Egypt Equity Market |

Egyptian Exchange EGX 30 Price Index Falls 2.5%; COMI EC Leads

CAIRO (Capital Markets in Africa) – The Egyptian Exchange EGX 30 Price Index fell 2.5 percent to 14,583.85. The move was the biggest since falling 2.7 percent on October 16 and follows the previous session’s increase of 0.6 percent. The MSCI Emerging Markets Europe, Middle East and Africa Index declined 2.9 percent. Commercial International Bank Egypt SAE contributed the most to the decline, falling 2.8 percent. Pioneers Holding for Financial Investments SAE decreased 7.4 percent, the biggest loss. The…

Not Even Egypt’s Deadliest Terror Attack Can Faze Stock Traders

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Holders of Egyptian stocks seem to have developed thick skin. The benchmark index rose 0.8 percent in Cairo on Sunday even after more than 300 people were killed in a militant attack in northern Sinai on Friday. “No one is in shock as investors have, unfortunately, become immune to such events,” said Ashraf Akhnoukh, the director of Middle East and North Africa sales trading at Arqaam Capital. Still, “there is…

Busy IPO Season Beckons for Cairo as Reforms Yield Results

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Egypt’s stock market is shaping up to be the Middle East’s hot spot for initial public offerings next year. At least six companies plan IPOs by the end of 2018, following two sales since January, according to data compiled by Bloomberg. That’s a marked increase on the average of three in the past three years as foreign investors fretted that a severe dollar shortage would trap their money. Between…

Market Watch: Egyptian Equity Indices End in Mixed Note, Market Cap up EGP3bn

Posted on by The Editorial Team

Cairo (Capital Markets in Africa) – The Egyptian Exchange (EGX) ended Monday’s (17th July 2017) trading session on a mixed note, as the benchmark index EGX30 rose 1.02%, gaining 140.55 points, and closed at the level of 13,956.32 points. The equal-weighted index EGX50 rose 0.81% to 2,141.02 points. On the other hand, EGX70 declined by 0.75% to the level of 679.46 points, while the broader index EGX100 slipped 0.09% and closed at 1,569.44 points. The…

Egypt Equity Markets | 18 Oct 2015 : Egyptian Equity Markets open the week bearish, EGX3 drops 0.74%, market cap sheds EGP 4.75Mill….

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange Equity Markets indices and sectors started the week bearish trading lower with the main index shedding the gains made at the end of the previous days session. The equity market capitalisation settled at EGP 453,075 shedding EGP 4.759 million from the EGP 457,834 million recorded at the end of the previous week’s trading session. The benchmark index EGX30 dropped by 56.23 points or 0.74 percent to end 7538.22 points from the 7594.45 points recorded previously. The equal-weighted…

Egypt Equity Watch | 29 June 2015: Egyptian equity markets weaken, indices drop, market cap down US$582 million

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets retracted yesterday’s gains by losing EGP 4.4 billion in the market capitalization, which ended at EGP 485.175 billion; relative to EGP 489.615 billion recorded at yesterday’s trading session. As a result of news that Egypt’s Prosecutor General Hisham Barakat and six others have been injured in a bomb attack in Cairo. The benchmark index EGX30 dropped 1.65 percent or 140.45 points to end the day below the 8,500 points barrier…

Egypt Market Watch | 28 June 2015: Egyptian equities strengthen, market cap gains US$457 million.

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets began the week trading on positive note, all the indices and market capitalization ended today’s trading session in green.The market capitalization ended at EGP 489.615 billion; adding EGP 3.5 billion (or US$457 million) relative to EGP 486.133 billion recorded at the previous trading session. The benchmark index EGX30 added 1.26 percent or 105.81 points to end the day above the 8,500 points barrier at 8,511.98 points (-4.64 percent year-to-date…

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