Latest in Tag: Egyptian Exchange Highlight

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Latest in Tag: Egyptian Exchange


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

EGX30 expected to continue moving sideways to 7,800-8,020 points: analysts

Technical analysts predicted that the Egyptian Exchange (EGX) would move sideways, leaning towards a decline, amid decreasing trading volumes this week. Moreover, they said the index should range between 7,800 and 8,020 points. They recommended that dealers and investors take advantage of this predicted decline over the first few sessions of the week to buy …

Daily News Egypt