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Market is currently witnessing fluctuation, particularly off back of anticipated results of yet-to-be-confirmed US presidential elections
A clear breach above the latter area on a weekly basis would pave the way for a strong upward move, where the next resistance level will be at 11,800 points.
Analysts forecast EGX to break the 11,200 points barrier this week
New system facilitates institution ability to deal with shares in Egypt’s SMEs
EGX30 up 1%, market capitalisation gains EGP 5.9bn on Monday
Trading sessions in main market will be from 10:00 to 14:30
New index follows new methodology to better reflect performance of companies, says Mohamed Farid
Gulf stocks gain, Saudi Arabia’s benchmark index closes at 2.4%, Dubai 1.9%
The market capitalisation rose by EGP 11.2bn to EGP 555.3bn after the turnover of EGP 1.5bn that included equity transactions worth EGP 500m.
Expectations to test 11,000 points over weekend
Benchmark index to target 11,000 points on medium-term, says pundit
According to the EGX statement on Saturday, the new index divisor was calculated at 1,000 points. Each company listed on the EGX70 EWI gets the same relative weight, which is about 1.43% in the first days of the periodic review.
EGX30 to test 14,100 this week: MEDAF
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
In a clear turn of events, the EGX decided to suspend trading on 71 shares for 10 minutes, but this time because of the proportion of their gains exceeded the 5% barrier, unlike last week, when trading was suspended due to losses.
CIB hikes by 5% and Eastern Company by 4.7%
MPC meeting will end the bleeding of the stock market, says HC
First time to suspend trading in the EGX 100 since 2016
Current share prices offer ideal opportunity for long-term investor, says Naeem Brokerage
EGX expected to continue fluctuating in coming sessions
Average capital of target companies is EGP 700m
Brokering companies should now prepare themselves to meet requirements, says EGX chief
Proposals include activating bonds market maker, allocating share of dealers to secondary trade, share for brokering companies
Egypt receives AFE secretariat for this year
EGX30 index has short-term resistance at 15,262-15,320 points
Benchmark EGX30 index has resistance at 14,810, 14,930 points
Benchmark EGX30 index may retest 15,320 points if it breaks resistance at 15,000
EGX30 to move between 15000pts and 15500pts in a heavy trade amid fresh liquidity
The Egyptian Exchange (EGX) listed Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding, on the EGX 30 index on Monday, as the company met the trading standards of the index, which includes the country’s top 30 listed companies. The move follows the success of ODE in 2018, as it was one of the …
Benchmark EGX30 index went up 115.55 points to close at 13,482.99 points