Egypt | - Part 26

African Stock Markets Today : Ten End in Red Zone, Seven in Green District

Today’s Slackers Rwandan All Share Index shed off 3.90 percent to close at 186.72 and Namibia Overall Share Index plunged by 3.65 percent. While Moroccan All Shares index sagged by 0.67 percent to settle at 9,155.76 points with market capitalization of MAD 467.926 billion and Botswana Composite Index went down by 0.40 percent at … Also Ghana Composite Index edged down by 0.27 percent, Tanzania All Share Index plunged by 0.25 percent, Zimbabwe Industrial Index fell by 0.19 percent, Kenyan NSE All Shares Index slumped by 0.15 percent and Ugandan…

Meaningful African markets for investment

Posted on by The Editorial Team

Africa is not a single investment destination with a single set of standardised risk factors and homogenous potential for reward. Although some high-level similarities are evident, digging into the specifics of certain regions and countries show that Africa is comprised of a range of distinct investment destinations; each with its own attractions, challenges, cultural differences and business practices. Investors looking at Africa for the first time typically look at the largest economies by GDP or…

Egypt Equity Markets | 22 Sep 2015 : Egyptian Equities benchmark index EGX30 gains by 61.29bps, market cap loses EGP 7.62mill….

Posted on by The Editorial Team

Egypt, Capital Markets in Africa –— Egyptian Exchange equity trading saw gains on the indices but a 30 percent drop in price gainers at the end of the days trading session. The equity market capitalization ended at EGP 448,324 billion (US$57,477 million) recorded at the end of the previous days trading session losing EGP 7.621 million from its previous close of EGP 455,945. The benchmark index EGX30 gained by 61.29 points to end 7,346.85 points or 0.84 percent…

Egypt Equity Markets | 21 Sep 2015 : Egyptian Equities continue to advance, EGX30 up 0.70%, market cap tops EGP 455 mill….

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading continued to advance at the end of todays trading session, with several indices including the benchmark index surging forward as trading entered its second day of the week. The equity market capitalization ended at EGP 455,945 billion (US$58,429 million) recorded at the end of the previous days trading session. The benchmark index EGX30 gained by 50.85 points or 0.70 percent to end 7285.85 points from 7234.46 points…

Zimbabwe Equity Markets | 18 Sep 2015: ZSE Industrial Index down, foreign sales outstrip foreign buys, market cap drops US$3 mill….

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Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index was down by 0.0014 points or 0.11 percent to close at 133.83 points with foreign sales outstripping foreign buys in the days session. The ZSE Industrial index stood at 17.78 percent on a year-to-date basis. The market capitalization ended at US$3.496 billion after losing US$ 3 million relative to previous market capitalization of US$3.499 billion. The market activity today recorded a turnover of US$533,884 exchanged in 10 traded securities…

Egypt central bank keeps its interest rates unchanged at 9.75 percent

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — In its meeting held on September 17, 2015, the Central Bank of Egypt (CBE) Monetary Policy Committee (MPC) decided to keep the overnight deposit rate, overnight lending rate, and the rate of the CBE’s main operation unchanged at 8.75 percent, 9.75 percent, and 9.25 percent, respectively. The discount rate was also kept unchanged at 9.25 percent. According to the statement issued by the CBE, the headline Consumer Price…

Egypt Equity Markets | 17 Sep 2015 : Egyptian Equities benchmark index EGX30 up 0.02%, market cap gains EGP 354 mill….

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading remained in bearish mood at the end of todays trading session, as several indices declined despite a slight increase in the benchmark index. The equity market capitalization ended at EGP 447,422 billion (US$57,361 million) gaining EGP 354 million (US$45.38 million) from the EGP 447,068 billion recorded at the end of the previous days trading session. The benchmark index EGX30 gained by 1.45 points or 0.02 percent to end 7267.52 points. Conversely, the equal-weighted…

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