By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Strong presence of Egypt’s real estate developers in MIPIM in Cannes
    Strong presence of Egypt’s real estate developers in MIPIM in Cannes
    March 20, 2023
    Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
    Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
    March 20, 2023
    Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
    Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
    March 20, 2023
    Madaar to invest EGP 5bn in its projects in 2023
    Madaar to invest EGP 5bn in its projects in 2023
    March 20, 2023
    Khaled Sabry Holding to unveil 56-feddan projects in East Cairo
    Khaled Sabry Holding to unveil 56-feddan projects in East Cairo
    March 20, 2023
  • Politics
    PoliticsShow More
    Shoukry heads to Copenhagen to participate in ministerial meeting on climate
    Shoukry heads to Copenhagen to participate in ministerial meeting on climate
    March 20, 2023
    Al-Sisi receives high-level Russian delegation for economic discussions 
    Al-Sisi receives high-level Russian delegation for economic discussions 
    March 20, 2023
    Egypt launches new phase of national strategy to combat money laundering, terrorist financing
    Egypt launches new phase of national strategy to combat money laundering, terrorist financing
    March 20, 2023
    Palestinian-Israeli talks in Sharm El-Sheikh to support calm between two sides
    Palestinian-Israeli talks in Sharm El-Sheikh to support calm between two sides
    March 20, 2023
    Egyptian president, Russian delegation discuss economic relations
    Egyptian president, Russian delegation discuss economic relations
    March 20, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: EGP 48.7bn traded on EGX in Q4 of FY 2014/2015
Share
Notification
Latest News
Strong presence of Egypt’s real estate developers in MIPIM in Cannes
Strong presence of Egypt’s real estate developers in MIPIM in Cannes
Real Estate
Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Real Estate
Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
Real Estate
Madaar to invest EGP 5bn in its projects in 2023
Madaar to invest EGP 5bn in its projects in 2023
Business
Khaled Sabry Holding to unveil 56-feddan projects in East Cairo
Khaled Sabry Holding to unveil 56-feddan projects in East Cairo
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > EGP 48.7bn traded on EGX in Q4 of FY 2014/2015
Business

EGP 48.7bn traded on EGX in Q4 of FY 2014/2015

Doaa Farid
Last updated: 2015/06/30 at 3:15 PM
By Doaa Farid 4 Min Read
Share
The EGX’s weekly stock market summary showed that the total value of shares for companies listed dropped EGP 5.491bn last week, from EGP 380.950bn to EGP 386.441bn.(File Photo) (AFP Photo / Mahmoud Khaled)
(AFP File Photo / Mahmoud Khaled)
SHARE
The total value traded in the Egyptian Stock Market (EGX) in the fourth quarter (Q4) of fiscal year (FY) 2014/2015 has recorded EGP 48.7bn. (AFP Photo / Mahmoud Khaled)
The total value traded in the Egyptian Stock Market (EGX) in the fourth quarter (Q4) of fiscal year (FY) 2014/2015 has recorded EGP 48.7bn.
(AFP Photo / Mahmoud Khaled)

The total value traded in the Egyptian Stock Market (EGX) in the fourth quarter (Q4) of fiscal year (FY) 2014/2015 has recorded EGP 48.7bn. The total volume traded reached 8,912m securities executed over 1.16m transactions in this quarter.

The EGX said in its quarterly statement issued Tuesday that stocks trading accounted for 65.73% of the total value traded of the main market, while the remaining 34.27% were captured by bonds over the quarter.

Egyptians controlled 80.94% of the value traded during the quarter, while non-Arab foreign investors accounted for 13.17% and Arab investor captured 5.89%. Non-Arab foreign investors were net buyers, with a net equity of EGP 660.79m and Arab investors were net sellers, with a net equity of EGP 246.5m, according to the statement.

Regarding the market indices performance, the EGX-30 index closed at 8,372 points, recording a decrease of 8.36%; the EGX-70 index marked a 14.09% loss at 445 points; and the EGX-100 declined by 9.93% at 942 points.

The Egyptian bourse witnessed an improvement in activities over FY 2014/2015. Over 20 companies were listed on the EGX with over EGP 5bn in capital since May 2014, according to EGX Chairman Mohamed Omran. The surge was followed by the first initial public offering (IPO) held after the 25 January Revolution by leading cement producer Arabian Cement.

Ordinary shares of Egyptian snacks company Edita Food Industries SAE started trading in early April. In parallel, trading of global depositary receipts (GDRs), each representing five ordinary shares, also began on the London Stock Exchange (LSE).

Another leading company announcing its stock market listing this year was the Egyptian arm of UAE-based real estate developer Emaar Misr. The IPO will encompass an offering of up to 600m shares, representing 13% of the company’s post-offer share capital, the company noted.

In early March, the EGX also approved Orascom Construction’s (OC) EGX listings, with capital amounting to $105m. In November 2014, the company announced that it will obtain an IPO in 2015.

Leading automotive assembler and distributor Ghabbour Auto (GB Auto) also submitted a request to the EGX this year. This was to increase the company’s capital by approximately EGP 960m, through issuing 960m shares at a value of EGP 1 per share.

In November 2014, the Sixth of October Development and Investment Company (SODIC) announced it had raised EGP 993m through a capital increase offered to existing shareholders, from EGP 362.7m to EGP 1.35bn.

Real estate firm Mountain View is also considering listing shares on EGX, although not before 2017, according to CEO Ayman Soliman.

In 2005, only three companies had IPOs, amounting to EGP 7.6bn. That number surged to 22 companies in 2006; however, the offerings amounted to EGP 3.7bn. In 2007, 20 companies were listed, totalling EGP 21.4bn, whilst in 2008, the amount of offerings for 24 companies was EGP 6.4bn.

Between 2009 and 2011, 30 companies were listed on the stock market with a total value of EGP 5.7bn, with 2011 contributing eight companies and EGP 0.5bn to those figures.

Listings surged in 2012 to total 11 companies and a value of EGP 2.5bn, only to drop in 2013, with nine companies entering the stock market with a total value of EGP 0.2bn.

You Might Also Like

Strong presence of Egypt’s real estate developers in MIPIM in Cannes

Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment

Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom

Madaar to invest EGP 5bn in its projects in 2023

Khaled Sabry Holding to unveil 56-feddan projects in East Cairo

TAGGED: bourse, Daily, EGX, Egypt, Egyptian stock market, IPO, listing, News, trading
Share this Article
Facebook Twitter Email Print
Previous Article Tunisian President Moncef Marzouki (photo: AFP) UN Undersecretary-General slams Israel’s detention of former Tunisian president
Next Article Vodafone attracts 1 million clients using mobile money transfer services
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Strong presence of Egypt’s real estate developers in MIPIM in Cannes
Strong presence of Egypt’s real estate developers in MIPIM in Cannes
Real Estate
Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Real Estate
Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
Real Estate
Madaar to invest EGP 5bn in its projects in 2023
Madaar to invest EGP 5bn in its projects in 2023
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?