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The analysts stated that the recent downgrade would not have a large affect on Egypt’s banking sector, adding that the value of stock for some banks may decrease as a result, but only for one or two trading sessions at the most.
The EGX 70, an index of small and medium-sized companies,declined by a precipitous 5.32%, while the broader EGX 100 slid 4%.
Tariq Abd al-Bari, chairman of Misr for Central Clearing, Depository and Registry, stated that the company had not yet received any orders to freeze the assets of any individuals since the outbreak of recent protests on 30 June.
Retired investors return to stock market on optimism about the country’s economic future
Egypt may be bumped from “emerging market” to “frontier market” on lack of liquid investments
The consulting firm says Egypt’s consumption price index increased by 4% due to increases in food prices and the devaluing of the Egyptian pound
Stockbrokers attribute the drop to Orascom’s recent refusal to go public
Positive performance for EGX as the week begins, experts to re-assess end of the week
Egypt’s ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egypt’s economy
The index started the day at 5.688 down one point from Sunday; it rose to 5.702 points before starting the downward trend to close the day at 5.608 points, failing to stay above the 5.700 points level.
Train crash expected to push EGX30 down to 5,600 points
The benchmark index, EGX 30, started the week at 5.734 points to reach a two month high of 5.867 points, before falling to 5.755 points at the end of the week.
Sharp speculation regarding the dollar has had a negative effect on Egypt’s economy
Analysts say that a “Yes” vote on the constitutional referendum would positively influence the Egyptian stock market
EGX 30 moved up 213 points to close the session at 5,052 points
Mood of pessimism continues to drive down stock market
The IMF deal has been seen by analysts as the key catalyst of recovery in the stock exchange after the revolution
Al-Saeed expects the market to resume its positive performance Wednesday despite price fluctuations.
The Egyptian Stock market index maintained its downward trend after a weekend of massive agitation.
By Fatheya Al-Garhy The stock market remained surprisingly resilient to last week’s consecutive multitude of violent events: Nile City towers, Dahshour and Rafah. They caused a sharp decline in the market’s indices only for them to rebound back and absorb the events, supported by Egyptians’ purchasing transactions. Another major factor that contributed to the market’s …
London’s benchmark FTSE 100 index added 0.24 percent to 5,512.68 points in midday trade but was off earlier highs following dire news that Britain’s recession deepened in the second quarter of 2012. British gross domestic product slumped by a worse-than-expected 0.7 percent in the three months to June, according to official data published just ahead …
EGX stable at the end of Ramadan’s first session.
By Fatheya Al-Garhy The Egyptian Stock Exchange (EGX) closed after the first session of Ramadan with prices maintaining relative stability, the opposite of what most analysts expected. Observers predicted that the EGX’s indices would experience sharp declines in the value of trading with the start of the holy month. The shares of Orascom Telecom Media and …
The HUB FIX project connects the Egyptian Stock Exchange to markets across the world via the networks of Fidessa and ULLINK
Corrective movement among the indices of the Egyptian Exchange happened last week after a period of steep increases that began with the announcement of Mohamed Morsy as President.
Mohamed Omran, Chairman of the Egyptian Stock Exchange, issued a decision for rules governing mentoring companies for small and medium sized enterprises (SMEs). The decision included rules for mentoring as well as measures to be taken in the case of violations. The first article of the decision obligated companies wishing to offer mentoring services to …
Mr Ibukun Adebayo, the London Stock Exchange’s Head of Primary Markets for the MENA region, discusses the prospects of the country’s investors to trade in the LSE in light of political change
European and US stock markets mostly rose on Monday while the euro fell against the dollar
The Egyptian stock market was rated the second fastest emerging market worldwide in the first half of 2012
Egypt’s inflation slowed in April, despite overall food prices remaining high and the country’s deficit widening to $11.2 billion, as Egypt’s transition seemed to be prolonging its economic woes, the Automotive Marketing Council noted in a report released yesterday.