Latest in Stock Market Highlight
Latest in Stock Market
Egyptian Exchange was affected by global markets panic, traders should adopt wait-and-see approach until market stabilises: El-Maraghy
MM Group announced that it will contribute to increasing the capital of Ibtikar Holding Company for Financial Investments by EGP 150m
Market is currently witnessing fluctuation, particularly off back of anticipated results of yet-to-be-confirmed US presidential elections
CIB price falls by 10%, but purchases by local portfolios and funds offset stock’s value loss to 6.9%
Slight selling pressure is projected at beginning of Sunday session
Expectations for sideways trend to continue between 11,200 and 11,500 points, with good opportunities to trade
Bitcoin trading is also important now more than ever, due to the rise of investment options and more people becoming financially aware.
Fawry sees shares jump 300% within 12 months, encourages electronic payment companies to get listed
Accordingly, they expect Sunday’s trading session to witness the results of the CBE decision, which will affect the attractiveness of other investment tools for fixed-income instruments.
Analysts forecast EGX to break the 11,200 points barrier this week
Last week, market capitalisation reached EGP 616.8bn, down by 1.7%
EGX30 targets support level of 10,800 – 10,970 points this week
New system facilitates institution ability to deal with shares in Egypt’s SMEs
The EGX now faces a potential corrective dip before resuming its rise towards breaking a new resistance level, since it is difficult to breach successive resistance levels without correcting down.
Investors should focus on banking, non-banking financial sectors and chemical sectors: Abdel Hakim
EGX ends Sunday’s trading in green, market cap gains EGP 10.6bn
Moving above 10,600 points will help EGX breach resistance levels, says Okaz official
EGX trade sessions last week, also the final week of July, were limited to only four due to the run-up to the Eid Al-Adha holiday.
Investor sentiment remained pessimistic sending Tokyo stocks lower for a fourth straight day amid concerns about continued negative impact of the pandemic
Pharmaceutical, chemicals, food, communications sectors achieve profits, whilst industrial, real estate, tourism sectors incur losses
As of 9:15 a.m., Tokyo 225-issue Nikkei Stock Average lost 43.97 points, or 0.19 percent, from Tuesday to 22,840.25.
European stocks slip amid concerns of surge in COVID-19 cases
Industry sources told Daily News Egypt that companies, including Egyptalum, continue to push hard for a further lowering of electricity prices from the current $0.06/kwh or EGP 1.0/kwh, to $0.04/kwh.
Contribution from insurance companies amounts to EGP 255m, or 41.2%, of total FRA income
Analysts recommend trading selected stocks
The benchmark index EGX30 closed at 11,108 points, while the EGX70 EWI rose 3.09% to 1,259 points, and the EGX100 EWI rose 3.31% to 2,028 points.
Trading sessions in main market will be from 10:00 to 14:30
Blue-chip index, the EGX 30, closed at the end of Wednesday’s session at 10,396 points, while the EGX70 EWI index decreased by 2.18%
EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy
New index follows new methodology to better reflect performance of companies, says Mohamed Farid