amwalalghad :: EGX

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Money Markets - EGX

Amwal Al Ghad English - 2017-08-19 12:35:27
Egypt attracted around 140 million Egyptian pounds ($7.8 million) worth of net Arab investments in the country’s stock market over the past week. Arab investors were net buyers capturing 8.83 percent of the total market in a week. Meanwhile, non-Arab foreign investors were net sellers controlling 19.03 percent of the total markets, with a net weekly equity of 106.31 million pounds excluding the deals. More»
Islam Salah & Gehad Abdel Ghany - 2017-08-13 12:54:33
Egypt’s Central Securities Depository House (MCDR) says it hopes to complete listing of its sports arm El-Makasa Sport on the country’s SME bourse, NILEX within two years. The listing will finance El-Makasa Sport’s expansion plans, MCDR chairman Mohamed Abdel-Salam said Sunday. More»
Amwal Al Ghad English - 2017-08-12 15:32:57
Egypt attracted around 7.4 billion Egyptian pounds ($416.2 million) worth of net foreign investments in the country’s stock market over the past week. Non-Arab foreign investors were net buyers capturing 13.79 percent of the total market in a week. Arab investors were net sellers controlling 7.81 percent of the total markets, with a net weekly equity of 44.71 million pounds excluding the deals. More»
Islam Salah - 2017-08-08 19:33:49
Cairo-based investment house Naeem Holding announced Tuesday that it will merge its Reacap Financial Investments with real estate developer Wadi Degal Developments, creating a company with a book value of 3.5 billion Egyptian pounds ($197 million). Wadi Degla will have a 74 percent stake in the new company, while Naeem Holding will have 26 percent, Naeem Holding chief executive Youssef Al Far said at a news conference in Cairo. The merger will be carried out by increasing Reacap’s capital, which stood at 500 million pounds, by 300 million shares at a fair value of 11 pounds per share, Far added. The merger deal aims to combine Reacap's mainly administrative activities with Wadi Degla's real estate business and to expand its investment portfolio. Naeem’s CEO further said that he expected the merger to be completed by the end of the current year. More»
Amwal Al Ghad English - 2017-08-07 19:35:48
Around 30 companies could be eventually delisted from Egypt’s stock exchange for having free float lower than the amount required to avoid share trade cancellations, the country’s former market regulator chief said Sunday. Under the Egyptian bourse’s latest rules, companies have to have a minimum five percent free float as long, as the market value of the float is at least 100 million Egyptian pounds ($5.6 million). “The free float amount poses the biggest challenge for the survival of around 30 companies on Egypt’s bourse.” Sherif Samy, former chairman of the Egyptian Financial Supervisory Authority (EFSA) said Sunday in an interview with Reuters. Under the new amendments, companies that do not have at least 5 percent of their shares in free float could face delisting and will be notified within a month of their status, Samy added. The 30 companies face delisting include Orange Egypt, QNB AlAhly Bank, Alexandria Container and Cargo Handling Company, the International Company for Leasing (Incolease), Bank ABC, and National Cement. More»
Amwal Al Ghad English - 2017-08-07 13:11:05
Egypt’s government has picked Reda Abdel Moaty to lead the Egyptian Financial Supervisory Authority (EFSA), the agency responsible for the supervision of non-banking financial markets and instruments. Abdel Muty, will serve as acting chairman of the EFSA, Egyptian Investment Minister Sahar Nasr said Monday. Abdel Muty succeeded Sherif Samy, whose term ended on August 6. Abdel Muty has previously worked as the deputy chairman of EFSA during Samy’s tenure. He joined the EFSA as a legal advisor in 2011. He participated in preparing and drafting several draft laws and regulations related to insurance and other financial, economic and investment aspects, according to the EFSA’s website. Earlier, Abdel Moaty worked as a legal advisor for various entities, including, Suez Canal University, Alexandria Sanitary Drainage Company, and the Ministry of Youth and Sports. He worked in Kuwait as a Legal Advisor from 1999 to 2004. More»
Amwal Al Ghad English - 2017-08-07 10:43:19
Egypt expects to witness three to five initial public offerings before the end of 2017, the Vice Chairman of the country's stock exchange said. In an interview with Reuters, Mohsen Adel said that over the next few years, the stock market would work on attracting more companies by adding new financial instruments including Islamic financing, and switching to a full digital quote system. "A committee will be set up in the stock market within a few days to work on attracting new companies... by informing them of the benefits of registering," Adel said. Around 270 companies are listed on Egypt's stock market and the Nile bourse for small firms. Some 500,000 investors registered to trade though not all are active in the market. "I expect the listing of three to five new companies in the stock market before the end of this year, between medium and large-sized ones," Adel said. Egypt's prime minister appointed Mohamed Farid Saleh as the new chairman of the stock exchange on Sunday, replacing Mohamed Omran whose four year term ends this week. More»
Amwal Al Ghad English - 2017-08-06 18:09:09
Egyptian Prime Minister Sherif Ismail appointed on Sunday Mohamed Farid Saleh as the new chairman for Egypt’s stock exchange. Saleh will succeed outgoing chief Mohamed Omran whose term ends August 6. The new head will start work Monday morning, with four-year tenor that will end in 2021. Saleh, an economist since 2004, was named deputy head of the Egyptian bourse between July 2010 and March 2011, has previously worked as an adviser in the Ministry of Investment. He was responsible for the money market file and following up the bourse development schemes, mainly the launch of the SME bourse; NILEX. More»
Amwal Al Ghad English - 2017-08-05 11:30:37
Egypt attracted around 56 million Egyptian pounds ($3.1 million) in foreign investment in local stock market in a week, according to the weekly report released by the bourse. Local investors were net sellers capturing 71.11 percent of the total market in a week. Meanwhile, non-Arab foreign and Arab investors were net buyers controlling 22.61 percent and 6.27 percent respectively of the total markets, with a net equity of 56.03 million pounds and 29.55 million pounds, respectively, excluding the deals. More»
Islam Salah & Gehad Abdel Ghany - 2017-08-02 15:29:52
Egyptian investment bank FEP Capital said it is lining up share floatations for three or four firms on the country’s SME bourse, NILEX by next year. Two of the firms scheduled for next year’s NILEX listing are operating in the Egyptian industrial sector, with capitals totalling 17 million Egyptian pounds ($953,718), FEP’s chief executive Omar El Maghawry told Amwal Al Ghad on Wednesday. FEP Capital, part of regional First Equity Partners (FEP), has recently completed listing Union Pharmacist Company for Medical Services and Investment (UPMS) on NILEX. The company started listing on July 26. “This is the first listing on NILEX led by FEP Capital for 2017,” vice president Mahmoud Khalifa taking about listing UPMS to Amwal Al Ghad in earlier statement in last July. More»