Egypt | - Part 16

Egypt Market Watch | May 17th 2015: EGX indices slip and market cap EGP 960m down

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices open the week on a negative mood, while market capitalization lost nearly EGP 960 million to close at EGP 481.727 billion. On similar note, Sunday’s traded volume amounted to 158.3 million shares, exchanged at turnover of EGP 352.214 million. Foreign investors were net buyers by EGP 44.4 million while National and Arab traders were net sellers by EGP 21.4 million and EGP 23.1 million, respectively….

Egypt Market Watch | May 14th 2015: Blood continues on Egypt’s equity markets Street

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) plunged further today to its five-week lowest, and shedding off nearly EGP 9.6 billion of its capitalisation to close at EGP 482.232 billion, as investor sentiment continues over the uncertain about the proposed capital gains tax. The benchmark index EGX30 fell 2.52 percent or 214.91 points to close at 8526.43 points; its lowest level since 17 December, 2014. This amounted to a year-to-date performance of…

Egypt Market Watch | May 13th 2015: Blood on Egypt’s equity markets Street

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices collectively end in red on Wednesday while the market capitalization shed nearly EGP 6 billion to close at EGP 491.8 billion, pressured by the decline of blue chips. The benchmark index EGX30 fell 1.7% or 147.91 points to 8,526.43 points. The small and mid-cap index EGX70 lost 2.33% to 453.85, while the broader EGX100 index slid 1.53% to 944.43 points. Likewise the EGX20 capped index plummeted…

Egypt Market Watch | May 12th 2015: Egyptian equities shed off about EGP 1.4 billion

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices ended Tuesday’s trading on southward, due to uncertainty on the government decision on the controversial capital gains tax and pressured by institutional sell-offs. The Egyptian equity market capitalisation shed off about EGP 1.4 billion to settle at EGP 497.8 billion. Likewise, the benchmark index EGX30 fell 0.20%, or 17.51 points to close at 8674.34 points. Also, the small and mid-cap index declined by 0.91% to…

Egypt Market Watch | May 11th 2015: Egyptian Stock Exchange ends on negative territory

Posted on by The Editorial Team

The Egyptian Stock Exchange (EGX) ended on negative territory with market capitalization lost about EGP 147 million to close at EGP 499.285 billion. The benchmark index EGX30 remained flat to close at 8,691.85pts as a result of weak trading volume and thin liquidity. The small and mid-cap index EGX70 went down by 0.25% to 468.97 points and the broader EGX100 edged down by 0.36% to 965.07 points. The market sentiment was negative today (measured as…

Egypt Market Watch May 10th 2015: Egypt Equities lose EGP 2.2bn on dull trades

Posted on by The Editorial Team

The Egyptian Exchange (EGX) indices retreated collectively on Sunday amid a lack of positive catalysts, while the market capitalization lost nearly EGP 2.2 billion ($289.6 million). The benchmark index EGX 30 index erased its early gains, falling 0.58% or 50.4 points to 8,692 points. While the small and mid-cap index EGX 70 index lost 0.2% to 470.15, and the broader EGX 100 declined 0.01% to 968.53 points. Sunday’s turnover amounted to EGP…

Egyptian Stock Exchange recorded EGP 79.8bn turnover in first quarter of 2015

Posted on by The Editorial Team

The total value of stocks traded in the first quarter (Q1) of 2015 registered EGP 79.8bn, compared to EGP 64.9 billion the previous quarter (Q4 of 2014), according to quarterly report issued by the Egyptian Stock Exchange. Also the report, stated that the stocks trading accounted for 68.54% of the total value traded of the main market, while the remaining 31.46% were captured by bonds over the quarter. In the report, the total volume traded…

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