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EGX launches new index EGX70 EWI on Sunday

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.

Daily News Egypt

EGX lists Orascom Development Egypt on EGX30 index

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 …

Daily News Egypt

EGX aims to increase youth investors percentage, currently standing at 30-35%: EGX chairperson

The Egyptian Exchange (EGX) is targeting the younger generation to raise awareness, as currently, only 30-35% of them are investors. In order to increase this percentage, the EGX will introduce incremental savings approach to attract them an approach implemented in many capital markets for long-term investments, said Mohamed Farid, chairperson of the EGX. Farid statements …

Daily News Egypt

EGX loses EGP 22bn Tuesday morning, closes with EGP 15.5bn losses

The Egyptian Exchange (EGX) plunged on Tuesday morning, losing around EGP 22bn in market capital, recording EGP 906bn in total. The losses were driven by random selling from foreign and Arab companies, as well as investment funds. However, the EGX closed after falling into the red zone, losing about EGP 15.5bn, and recording EGP 912.127bn. …

Daily News Egypt

EGX shoots for 14,000 points this week, supported by foreign buyers

The Egyptian Exchange (EGX) aims to continue climbing this week, through moving towards 14,000 points,driven by foreign purchases, which have previously helped the market go beyond the pivotal resistance at 13500 points. In the past week, foreign institutions continued to set up intensive financial positions in stocks. The EGX main index successfully exceeded 13,500 points …

Mahmoud Hashem