Latest in Tag: trading Highlight

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Latest in Tag: trading

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Pharos Holding announces new chaperone partner for trading in US

Pharos Holding for Financial Investments announced on Wednesday that, starting 15 March, their brokerage division, Pharos Securities Brokerage, will be operating with Exotix USA, Inc as its chaperone partner in meeting and trading with clients across the USA. Commenting on the announcement, Elwy Taymour, Pharos chairperson and co-CEO, said that the group is looking forward …

Daily News Egypt

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US dollar squeezed by cautious Fed

The US currency has suffered painful losses in Asian trading while sovereign bonds gained strongly after the US Federal Reserve raised interest rates, but signaled no pick-up in the pace of tightening.Asian investors breathed a sigh of relief on Thursday as fears for faster US interest rate hikes diminished and political upheaval in Europe failed …

Deutsche Welle


MSCI moves horizontally, approaches 870 points during week’s trading

The MSCI index has moved within a limited range during last week’s trading, increasing to 869.8 points from 867.84—a 0.23% increase. The performance of the index was moving horizontally during last week’s sessions after starting the week with increases, approaching 868 points during Monday’s session, then approaching 870 points during Tuesday’s session. MSCI managed to …

Daily News Egypt


MSCI achieves strong 4.7% increase in past week’s trading

MSCI index registered a remarkable increase of 4.7%, rising from 828.84 points to 867.84 points in last week’s trading. MSCI index rose 2.16% during Monday’s session and then decreased to 0.87% in Tuesday’s session. MSCI registered an increase of 0.27% in Wednesday’s session, then 1.12% and 0.22% increases on Thursday and Friday sessions respectively.

Daily News Egypt

EGX30 plummeted more than nine per cent on Sunday, 25 November. (DNE/ Mohamed Omar)

EGX expected to range from 7,550 to 7,600 points during Sunday trading

Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, ranging between 7,550 and 7,600 points during the Sunday session. A steady session is expected after the good performance of the stock market in the previous week. The analysts had said that the market was expected to break its sideways trend during …

Mohamed Ahmed

Egypt’s Al Nouran sugar project secures Islamic financing

Reuters – Egypt’s Al Nouran sugar production facility, an EGP 2.5bn ($357m) project, could begin operations in 2016 after securing a Sharia-compliant financing package, the project sponsors said on Monday. Al Nouran is expected to refine more than 500,000 tonnes of sugar annually, potentially reducing the country’s reliance on imported sugar by up to 25%, …

Daily News Egypt

Private equity firm Actis reduces stake in Egypt’s CIB

Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …

Daily News Egypt