Latest in Highlight
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 …
Petroleum Ministry implements plan to expand the ports, establish petroleum storage and trading projects
CPA calls for study for the final price
The market is expected to benefit from a support level of 10,900 points and targets 11,550 points
Analysts and technical reports predict that stability on this level will make EGX move to 9,000 points this week
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 …
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.
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 …
Shares in Japanese gaming giant Nintendo have extended their week-long rally as investors ride the coattails of the Pokémon Go craze sweeping across the globe, with an estimated 65 million user already playing the game.
At the beginning of this week, the index started at 838 points, amid a contrasting performance.
EGX closed at 7,182.8 points on Monday, with a 2.88% increase.
The EGX closed on Thursday at 6,942.52 points, with a 0.15% increase.
New project aims to trade up to 1m tonnes of grain by year’s end
Edita recorded net profits of EGP 148.2m in H1 of 2015
Egyptians control 80.94% of value traded during quarter, non-Arab foreign investors accounted for 13.17%, Arab investors captured 5.89%
Trading day delayed for a minute to mourn lost Egyptian lives
Four companies have already listed in the market during 2014, with more to follow
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%, …
Agreement aids in addressing critical market demand for trade finance in Africa, the bank says
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 …
Strategy involves modernising Egyptian market and overcoming current obstacles it faces
Benchmark index hits 5765.8 points, expected to move upward over coming period
EGX 30 experiences collective decline of stock market indicators as trading closes on Sunday, reaching 4915.96 points