Latest in Stock Market Highlight
Latest in Stock Market
EGX30 records seven-month high at 11,072 points
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 …
EGX loses about EGP 24.4bn in last Thursday’s trading session
ADES Group will soon be listed on the Saudi stock market
Macro Group and Ghazl El-Mahalla SC are the closest, followed by Ebtikar and Abu Auf
The benchmark index EGX30 closed at 11,499.85 points last week, recording a decline of 1.98%. The EGX70 EWI also posted a 3.56% loss, concluding at 2,130.11 points, while the S&P index declined by 2.68% and concluded the period at 1,848.27 points.
EGX30 closed at 11,731.71 points, recording decline of 2.34% last week
Company targets EGP 130m in sales during 2022: Chairperson Sayed
EGX30 closed at 12,012 points last week, recording decline of 0.26%
EGX30 closes at 12,043.42 points last week, recording increase of 0.79%
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.
During a meeting with 35 diplomats, Farid explained how the Egyptian stock market could attract foreign investments.
EGX30 closed at 11,667.73 points, recording an increase of 1.15%. EGX70 EWI posted 0.79% gain concluding the last week at 2,131.58 points, while S&P Index rose by 1.47% and concluded the period at 1,906.71 points.
The benchmark index EGX30 closed at 11,534.63 points, recording an increase of 1.91%. EGX70 EWI posted 1.97% loss concluding the last week at 2,114.97 points, while S&P index rose by 2.3% and concluded the period at 1,879.02 points.
Farid asserted that the FEAS works on enhancing the capabilities of member exchanges in a way that contributes to increasing their competitiveness. The Federation also works on unifying the rules governing registration and trading on member exchanges, as well as facilitating investment procedures.
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.
The benchmark index EGX30 closed at 11,431.24 points last week, an increase of 0.82%. EGX70 EWI posted 3.31% gain concluding the period at 2,082.7 points, while S&P rose by 2.53% and concluded the period at 1,826.43 points.
He also ordered the establishment of a special unit in the General Authority for Investment and Free Zones (GAFI) to provide a fast track for stock exchange companies, as well as study the amendment of the preferred shares system so that there is greater flexibility and freedom in their issuance.
Trade is a significant driver of economic growth.
The huge trading in the share of the fintech company brought the communications and information technology sector back to the top of the active sectors on the EGX during the past week.
New firm in process of obtaining necessary licences from Financial Regulatory Authority
Despite optimism among EGX traders about e-finance offering, inflation and energy crises threaten continuation of market rise
EGX30 closed at 10,536.39 points, recording increase of 0.18% last week
EGX30 likely to move sideways between 10,400 and 11,000 points in coming sessions: Agina
Outlook for EGX70 EWI turns negative after it breached lower limit of consolidation movement: Arabeya Online official
The benchmark index in the Egyptian Exchange (EGX30) has closed at 11,056.27 points, recording a decline of 2.17% for the week. The index was still above its support level of 10,900 points, and it managed to form a higher low pattern. Meanwhile, the bullish scenario suggests that EGX30 will rise to the resistance level of …
The Egyptian Capital Market Association (ECMA) has welcomed the introduction of a new method to calculate the closing price of stocks at the Egyptian Exchange, noting that the new system is applicable in more than 90% of the world’s stock exchanges. However, ECMA suggested starting the trading session at 9:00 to find room for applying …
EGX currently has treasury, housing, companies, and securitization bonds worth EGP 2trn
Market going through temporary state for 2 months, we approach its upper limit: Beltone’s Agina
Hermes Securities Brokerage came in second place with market share of 7.3%