Tag: EGX

Stock market bloodbath continues

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

Mohamed Samir April 1, 2020

EGX develops ‘electronic trading support systems’ to ensure work continuity

60% of employees now working outside of office: EGX Chairperson

Daily News Egypt March 30, 2020

Outflow of foreign investments in EGX reaches $500m: CBE Governor

CBE has EGP 1trn of excess liquidity, deferred loan installments recorded EGP…

Daily News Egypt March 29, 2020

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 starts EGX investment, raises hope of rebound

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

Alyaa Stohy March 28, 2020

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.

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 March 28, 2020

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 fears erase EGX gains despite government stimulus

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

Alyaa Stohy March 25, 2020

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 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 January 26, 2021

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 March 22, 2020

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)

Target Real Estate requests buying 114 million shares in Dice

Target Real Estate Investment and its owners own about 21.2% of the…

Shaimaa Al-Aees March 20, 2020

Mohamed El-Etreby, Chairperson of the FEB and Chairperson of Banque Misr

NBE, Banque Misr invest EGP 3bn in EGX

Both banks to offer 1-year saving certificates with 15% yield on Sunday

Hossam Mounir March 19, 2020