Egypt

Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange continued in the North Pole at the end of today trading session. The equity market capitalization added EGP 4.8 billion (nearly US$596 million) to end at EGP 423.117 billion relatively to the previous market capitalization of EGP 418.348 billion.   The benchmark index EGX30 grew by 2.43 percent or 155.00 points to close at 6,568.97 points to reach its most high level in eleven weeks. The equal-weighted indexes EGX50 surged…

Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange returned to the North Pole at the end of Wednesday’s trading session as both indices and market capitalization ended higher. The equity market capitalization added EGP 882 million (nearly US$110 million) to end at EGP 418.348 billion from EGP 417.466 billion recorded at the previous day trading session.   The benchmark index EGX30 grew by 6.64 points or 0.10 percent to end 6,413.97 points. The equal-weighted indexes EGX50 added 0.61 percent…

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading ended in the negative zone as both the indices and market capitalization closed lower. The equity market capitalization shed off about EGP 1.38 billion (nearly US$230 million) to end at EGP 417.466 billion from EGP 419.269 billion recorded at the previous day trading session.   The benchmark index EGX30 slid by 73.32 points or 1.13 percent to end 6,407.33 points. The equal-weighted indexes EGX50 slumped by 0.61 percent or…

Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange equity trading started the week on a mixed note after the equity market capitalization gained EGP 1.38 billion (nearly US$172 million) to end at EGP 419.269 billion from EGP 417.889 billion recorded at the previous day trading session.  However, the benchmark index EGX30 sagged by 76.10 points or 1.07 percent to end 7,158.10 points. The equal-weighted indexes EGX50 soared by 0.44 percent or 4.85 points to settle at 1,102.30 points. EGX70…

Cairo, Egypt, Capital Markets in Africa — The market capitalization to close at EGP 425.237 billion after losing EGP 704 million (US$90 billion) relatively to EGP 424.533 billion recorded at the previous trading session.  The benchmark index EGX30 added 0.07 percent or 4.77 points to end 6,806,67 points. Equally, the equal-weighted indexes EGX50 grew by 0.46 percent or 5.28 points to end at 1,151.97 points (with a year-to-date of -35.97 percent). EGX70, which measures small and mid-cap index, rose by 0.81…

Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange (EGX) equity extended losses for the fourth day in a row at the end of Wednesday’s trading session. The market capitalization to close at EGP 424.533 billion after losing EGP 1.3 billion (US$162 million) relatively to EGP 425.828 billion recorded at previous trading session.  The benchmark index EGX30 fell by 0.33 percent or 22.84 points to end 6,801.90 points. Equally, the equal-weighted indexes EGX50 fell by 0.52 percent or…

Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange (EGX) indices headed south on Tuesday amid institutions selling spree, which pushed the market capitalization to close at EGP 425.828 billion after dropping EGP 13.4 billion (US$1.7 billion) relatively to EGP 439.232 billion recorded at previous trading session.  The benchmark index EGX30 sagged by 4.40 percent or 314.07 points to end 6,824.74 points, its lowers level since 23 August 2015. Equally, the equal-weighted indexes EGX50 dropped 4.22 percent or 50.82…