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Egyptian Exchange (EGX) Rally as Central Bank of Egypt Governor Tarek Amer Resigns

EGX rally following CBE’s governor resignation

The Egyptian Exchange (EGX) reacted positively to the resignation of the Governor of the Central Bank of Egypt Tarek Amer. The market responded with a collective rise in the indices at the conclusion of Wednesday and Thursday trading sessions. The Egyptian Exchange (EGX) market cap gains about EPG 9 billion, led by the share of …

Daily News Egypt

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FRA approves 3 companies’ listing on EGX with fair value exceeding EGP 4bn

They were: Macro Group for Pharmaceuticals (Macro Capital), with a fair value of approximately EGP 3.5bn and free trading rate of 45.8%, and the Nahr El-Kheir Company for Development, Agricultural Investment and Environmental Services, with a fair value of up to EGP 500m, and free trading rate of 61%. Both companies will be registered in the main market.

Alyaa Stohy

A general view of the Egyptian Exchange (EGX) in Cairo August 18, 2013. Egypt's stock market fell sharply on Sunday as it resumed trading after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood. Banks and the stock market reopened for the first time since Wednesday's carnage, with shares rapidly falling 2.5 percent.

EGX eyes breaking 11,500 points resistance level

The benchmark index EGX30 closed at 11,318.35 points, recording a decline of 0.99%st week. EGX70 EWI posted a 3.59% gain concluding the last week at 2,157.56 points, while S&P index rose by 0.8% and concluded the period at 1,835.82 points.

Alyaa Stohy