Latest in Tag: stock market Highlight
Latest in Tag: stock market
When Egypt’s stock market starts trading on 16 July, most investors should be watching the following factors in the week ahead, with some companies discussing dividends, while others will hold its ordinary general meeting to discuss its finances for the second quarter (Q2) of 2017. Beltone Financial Holding’s shareholders will meet on Sunday to discuss …
Expectations about targeting the level of 13,200 points this week as part of the sideways movement
Prime Investment bank said that floating the national currency is a great step that would push Egypt’s economy forward by eliminating the informal market and creating one price for foreign currencies, combined with decisions by the Supreme Council for Investment to help boost investments in Egypt. The bank believes that the supply of US dollars …
Lack of integrated economic policy wasted the benefits of Egyptian pound’s devaluation
Mohammed Omran, chairperson of the Egyptian Exchange (EGX), said that the stock market played a vital role in supporting the country’s economic development despite Egypt’s slow economic growth. The stock market has provided funds in the form of initial and secondary offerings and increased capital through issuing bonus shares totaling EGP 37.72bn since mid-2013 until …
The goal is to increase the company’s capital to EGP 1bn by the end of the year to finance new acquisitions and restructure its subsidiaries
The planned merger between the London Stock Exchange and the Frankfurt-based Deutsche Börse is moving closer towards reality, despite concerns raised by Brexit and stock market competitors.
Small and medium-sized enterprises (SMEs) have aided Egypt’s economic recovery, but there is still room for improvement, says report by Oxford Business Group
The once-proud Deutsche Bank is now threatening the global financial system. Things keep getting worse and worse, though Brexit offers a tiny glimmer of hope, writes DW’s Henrik Böhme.
Spanish renewable energy group Gamesa has agreed combine its wind power business with those of Germany’s Siemens in a deal that will create one of the world’s largest makers of wind turbines.
Stock market’s EGX-30 and EGX-100 decreased quarter-on-quarter
The Yangon Stock Exchange officially opened for trading on Friday. Hopes are high that it will help transform Myanmar’s weak economy, once rife with corruption under its former military junta.
Video by Menan Khater Edting by Omar Korashi
EFG Hermes One on One aims to provide a suitable platform to review the most promising investment opportunities and developments in the economic markets in the Middle East and North Africa, representing one of the largest investment events of its kind in the region
The slightest increase in the Gulf’s stock markets was recorded in the Muscat Securities Market (MSM), which inched up by 0.3% during the past week
Qatar dropped by 2.04%
The acquisition of CI Capital by OTMT will reflect positively on the market
Experts attribute zero trading to companies’ reluctance to issue new bonds, depreciation of pound, and public banks issuing investment certificates with a yield of 12.5%
Foreign banks prevent branches from investing in stock market, Egyptian banks resort to creating subsidiary companies, investment funds
Small investors’ portfolios lost an average of 70% of their value, prompting investors to look for safe investment alternatives
Foreign investors’ transactions registered net sales of EGP 548.85m
All indexes witnessed a surge during the past week
Saudi Arabia’s market surged by 7.62% and Abu Dhabi’s followed, increasing by 4.64%. Muscat’s bourse also increased by 3.07% and Kuwait inched up by 1.3%
The cumulative deterioration in EGX-30 last week was 15.38%
A total of 596 MPs were sworn into office during the first hours of the session.
Analyst predicts conservative first week movement in stock performance as there are low expectations for the Egyptian economy 2016
15 new companies listed in the EGX in 2015
Stock exchange to face short wave of profits as a result of the increase of last 6 sessions with weak purchasing power
The day started with an increase in the benchmark index but ended with another loss
In light of the lack of transparency in the case, businessmen begin speculating over the arrest, fearing they too may be targeted