Banque du Caire share offering in EGX not determined yet: chairperson
Bank plans to launch mobile, internet banking services next year, says Fayed
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Egypt shares to extend rally amid fresh liquidity, target 16,000 points in mid-term
Benchmark index EGX30 rose for second week in a row as foreigners buy
Egypt’s shares hit by profit-taking streak, record worst weekly losses in 2 years
Market expected to extend downward trajectory awaiting fresh stimulus
Egypt shares likely to halt rally amid possible profit-taking streak
EGX30 rises 2.3% in one week, closing at 16,999 points
Egypt shares await fresh stimulus to resume rally amid lack of catalysts
Main benchmark closed almost flat last week on sell-off streak to book gains
Egypt shares extend gains; record best weekly rally in September
Local investors boost the market as they embark on building new positions
Egypt shares resume fall in a week, as foreign investors sell
Profit-taking likely to continue ahead of Eid Al-Adha vacation
Attracting new companies at top of EGX priorities during coming period
There is an interest in providing investment opportunities and in SMEs to support them in financing their expansion
EGX ranks third best performing Arab stock market amid expectations of continued progress
KSE tops the list, QSE tails, six Arab bourses suffer losses, including DFM and ADX
Egypt’s stocks likely to move sideways due to interest rates hike, Ramadan
Local investors are expected to dump shares and turn them into banking assets
Postponement of El-Farasha’s offering to 2018
EGP 1bn expected sales by the end of 2017 with 82% growth
A proposal to reduce stamp tax supports the cohesion of EGX
The Egyptian Exchange (EGX) indexes strengthened at the end of last week, following a wave of decline on the back of the high-stamp tax proposal, before the Ministry of Finance suggested to bring the rate down to 0.125%. The EGX has been suffering over the past week, recording at midweek its lowest transactions since October …
Nile Cotton Ginning calls for EGX, EFSA to return to trading on shares
Negotiations with the government reached a dead end and the current solution is to return trading
T+0, T+1 mechanisms increase by 40% of daily trading
MCDR targets interconnection with ADX and develop storage capacities by 2017, Abdul Bari says
EGX could attract falling Saudi investments, experts say
Saudi stock exchange has been witnessing huge losses for the second week respectively. According to a report issued by Al-Hayat news website, Tadawul—the stock market of Saudi Arabia—lost more than $3.5bn due to declining demand. The report added that the liquidity in the market declined by 18%, affecting the Tadawul All Share Index (TASI) negatively. …
EGX30 targets 13,400–13,600 points this week
Technical analysts predict the EGX will continue making gains, while trading volume increases
EGX named one of highest US dollar revenue-achieving emerging stock markets in 2017
The initial indicators recorded by the Egyptian Exchange (EGX) during the first two weeks, as well as international reports’ expectations of a relative increase of the Egyptian pound have confirmed that the EGX came amongst the list of stock exchanges achieving the highest US dollar revenues in 2017. There are three factors which put the …
Mubasher offers consulting for 3 deals worth EGP 150m
Mubasher Advisory for Securities is offering a package of financial consulting services to a number of companies, said board member Ehab Rashad. The companies, he explained, aim to register on the Egyptian Exchange (EGX), Nile Stock Exchange, or implementing expansions. Rashad noted that the first deal, to which Mubasher is advising, includes three deals for …
EGX30 targets 13,100 points this week
Technical analysts predicted that the Egyptian Exchange (EGX) will continue to take advantage of the falling price of the pound, and aims to achieve a new record level near 13,050-13,100 points in this week’s trading after the New Year’s celebrations and Christmas holidays. The EGX30 closed at a new level of 12,824.3 points, with weekly …
Brokerage companies pin hopes on flotation, government offerings to improve exit negotiations
Executives confirm that acquisitions are now based on minimum value of brokerage licence or companies’ book value
Arab institutions save EGX from repercussions of church bombing
EGX closes in the green, up by 1.29% on Monday
Foreign investors must regain trust in business environment if they are to return: EGX chairperson
Facing potential risks from reform decisions is better than remaining in the abyss, says Omran
Legislative reform necessary to improve business environment: former EGX head
Amending laws of investment, capital market, and land allocation is necessary
Devaluation of Egyptian pound increases EGX’s hopes for restoring ‘hot money’
Investment, initial public offering (IPO), and securities promotion managers have conflicting opinions over whether the devaluation of the Egyptian pound has restored the Egyptian Exchange’s (EGX) attractiveness for foreign investors, and whether the action encourages them to inject “hot money” into the stock exchange—like what had happened before 2011 and what happened mid-2013. The experts …
Two revolutions and a US dollar crisis dilute funding development dream of EGX
EGX peaked in 2008 when its market capital recorded unprecedented levels, but it gradually receded due to sharp political and economic fluctuations
A.T. Lease plans to re-offer shares in EGX during Q4 of 2016
The company was granted a three-month period for its offerings, due to end in December
EGX expects to move between 6,900 and 6,990 points during Sunday trading
The EGX closed on Thursday at 6,942.52 points, with a 0.15% increase.
Rami Aboul Naga succeeds Rania Al-Mashat on EGX board
Aboul Naga will succeed Rania Al-Mashat, who will move to the International Monetary Fund
NTRA advises TE with terms and conditions for 4G licence
50% of licence’s value will be collected in US dollars
Procedures for IPO of two companies in EGX to begin upon parliament’s approval of government programme: MP
Business sector did not use legal incentives such as securitisation, financial leasing to overcome liquidity crisis, says Desouky