Latest in Tag: stocks Highlight
Latest in Tag: stocks
EGX30 closes at 11,380.55 points, recording decline of 1.44% last week
US stocks tumbled on Friday as retail trading frenzy rattled investors. The Dow Jones Industrial Average plunged 2.03%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since December 14.
Blue-chip EGX30 index rose 1.22% to record 10867.76 points, while the small- and mid-cap EGX70 EWI advanced by 2.33% to end trading at 2131.17 points
Benchmark EGX30 falls by 1.5%, to close at 10,683 points last week
Investor sentiment remained pessimistic sending Tokyo stocks lower for a fourth straight day amid concerns about continued negative impact of the pandemic
As of 9:15 a.m., Tokyo 225-issue Nikkei Stock Average lost 43.97 points, or 0.19 percent, from Tuesday to 22,840.25.
US stocks index Dow Jones Industrial Average jumped 2.21%. S&P 500 rose 2.66%, Nasdaq Composite Index rallied 3.57%
The stock markets bloodbath triggered the first-ever forced trading halt in the US and similar measures in Egypt, Europe, Asia, and Gulf Cooperation Council (GCC).
The EGX management has suspended trading on the shares of 21 listed companies for 10 minutes in the last hour of Monday’s trading, as a result of incurring 5% decline.
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EGX 30 index gained 177.77 points, 1.26%, closes at 14,261.25 points
Europe’s main stock markets recovered at the start of trading on Monday following tentative rebounds in Asia. However, analysts believe volatility will remain high amid fears of rising inflation in the United States.In the eurozone, Frankfurt’s DAX 30 rallied 1.1 percent to 12,238 points and the Paris CAC 40 advanced 1.0 percent to 5,130 in …
EGX30 index inched up 0.075 or 9.7 points to the level of 13,891.71 points
Investors are more likely to pump more cash in these stocks to maximise profits
European shares have hit their highest level in 15 months amid a mounting feelgood mood delivered by the prospect of a less sweeping tightening of US rates and a Dutch vote that held back a populist tide in Europe.In early trading on Thursday, the pan-European STOXX 600 index hit its highest level since December 2015, …
EGX expected to move between 11,200 to 11,500 points
Investment in shares is more attractive compared to fixed-income instruments despite increase in interest rates by 3% on Thursday, say investment managers
Turkish stocks and the lira have remained under selling pressure after a failed coup shook the country on Friday, now forcing the central bank to lower interest rates for the fifth consecutive month.
Most real estate stocks have been on the rise over the past four months, recording various high rates. This rise came as a result of the recent economic developments that affected investors and their savings instruments, especially real estate, after the Central Bank of Egypt (CBE) devalued the Egyptian pound from EGP 7.73 to EGP …
Stocks in Turkey opened lower after the weekend’s failed coup attempt, while the government in Ankara insisted the negative consequences would only be temporary. Some experts aren’t quite so optimistic. Shares listed on the Istanbul stock exchange were down 5 percent after parts of the Turkish military tried to seize power from the government Friday …
London’s benchmark FTSE 100 stock index has erased all its post Brexit vote losses on a wave of bargain hunting activities. Energy and financial shares were among the biggest winners after slumping right after the vote.
US bank shares have led a steep decline on Wall Street as aftershocks from Britain’s vote to leave the European Union have roiled global markets again. Traders were uncertain about London’s future as a finance capital.
Share markets around the world have gained on expectations that Britain would vote to stay in the EU. European stocks rose for the fifth day running on Thursday, while the British pound hit a 2016 high.
Investment managers say companies are seeking foreign investments through GDRs in light of the US dollar shortage, while local investors hide behind foreign institutions to obtain revenue in US dollars instead of Egyptian pounds
China is easing US access to domestic stocks and bonds and has pledged to curb the flood of its steel on the global market in a two-day dialogue between the two countries – but they didn’t agree on everything.
Market capitalisation of listed stocks increased by 2.2% this past week
Foreign investors have sold EGP 744.54m in shares since the beginning of 2016
Asian markets mostly fell at the end of the trading session on Tuesday. China’s benchmark has stabilized a day after plunging nearly 7 percent.