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EGX rises again after 5 days from tax accounting decision on governmental debt instruments - Daily News Egypt

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EGX rises again after 5 days from tax accounting decision on governmental debt instruments

Today the Egyptian capital market has started to rise again by small rate due to some reports saying that the Federation of Egyptian Banks (FEB) is trying to reach an agreement with the ministry of finance.


The Egyptian capital market has witnessed a great loss after the deceleration of changing the tax law on the governmental debt instruments reached EGP 24bn which was the greatest since February 2016.

Today the Egyptian capital market has started to rise again by small rate due to some reports saying that the Federation of Egyptian Banks (FEB) is trying to reach an agreement with the ministry of finance.

The Egypt exchange (EGX) revealed that the shares of the Commercial International Bank which has the highest impact in the market has reached 74.2 per share, while The Swiss bank has reached 7.50, the Faisal Islamic Bank of Egypt has reached 14.86, Export Development Bank Of Egypt has reached 8.50 and Al Baraka Bank has reached 13.99.

The final price for the Commercial International Bank has reached EGP 73.78, while The Swiss Bank has reached EGP 7.52, the Faisal Islamic Bank has reached 14.59, the Export Development bank Of Egypt has reached 8.38 and Al Baraka Bank has reached 13.74.

Finally, the EGX has reached 164.83 points, 1.26%.

Topics: EGX tax

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https://dailynewsegypt.com/2018/11/28/egx-rises-again-after-5-days-from-tax-accounting-decision-on-governmental-debt-instruments/
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