Egypt | - Part 21

Egypt Equity Markets | 31 Dec 2015: Egypt Equity Market loses EGP 70bn, EGX 30 index 21.5% lower in 2015,

Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity trading ended in a positive mood at the end of today’s session, the last trading session in 2015. The equity market capitalization added nearly EGP 1.1 billion (about US$140.96 million) to end at EGP 429.79 billion (on the purchases of the local retail investors) relatively to the previous market capitalization of EGP 428.689 billion. The Egypt equity market was battered during 2015, amid political and…

Central Bank of Egypt hikes benchmark rates to curb inflationary pressures

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Cairo, Egypt, Capital Markets in Africa — Central Bank of Egypt raised interest rates for the first time in more than a year in an attempt to curb inflation, according to press release by the central bank. The last change to the benchmark rate was a half percentage point cut in January, when the central bank cited a weaker inflation outlook following the plunge in global energy prices. The Monetary Policy Committee, headed by Governor Tarek…

African Stock Market November 2015 Performance: Kenya’s equity gains 4.5%, EGX 30 Index 15.35% lower, Zambian kwacha returns 17.1%

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Lagos, Nigeria Capital Markets in Africa — African stock market performance measured by country equity benchmark index returns ended in negative for the month of November, with five gainers and thirteen losers on the local currency basis. Still on local basis return, the November’s average return of -3.0 percent (relatively to -0.9 percent in October) was recorded across eighteen African stock indices and November monthly returns range from -15.3 percent recorded by the Egyptian equity market (measured by Egyptian EGX 30…

Egypt Equity Markets | 26 Nov 2015: Egypt’s bourse ends on positive note, equities gain EGP 667 million …

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Cairo, Egypt, Capital Markets in Africa —– Egypt Exchange equity trading ended on a positive mood at the end of today’s session. The equity market capitalization added EGP 667 million (about US$85.3 million) to end at EGP 415.592 billion relatively to the previous market capitalization of EGP 414.925 billion. The benchmark index EGX30 gained 36.75 points or 0.58 percent to close at 6,427.82 points. The equal-weighted indexes EGX50 grew by 0.33 percent or 3.66 points to trade at…

Egypt Equity Markets | 25 Nov 2015: Equity Investors smile home with US$192 million, EGX30 Index 1.10% higher ..

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Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity indices ended on a positive note at the end today’s trading session. The equity market capitalization added EGP 1.5 billion (about US$192 million) to end at EGP 414.357 billion relatively to the previous market capitalization of EGP 413.425 billion. The benchmark index EGX30 added 69.68 points or 1.10 percent to close at 6,391.07 points. The equal-weighted indexes EGX50 grew by 0.40 percent or 4.37 points to trade at…

Egypt Equity Markets | 24 Nov 2015: Bear torments the EGX’s equity traders, with loses across the main sectors …

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Cairo, Egypt, Capital Markets in Africa —– The bearish sentiment persisted on the Egypt Exchange equity indices ended at the end Tuesday’s trading session. The equity market capitalization further dropped EGP 5.2 billion (about US$667 million) to end at EGP 413.425 billion relatively to the previous market capitalization of EGP 418.630 billion. The benchmark index EGX30 dropped 129.93 points or 2.01 percent to close at 6,321 points. The equal-weighted indexes EGX50 dipped by 1.81 percent or 20.14 points…

Egypt Equity Markets | 23 Nov 2015: Blood on the Egyptian Exchange trading floor, equity market capitalization drops US$679 million …

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity indices ended in the South Pole and the equity market capitalization dropped EGP 5.3 billion (nearly US$679 million) to end at EGP 418.630 billion relatively to the previous market capitalization of EGP 423.944 billion. The benchmark index EGX30 sagged by 156.21 points or 2.36 percent to close at 6,451.32 points. The equal-weighted indexes EGX50 slumped by 1.83 percent or 20.74 points to settle at 1,113.15 points. EGX70 index, which…

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