Egypt | - Part 23

Egypt Equity Markets | 09 Nov 2015: Bear mood on the EGX, all sector indices in red, market cap US$571 million down …

Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session moved lower for the second successive trading sessions. The market capitalization closed at EGP 439.232 billion after gaining EGP 4.6 billion (US$571 million) relatively to EGP 443.807 billion recorded at the previous trading session. The benchmark index EGX30 plunged by 2.58 percent or 194.50 points to end 7,347.22 points. The equal-weighted indexes EGX50 dropped 3.48 percent or 44.23 points to settle at 1,228.16 points (with a…

Egypt Market Watch | 05 Nov 2015: Positive mood stays on, all sector indices in green, shareholders value US$449 million up …

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Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session stayed in the southward region after EGX30 index hit its 3-week high. The market capitalization closed at EGP 452.309 billion after gaining EGP 3.6 billion (US$449 million) relatively to EGP 448.694 billion recorded at the previous trading session. The benchmark index EGX30 added 1.23 percent or 91.36 points to end 7,541.72 points. The equal-weighted indexes EGX50 grew by 1.66 percent or 20.79 points to settle at…

Egypt’s economic and fiscal conditions are improving, but large financing needs ….

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Cairo, Egypt, Capital Markets in Africa — Reforms have sparked improvements in Egypt’s (B3 stable) public finances and economic conditions, but challenges remain, says Moody’s Investors Service in a report published on 3rd November 2015. The rating agency notes that the challenges include the government’s large financing needs, structural economic issues such as high unemployment and inflation, and elevated political risks. The rating agency projects real GDP growth of 5.0% for the current fiscal year…

Egypt Market Watch | 04 Nov 2015: Egyptian exchange equity moves to green districts, pull by financial sectors …

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Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session advanced to the positive territory, key indices and market capitalization in the green zone. The market capitalization closed at EGP 448.694 billion after gaining EGP 117 million (US$14.5 million) relatively to EGP 448.577 billion recorded at the previous trading session. The benchmark index EGX30 added 0.23 percent or 17.40 points to end 7,450.36 points. The equal-weighted indexes EGX50 grew by 0.11 percent or 1.39 points to…

Egypt Market Watch | 03 Nov 2015: Egyptian exchange equity indices end in red, market cap depletes by US$55 million

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Cairo, Egypt, Capital Markets in Africa — On Tuesday, the Egyptian Exchange equity trading session ended in the red zone. The market capitalization closed at EGP 448.577 billion after dropping EGP 433.6 billion (US$54.8 million) relatively to EGP 449.011 billion recorded at previous trading session. The benchmark index EGX30 sagged by 0.02 percent or 1.73 points to end 7,432.96 points. The equal-weighted indexes EGX50 edged own by 0.05 percent or 1.20 points to settle at 1,250.21 points (with a…

African Stock Market October 2015 Performance: South African equity best performer for local and foreign investors in October, BRVM YTD leader …

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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 October, with six gainers and twelve losers on the local currency basis. Still on local basis return, the October’s average return of -0.9 percent was recorded across eighteen African stock indices and October monthly returns range from -6.6 percent recorded by the Kenyan equity markets (measured by NSE All Share Index) to +7.4 percent registered by the South African…

Egypt Equity Markets | 19 Oct 2015 : Egyptian Equity Markets rally, EGX3 up 1.11%, market cap sheds EGP 4.75Mill….

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Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange Equity Markets rallied today as indices and sectors traded up with the main index making marginal gains at the end of the 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 rose by 83.45 points or 1.11 percent to end 7621.67 points from the 7538.22 points recorded previously. The equal-weighted index EGX50 lost by 22.92 points or…

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