Latest in Tag: stocks Highlight
Latest in Tag: stocks
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.
Germany’s blue-chip stocks index, the DAX-30, has completed a fourth year of a rising trend as 2015 comes to a close. An index of European blue chips also rose, albeit by only half as much.
2015 witnessed the first cross-border IPOs by Egyptian issuers in the past five years
Non-financial companies that will benefit EGP devaluation will include OTMT, Oriental Weavers, Global Telecom Holding, Lecico
The day started with an increase in the benchmark index but ended with another loss
Environmentalists aren’t the only ones fretting over climate change. A new study has calculated the risk to financial markets if temperatures are allowed to rise uninhibited. Inaction, it said, would be a bad investment. A fresh study by the Cambridge Institute for Sustainable Leadership has put a price tag on climate change mitigation. Investment portfolios …
US stock markets swung between big gains and losses after the Fed kept interest rates near zero. Investors struggled to decide how to interpret the decision and what it means for the health of the US economy. Wall Street gave up a rally of more than 1 percent on Thursday, after the Federal Reserve decided …
The more than 8% plunge in the Shanghai Stock Exchange on Monday, 24 August , is the biggest single-day loss Chinese stocks have seen since the peak of the global financial crisis in 2007
Panic selling gripped US and European stock markets on Monday after Chinese shares sank deeper, posting their largest intra-day fall since 2007 on worries that the Asian powerhouse was in for a hard landing. US stocks tumbled in opening trade on Monday, with the Dow plummeting more than 1,000 points or 6 percent within minutes …
China’s factory activity saw a sharp decline in August, showed an independent survey, adding to growing worries about sputtering growth in the world’s second-largest economy. Chinese stocks also extended their losses. The Caixin’s Purchasing Manager’s Index (PMI), which tracks activity in Chinese factories and workshops, fell from 47.8 in July to 47.1 in August. It …
Stock market’s main index EGX-30 dropped by 0.94%, registering at 7172.6 points
Greece’s banking stocks have plunged for the second day in a row, almost reaching the 30 percent daily limit for losses only minutes after trading began. That limit was reached Monday, compounding Athens’ financial woes. The Athens stock exchange’s banking index, which measures the value of Greece’s four largest lenders, dropped 29.2 percent on Tuesday …
Value of traded securities during previous month totalled EGP 18.3bn
ICFC announced intention to increase capital from EGP 30m to EGP 45m early Monday
EGX committee approved listing of ETFs in 2014 with initial value of EGP 10m
Trading on Orascom Hotels and Development stocks started during Tuesday’s session
Increase in public offering registered EGP 5.5bn during first half of 2014
Dimian estimates that proceeds to the treasury from the new tax will range from EGP 5 – EGP 6bn, but this will be linked to market performance.
Reuters – A top Dubai economic policymaker said on Monday that an agreement to merge the two main stock markets in the United Arab Emirates, the Dubai Financial Market and the Abu Dhabi Securities Exchange, had been reached in principle but nothing had been finalised. “It is going to be very positive. The agreement has …
Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …
Reuters – Egypt’s financial regulator, as part of a broader effort to invigorate the country’s financial markets, has lifted a ban on brokerage firms and fund managers trading shares listed overseas. The markets’ watchdog introduced the ban in June 2012, saying such deals exposed investors to risks it could not monitor. Traders at the time …
Reuters – Shares in Dubai’s Emaar Properties surged to a 65-month high on Thursday after the firm regained its investment-grade credit rating, while Egyptian shares rose amid a regional uptrend on expectations that the army chief would run for president. Emaar, Dubai’s largest developer, jumped 4.7% to 8.30 dirhams. Standard and Poor’s raised its long-term …
EGX-30 jumped by 1.31% and closed at nearly 7180 points
Saudi Telecom lifts index with strong Q4 earnings
Egypt’s index added 0.5%, partially rebounding from a 2.0% tumble on Sunday
Egyptian Exchange says it is keen on increasing depth and efficiency of the capital market
MidEast stocks mostly gained on Tuesday
The company will trade under the “TWTR” symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.
Fears of upcoming demonstrations along with the Syrian-US issues weigh heavily on market
Economic experts weight in on the effects of ongoing violence