Latest in Tag: Egyptian Exchange Highlight

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Latest in Tag: Egyptian Exchange


Egypt amends some provisions of listing, delisting rules for EGX

The board of directors of the Financial Regulatory Authority (FRA) issued a decision to amend some of the provisions of the rules for new listings on the Egyptian Exchange (EGX), as well as rules for continuation and delisting, through adding rules stipulated in article 6 of Law 95 of 1992. Mohammed Omran, chairperson of the …

Daily News Egypt

10,000, new investors in Egyptian Exchange within three months: Adel

The vice president of the Egyptian Exchange, Mohsen Adel, revealed on Sunday that 10,000 new investors entered the EGX since the beginning of 2018 through 31 March. This came during the session Capital Market Reform in the Portfolio Egypt Conference 2018 on Sunday, which was organised by Al Mal GTM, under the title of Opportunities …

Nihal Samir

Egyptian reform programme irreversible, process will continue: EGX chairperson

Mohamed Farid, chairperson of the Egyptian Exchange (EGX) and the Federation of Euro-Asian Stock Exchanges (FEAS), said that Egypt’s economic reform programme put the country in a position allowing it to create its success story, adding, “tremendous improvements were made.” Farid noted, at CFA Institute’s Middle East Investment Conference on Monday, that the Egyptian reform programme is …

Hagar Omran

Raya to offer shares on EGX in Q2 of 2017

Raya Data Center Company is preparing to offer a portion of its shares on the Egyptian Exchange (EGX) during the second quarter (Q2) of 2017. The investment bank EFG-Hermes will take over the position of the manager of the initial public offering (IPO) instead of Beltone. Reem Asaad, CEO of Raya Data Center, said that …

Alia Stouhi

EGX30 expected to move sideways to 8,000-8,500 points: analysts

Technical analysts predicted that the benchmark index EGX30 at the Egyptian Exchange (EGX) would move sideways, between 8,000 and 8,500 points, after it failed to maintain stability above the resistance level of 8,500 points during last week. EGX30 fell by 2.86% last week to close at 8,277.2 points at the end of the week, compared …

Mohamed Ahmed

EGX30 expected to test resistance level of 8,500 points

Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this week’s trading with support from purchases from foreign investors. They also expect that the EGX30 might test the resistance level of 8,500 points. The director of the technical analysis division of Osool Securities Brokerage, …

Mohamed Ahmed