Latest in Tag: EGX Highlight
Latest in Tag: EGX
The EGX management conducts two reviews every year of the stock indices, the first of which ends in January, and is scheduled to start working on the first of February, and the second review ends at the end of July and is implemented in the beginning of August.
Schedule of offering government companies to be revealed within two weeks
The share of the Commercial International Bank (CIB) rose 4.9% to EGP 48.7 with a turnover of EGP 360.6m, and the share of Hermes also increased 4.7% to EGP 19.24 with a turnover of EGP 302.4m.
EGX30 tests resistance at 16,275 points in upcoming sessions: Gharib
IMF agreement, floating Egyptian pound, and tightening monetary policy are steps to address crisis: El Dokani
The Commercial International Brokerage Company (CIBC) came in second place, with a market share of 11% and transactions of EGP 99.5bn.
Last November, the EGX took the first steps to establish the first market for trading carbon certificates to motivate companies to reduce carbon emissions and adopt sustainable plans to reduce air pollution while encouraging green investment and diversifying investment options for investors.
We seek to strengthen cooperation, exchange of experiences to encourage intra-investments: El Dokkany
EGX30 records seven-month high at 11,072 points
5 upcoming acquisitions with values ranging between $70m and $150m each: Bassiouni
Reaching agreement on IMF loan would stimulate foreign investment, give confidence to investors: Hassan
The meeting dealt with presenting the work plan and strategy of Egypt Post and its subsidiaries, discussing its investment opportunities in the stock market and how to increase and benefit from them, in addition to the possibility of promoting investment funds through post offices throughout the republic.
EGX30 tests supporting level at 9,600 points: Al-Kurdi
The meetings discussed mechanisms of cooperation between stock exchanges to build a more effective investment environment
Kuwait’s investments ranked fourth in the Arab world with a value of EGP 2.1bn
Delayed flotation prompted foreigners to leave stock market: Hassan
The government aims to add assets to the IPO fund with a value between 5 and $6bn, according to Minister of Planning and Economic Development Hala El-Said’s statements.
The EGX’s indices recorded collective declines during last week’s trading amid sales to Arab and foreign investors.
Six companies are ready for stock exchange approval: Sources
Asset managers allowed to launch new products on carbon index: El Dokkany
This came during his participation in the activities of the second edition of the f Egypt-ICF 2022 and the Meeting of African Ministers of Finance, Economy and Environment for COP27, which was held in Cairo from 7 to 9 September and discussed the preparations of African governments for the upcoming UN Conference of Parties on Climate Change that will be held in Sharm El-Sheikh this November.
The banking sector came in the second with a trading value of EGP 4.5bn and a trading volume of 139.95 million stocks, followed by the non-banking financial services sector with a trading value of EGP 3.6bn and a volume of 2.7 billion stocks.
Al-Dokany said that he will work to coordinate with all parties to adopt and implement all the necessary policies to develop the performance of the EGX in a way that enhances liquidity and circulation, along with reinforcing awareness of the importance of the market in providing the necessary funding for various economic entities.
The EGX 30 is targeting a top resistance level of 10,600 points
Main index expected to move between 9,800 to 10,300 points
Prime Capital will promote and cover the subscriptions.
The conference comes within the framework of the Egyptian Exchange’s keenness to support the efforts of the Egyptian state to achieve the objectives of economic and social development plans by contributing to the settlement of comprehensive development by supporting many companies operating in Egypt’s governorates in various economic sectors and activities, by assisting these companies, especially small and medium ones, in accessing finance through organized public markets, which are capital markets known in the media as stock exchanges.
Farid also pointed out that the current crisis is similar to the global recession that occurred in 2008, noting that increasing supply is a good solution for dealing with it.
In implementation of the decisions issued by Prime Minister Mostafa Madbouly, and in an attempt to complement the efforts of the EGX’s management, all parties are coordinating with one another to increase government institutional investment in the stock market in particular.
International Conference on Egypt’s Alternative Finance Opportunities kicks off