amwalalghad :: EGX

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        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        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2018-01-24 11:02:27
The Egyptian Exchange (EGX) opened on a mixed note amid local buying against Arab and foreign selling. By 10:22 am Cairo time, the benchmark EGX30 index slid 0.23 percent or 35.37 points to 15,161.71 points. The Commercial International Bank (CIB) tumbled 0.31 percent to 77.52 Egyptian pounds at a turnover of 155,000 pounds. The EGX70 index added 0.09 percent to 843.16 points, while the EGX100 index edged up 0.02 percent to 2,014 points. The equal-weighted EGX50 index inched up 0.01 percent to 2,710 points. Trading volume stood at about 13.5 million shares exchanged at a turnover of 51.5 million pounds through 1,600 transactions. Egyptian investors were net buyers with 4.3 million pounds, while foreign and Arab investors were net sellers with 1.6 million pounds and 2.6 million pounds, respectively. The EGX is likely to maintain the sideways trend by the end of Wednesday, the last trading session this week, as Thursday is an official holiday in celebration of National Police Day and the 25 January Revolution, analysts told Mubasher. More»
Amwal Al Ghad English - 2018-01-23 07:30:20
The board of the Egyptian Exchange (EGX) has said that the bourse will be closed for holiday on the occasion of the 25 January Revolution and National Police Day. The EGX will resume operations starting Sunday, 28 January, according to a statement released Monday. On the same line, the country’s workforce minister said that Thursday would be an official day off to those working in the public sector. Similarly, the Central Bank of Egypt (CBE) said that 25 January will be an official holiday for banks across the country. More»
Amwal Al Ghad English - 2018-01-22 13:11:44
The Egyptian Exchange (EGX) saw a bearish trend on Monday, pressured by local selling. The benchmark EGX30 index lost 0.63 percent or 96.68 points, closing at 15,243.23 points. The heavyweight Commercial International Bank (CIB) fell 2.18 percent to 77.35 Egyptian pounds at a turnover of 90.3 million pounds. The small- and medium-caps EGX70 index tumbled 1.17% to 838.15 points, while the broader EGX100 index slipped 0.54% to 2,012 points. The equal-weighted EGX50 index went down 0.66 percent to 2,708 points.Market capitalisation closed at 862.5 billion pounds, losing 3.4 billion pounds . Trading volume amounted to about 397.7 million shares exchanged at a turnover of 1.29 billion pounds through 27,880 transactions. Egyptian investors were mostly sellers, netting 137.38 million pounds, while foreign and Arab investors were net buyers with 98.9 million pounds and 38.4 million pounds, respectively. More»
Amwal Al Ghad English - 2018-01-22 07:04:58
Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr el-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors. The government is launching an IPO programme that will offer shares in dozens of state-owned companies over the next three to five years in areas including oil, services, chemicals, shipping, and real estate. The government said previously they expected the first share offering in the first quarter of 2018, in oil company ENPPI. More»
Ahmed Fayez - 2018-01-17 13:51:08
Egypt plans to boost the value of the local bourse’s market capitalisation to reach 3 trillion Egyptian pounds ($169.5 billion) by 2021, Minister of Finance Amr al-Garhy announced Wednesday. The total value of the Egyptian Stock Exchange’s (EGX) market capitalisation currently exceed 800 billion pounds, al-Garhy added in a press conference. Egyptian government plans to launch its U.S. dollar-denominated bonds within the first half of next month, he said. “The value of the bonds will be determined according to the financial needs and fiscal gap of the state budget,” al-Garhy said. “Improvement of financial performance and the increase of the revenues, especially taxes’ revenues came with an improvement in the structure of public spending.” al-Garhy added. More»
Amwal Al Ghad English - 2018-01-15 13:27:04
Health-care and pharmaceutical shares could prove the hottest choices for investors in Egypt’s stock market this year as the country expands its universal health programme, according to Khaled Darwish, money manager at CI Capital Asset Management. Darwish, whose firm oversees more than 9 billion Egyptian pounds ($510 million), is also positive on companies winning contracts on large infrastructure projects and says consumer stocks are recovering from the shock of 2016’s currency devaluation. The fund he helps run delivered gains of almost 45 percent last year, the best performance among 25 local open-ended stock funds, according to figures compiled by the Egyptian Investment Management Association. Egypt’s main stock benchmark advanced more than any other in the Middle East in 2017 as the government moves forward with structural reforms that attracted foreign investors to its debt and equity markets. Positive sentiment toward equities will continue this year as many stocks trade at attractive valuations, while conditions in the Egyptian economy are supportive, Darwish said in a telephone interview from Cairo. More»
Islam Salah & Gehad Abdel Ghany - 2018-01-10 13:32:15
The total value of initial public offerings on Egypt's stock market reached 4 billion Egyptian pounds ($226 million) during 2017, achieved through offering six companies, chairman Mohamed Farid said Tuesday. The IPOs growth has been achieved through a number of procedures taken to include facilitating the listing regulations and continuously communicating with various categories of companies, Farid added during a conference in Cairo. The Egyptian bourse management seeks to increase the number of the IPOs during the upcoming years through expanding the database of the companies or through targeted roadshow activities, he added. Egypt's economic reform and the latest procedures have paved the way to supporting all the sectors reform during the current year. He added that the Egyptian bourse was one of the main sectors that has been positively affected by the structural reforms reflected in the growth of foreign traders’ transaction to record 13 billion pounds since the flotation of the country’s currency in early November 2016. More»
Amwal Al Ghad English - 2018-01-10 08:32:15
The Egyptian Exchange (EGX) is expected to move towards 15,200 and 15,500 points, analysts told Mubasher. Hesham Hassan, head of technical analysis at Acumen for Securities forecast the benchmark EGX30 to maintain the positive performance, targeting 15,200 and 15,500 points, while it has support at 15,000 and 14,700 points. The EGX30 index closed Tuesday’s trading session up on the back of Commercial International Bank (CIB) which surpassed 77 pounds to hover around 82 pounds and 85 pounds, Hassan indicated. The EGX30 index ended Tuesday’s session on a positive note to record a new high at 15,159 with a good turnover on the back of CIB and Sidi Kerir Petrochemicals (Sidpec), market analyst at Mubasher Financial Services (MFS) Shahd Raafat said. The index is still facing key resistance at 15,000 and 15,200 points, Raafat noted. Moreover, market analyst at Pioneers Holding Mohamed Gaballah said that the EGX30 index was able to overcome a wave of profit-taking before the Coptic Christmas holiday. The index is still moving upwardly towards 15,300 points, Gaballah highlighted, adding that the index has support at 15,060 points. The heavyweight CIB is targeting 82 pounds, and it has support at 72 pounds and 77 pounds, he added, pointing out that the stock may test 98 pounds on the medium term if it settles above 82 pounds. The EGX70 small- and medium-caps EGX index is seeing a sideways trend between 815 and 850 points, the analyst highlighted. More»
Islam Salah & Gehad Abdel Ghany - 2018-01-09 10:50:31
Egypt expects an initial public offering of state-owned oil company ENPPI during the first half of the current year, stock exchange chairman Mohamed Farid said at a conference on Tuesday. Egypt plans to embark on its first sale of shares in a state-owned company in 12 years, aiming to raise up to $150 million from a stock market listing of Engineering for the Petroleum and Process Industries (ENPPI) in the first of a series of public offerings. Egypt expects to raise 5-7 billion Egyptian pounds ($276-$387 million) through state-owned company IPOs during the 2017-2018 fiscal year beginning in July, deputy finance minister Ahmed Kouchouk told Reuters earlier in May 2017. A government IPO programme over the next three to five years is expected to offer shares in dozens of state-owned companies in areas such as petroleum, services, chemicals, shipping, maritime and real estate. More»
Amwal Al Ghad English - 2018-01-01 09:20:15
Egypt is moving forward in 2018 with structural reforms that helped make the nation’s assets among the best performers in the Middle East according Bloomberg report Foreign holdings of treasury bills was about $19 billion as of the end of November as authorities removed most currency restrictions and cut subsidies. The main stock gauge, the EGX 30 Index, advanced more than 20 percent this year, double its nearest Middle Eastern contender. The central bank is seen cutting its key interest rate in 2018, according to Khaled Darwish, an equity portfolio manager at CI Capital Asset Management in Cairo, and that will likely prompt more investors to opt for stocks over bonds. Healthcare, infrastructure and consumer shares have the most attractive valuations, he said. More»