Factors to watch in Egypt’s stock market in week ahead

When Egypt’s stock market starts trading on Sunday 29 October, most investors should be watching the following factors in the week ahead, with some companies holding ordinary general meeting to discuss…

Daily News Egypt

Pharos recommends ‘equal-weight’ on Juhayna

The research firm said that Eastern Co’s still benefiting from low-cost dollar inventory

Daily News Egypt

Egypt shares hit two month high as investors build up new positions

EGX30 index rose 1.76% or 241.85, closing at 13,955.47 points

Elsayed Solyman

3 banks contribute largest share of financing for housing loans 

HDBEG contributes EGP 3.5bn to the CBE’s initiative, NBE gives EGP 2bn, and Banque Misr’ share accounts for 22.5%

Hossam Mounir

Fawry negotiates with banks to collect monthly installments for those who benefit from social housing project

EGP 1bn to be collected on a quarterly basis from 200,000 customers within the mortgage finance agreement

Daily News Egypt

Public Enterprise Sector Ministry announces EGP 7.4bn net profit in FY 2016/17

71 companies owned by the ministry have witnessed an improvement in performance

Mohamed Samir

Launching small industries complex in Sukhna, includes 47 factories with investments worth EGP 800m: Industry Minister

We seek to achieve a real industry that increases GDP rates and create jobs: Kabil

Daily News Egypt

Egypt holds workshop with World Bank to promote investments in agriculture

Egypt’s recent economic reforms and improved business environment encourage investment in agriculture, says World Bank

Nehal Samir

Abadi suspends operations against Peshmerga to deploy forces on Iraq’s borders

The decision comes a day after clashes between Iraqi national forces and the Peshmerga near Mosul

Mohammed El-Said

Defendant in Kerdasa clashes case referred to grand mufti

10 other defendants involved in the case will witness final verdict on 29 November

Daily News Egypt