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Manufacturing index decreases by 2.6% during September: CAPMAS

The index of manufacturing (excluding crude oil and petroleum products) fell to 122.95 during September, compared to 126.25 during August—a decrease of 2.6%, due to the fall of activities during the Eid Al-Adha holiday. A recent report issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) on the metadata of the production index …

Hossam Mounir

Egypt bourse rebounds

Reuters – Egypt’s index, which had lost 8% of its value in the previous three sessions, rebounded on Tuesday to close 1.5% higher. The dip was a result of profit-taking by investors who had built up positions in anticipation of former army chief Abdel Fattah Al-Sisi’s run for president. Sisi, who investors hope will stabilise …

Daily News Egypt

Egypt regulator rets rules for index, real estate funds

Reuters – Egypt’s financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules. Sherif Samy, head of the Egyptian Financial Supervisory Authority, said the changes would increase liquidity in the market and …

Daily News Egypt

Egypt Hits 5-year high on Election Law talk; Q4 reports hurt Dubai

Reuters – Egypt’s bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin on Wednesday, while Dubai’s shares fell in profit-taking after mixed earnings reports. Cairo’s Al-Ahram said an administrative court, under the mandate of the 2014 constitution, would start discussions on the draft …

Daily News Egypt

Egypt index falls after deadly car bombing, Dubai hits resistance

By Olzhas Auyezov – Reuters Egyptian stocks have been on the rise since the ouster of former president Mohamed Morsi in July, driven largely by local retail investors who support the new army-backed government – but are wary of any escalation of violence. “Yesterday was a dramatic day and the country has entered a period …

Daily News Egypt

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