amwalalghad :: EGX

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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 - 2017-06-28 12:27:52
Egypt’s new stamp duty on stock exchange transactions has come into effect on Wednesday The duty has been set at 1.25 Egyptian pounds per 1,000 for the first year of the tax's introduction, rising to 1.5 pounds in the second year and 1.75 in the third. More than 270 companies are listed on the Egyptian stock exchange and more than 500,000 investors are registered to trade there. The finance ministry is targeting revenues of 1-1.5 billion Egyptian pounds ($54.8 million-$82.2 million) in the first year of the new tax, deputy finance minister Amr al-Munayer said in a telephone interview with Reuters last March. Egypt imposed a stamp duty on buyers and sellers in May 2013, collecting more than 350 million Egyptian pounds in revenues before the levy was replaced in July 2014 by a 10 percent capital gains tax. The government suspended the capital gains tax in May 2015 for two years, under pressure from investors. They said it was discouraging business just as Egypt was struggling to recover from a plunge in confidence after a 2011 uprising and subsequent political upheaval. The Higher Investment Council last year extended the suspension of capital gains tax until 2020 as part of efforts to draw investors back. Instead, Egypt plans to revive the stamp duty as part of an economic reform programme that helped it win a $12 billion three-year loan from the International Monetary Fund. More»
Amwal Al Ghad English - 2017-06-22 15:21:47
Egypt’s stock market rose on Thursday as the country prepares to celebrate the Muslim holiday of Eid next week when trading closes. Cairo main index, EGX 30 closed 0.30 percent higher, to 13,417 points. The Egyptian Exchange (EGX) announced that trading will be closed from June 25 to June 27 on the occasion of Eid Al Fitr. Trading will resume on 28 June. More»
Amwal Al Ghad English - 2017-06-15 15:28:50
Egypt expects to raise up to $150 million from the initial public offering of oil company Enppi as the government pushes ahead with a plan to sell stakes in state-controlled companies. Managers for the sale of 22 percent to 24 percent of Engineering for the Petroleum & Process Industries will be hired next month, said Ashraf Ghazaly, chief executive officer of state-owned investment bank NI Capital that’s advising the government on its IPO program. He said authorities are also studying selling stakes in companies in oil and gas, chemicals, utilities and shipping, possibly generating "billions of dollars." The IPO program has the potential to be "very successful, but we need to move a lot faster" on obtaining clearances from the government, Ghazaly said in an interview at his Cairo office. "I can now say with confidence after studying a big number of companies that we have a lot of very good assets and we can create depth in the stock market." The stake sales are part of broader efforts to revive an economy battered by unrest since the 2011 Arab Spring uprisings. Inflows have surged since Egypt’s central bank abandoned currency controls in November to secure a $12 billion International Monetary Fund loan. Egypt is expected to have the best year for IPOs ever in 2017, the stock exchange chairman said in March. The benchmark EGX 30 Index has gained 58 percent in local currency terms since the decision to float the pound in November and average daily volumes have jumped, boosted by foreign participation. The government completed the listing of Banque Du Caire SAE earlier this year, and plans to raise about 7.2 billion pounds ($400 million) from a stake sale that hasn’t been scheduled yet. More»
Amwal Al Ghad English - 2017-06-10 14:30:27
Egypt’s main stock index, EGX 30 edged up 1.6 percent in a week, closing on Thursday at 13,683 points. Market Capitalisation: The country’s stock market recorded weekly gains worth 7.7 billion Egyptian pounds ($424.6 million), closing at 686.339 billion pounds during the closing session of Thursday, from 678.625 billion pounds at the end of a week earlier.Indices In addition, the mid- and small-cap index, the EGX 70 jumped 6.3 percent in a week closing at 609 points during Thursday's session, compared to 573 points at the end of a week earlier. More»
Amwal Al Ghad English - 2017-06-05 13:45:26
Egyptian non-oil private-sector activity contracted for the 20th consecutive month in May as output and new orders continued to decline, although the cheaper currency helped lift exports, a survey showed on Monday. The Emirates NBD Egypt Purchasing Managers' Index (PMI) for the non-oil private sector stood at 47.3 points in May, down from 47.4 points in April, a slight deterioration amid continued economic struggle, the report showed. Output continued to decline for the 20th month in a row, reaching 46 points in May from 46.2 points a month earlier as demand and economic conditions failed to improve. More»
Amwal Al Ghad English - 2017-05-30 11:43:28
Egypt expects to apply a stamp duty on stock exchange transactions during the first week of June, Amr al-Munir, deputy finance minister for fiscal policies, told Reuters Arabic. The House of Representatives' Budget Committee approved a week earlier a draft law submitted by the government that would impose stamp duty on stock exchange transactions, to be paid by buyers and sellers. The duty has been set at 1.25 Egyptian pounds per 1,000 for the first year of the tax's introduction, rising to 1.5 pounds in the second year and 1.75 in the third. The measure, approved by the Egyptian Cabinet in March and originally expected to come into effect this month, must still be approved by parliament. More than 270 companies are listed on the Egyptian stock exchange and more than 500,000 investors are registered to trade there. More»
Mohamed Hamdy - 2017-05-28 14:55:27
Egypt’s Shariah-compliant leasing firm, A.T. Lease has postponed plans for a Cairo listing until the fourth quarter of the current year. The company was supposed to list 15 percent of its shares on the country’s bourse within the second quarter but preferred to postpone due to the current market changes that occurred following the pound floatation move in early November. A.T. Lease has completed reassessing its shares and the auditor is revising the fair value before submitting it to the market regulator and the Egyptian bourse administration, chief executive Tarek Fahmy told Amwal Al Ghad on Sunday. “So far, the IPO will be before the end of 2017, but in case of witnessing new market updates, may be then we’ll have to take the postponement decision.” Fahmy said. A.T. Lease was ranked first in terms of the country’s market share, recording a 13.4 percent at the end of March, according to the Egyptian Financial Supervisory Authority’s latest report. More»
Ahmed Fayez - 2017-05-27 13:01:02
The Egyptian Exchange (EGX) will host the African Securities Exchanges Association’s (ASEA) annual meetings next November, its chief Mohamed Omran announced Thursday. The ASEA’s event is expected to be organsied in Egypt under the auspices of the Egyptian prime minister, Omran added. The association, formed in 1993, aims at developing member exchanges through provision of a platform over which exchange of information is carried out. The 20th African Securities Exchanges Association annual summit was held in Kigali, Rwanda, last year, when the association chose EGX chairman Omran as head of the capital markets standards committee for the third time in a row. The capital markets standards committee is tasked with standardising the criteria on which African stock exchanges depend to issue their statistics. More»
Islam Salah & Gehad Abdel Ghany - 2017-05-25 12:29:15
Egypt’s financial advisor NI Capital is expected to reveal the name of the banking winner for the state-owned Enppi’s planned initial public share offering in early June. “NI Capital is likely to announce the investment bank that wins a mandate on Enppi’s listing of 24 percent of shares on the country’s bourse by early next June.” a senior source with knowledge told Amwal Al Ghad. Beltone Financial Holding and Prime Holding are among investment banks seeking to win a role in Enppi’s IPO, which should be complete between 6-9 months. Egyptian presidency announced in early January 2016 that Egypt would offer shares of "successful" state-owned companies and banks on the local bourse - its first public offering of government-owned firms since 2005, when it offered shares in Telecom Egypt, AMOC, and Sidi Kerir. Enppi was established in 1978, and is currently working under the Egyptian Investment Law 8 for 1997, with a paid in capital of $220 million. The state-run Egyptian General Petroleum Corporation (EGPC) is the principal shareholder owning 97 percent of the total shares. Enppi is a major engineering and EPC contractor that provides full integrated engineering, procurement, construction supervision, and project management services for oil and gas, chemical, petrochemicals, power sectors and other related industries in Egypt, Middle East, North Africa, and South America. “We seek to complete selecting the consultant for the listing between four and six weeks.’ Ashraf Ghazaly, chief executive of NI Capital, told Amwal Al Ghad in recent statements. More»
Islam Salah & Gehad Abdel Ghany - 2017-05-18 13:45:10
Egypt’s investment bank Prime Holding studies submitting a formal proposal to NI Capital to win a mandate on the state-owned Enppi’s planned initial public share offering, its vice chairman Mohamed Maher said Thursday. NI Capital is the state financial advisor, seeking to complete listing 24 percent of oil firm Enppi’s shares on the Egyptian stock exchange between six and nine months. It has earlier invited local and international investment banks to submit their technical offers in order to win the management of Enppi’s IPO. Prime is conducting studies before submitting the technical and financial offer to promote and underwrite Enppi’s IPO, Maher added. “Making an alliance with another investment bank to run the IPO is still understudy subject to a number of standards and conditions related to the offering.” Prime’s vice chairman further told Amwal Al Ghad. The presidency announced in January 2016 that Egypt would offer shares of "successful" state-owned companies and banks on the local bourse - its first public offering of government-owned firms since 2005, when it offered shares in Telecom Egypt, AMOC, and Sidi Kerir. Enppi was established in 1978, and is currently working under the Egyptian Investment Law 8 for 1997, with a paid in capital of $220 million. The state-run Egyptian General Petroleum Corporation (EGPC) is the principal shareholder owning 97 percent of the total shares. Enppi is a major engineering and EPC contractor that provides full integrated engineering, procurement, construction supervision, and project management services for oil and gas, chemical, petrochemicals, power sectors and other related industries in Egypt, Middle East, North Africa, and South America. “We seek to complete selecting the consultant for the listing between four and six weeks.’ Ashraf Ghazaly, chief executive of NI Capital, told Amwal Al Ghad in recent statements. More»