Stock Market

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Latest Stock Market News
coronavirus

Stock market bloodbath continues

EGX drops 1.76%, Dow and S&P 500 both decline 3.4%, France’s CAC…

Mohamed Samir
Mohamed Samir
Traders work near the exchange bell at Egypt's Stock Exchange (EGX) in Cairo July 3, 2013. Cairo's benchmark dipped 0.3 percent, slipping off a three-week high and extending 2013 losses to 9 percent. Bourse data showed that foreign investors were sellers but Egyptians remained net buyers on hopes a military intervention would put an end to the Islamist president's rule. REUTERS/Mohamed Abd El Ghany (EGYPT - Tags: BUSINESS)
CBE

CBE starts EGX investment, raises hope of rebound 

EGX 30 index closed at 9,912.98 points, recording an increase of 7.68%.…

Alyaa Stohy
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.
buybacks

Listed companies turn to share buybacks to compensate for EGX losses due to coronavirus

These companies include Palm Hills Developments, Eastern Company, Orascom Development Holding, GB…

Alyaa Stohy
Alyaa Stohy
Traders work near the exchange bell at Egypt's Stock Exchange (EGX) in Cairo July 3, 2013. Cairo's benchmark dipped 0.3 percent, slipping off a three-week high and extending 2013 losses to 9 percent. Bourse data showed that foreign investors were sellers but Egyptians remained net buyers on hopes a military intervention would put an end to the Islamist president's rule. REUTERS/Mohamed Abd El Ghany (EGYPT - Tags: BUSINESS)
coronavirus

Coronavirus fears erase EGX gains despite government stimulus

EGX30 down 2.76%, with turnover falling to EGP 762m

Alyaa Stohy
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

EGX celebrates Al Sisi-ordered investment but global stocks’ fall halves gains

CBE's initiative should focus on absorbing sale shocks not pushing prices up,…

Alyaa Stohy
Alyaa Stohy
Banque Misr

Will EGX rally on NBE, Banque Misr EGP 3bn package continue, or will it be short-lived?

EGX30 down 17.7% last week despite Thursday's session 5% increase

Alyaa Stohy
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.
Arabs

Sales of Arabs, foreigners push EGX30 down by 4.8%

EGX keeps dwindling despite tax incentives, interest rates slash

Alyaa Stohy
Alyaa Stohy
EGX

Government decision regarding stock exchange taxes awaited by EGX

Global, local stock exchange losses, halting transactions will likely trigger panic selling

Alyaa Stohy
Alyaa Stohy
covid19

COVID19-caused economic recession fears cost EGX biggest decline since 2012

Postponing application of capital gains tax to stock transactions is more harmful…

Alyaa Stohy
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.
coronavirus

Coronavirus fears dominate EGX performance

On the positive side, EGX30 Index witnessed a notable rise during Tuesday’s…

Alyaa Stohy
Alyaa Stohy