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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        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 - 2017-03-02 10:47:12
Egyptian Finance Minister Amr al-Garhy plans to propose a stamp duty on stock market transactions on buyers and sellers starting at 1.25 Egyptian pounds ($0.0774) per 1,000 to the government next week, he told Reuters on Wednesday. The tax would go up to 1.5 pounds per 1,000 in the second year of its implementation and 1.75 pounds in its third. "We will propose next week to the cabinet that the stamp duty comes in steps," Garhy told Reuters. Egypt imposed a stamp duty on buyers and sellers in May 2013, collecting more than 350 million Egyptian pounds ($18.77 million) in revenue before the levy was replaced in July 2014 by a 10 percent capital gains tax. It 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 for three years, until 2020 as part of efforts to draw investors back. "We are working on not affecting the size or value of transactions in the market," Garhy said of the decision to bring the tax about in steps. A senior ministry official had told Reuters on Thursday that the ministry would propose a tax of 2 pounds per 1,000. The proposed tax would have to be approved by the cabinet of ministers before being sent to parliament for a vote. More»
Amwal Al Ghad English - 2017-02-23 15:43:24
Egypt's Finance Ministry is recommending a tax on stock exchange transactions of 0.2 percent on both sellers and buyers, Reuters has cited a senior ministry official as saying. The official said he expected the stamp duty to come into effect before May and to generate revenue of 1 billion to 1.5 billion Egyptian pounds ($63 million to $94.5 million) in 2017/18. "We will send the income tax law amendments in early March to parliament, and they will include imposing a stamp tax on bourse transactions of 4 pounds per 1,000, which will be 2 pounds per 1,000 on the seller and 2 pounds per 1,000 on the buyer," the official said. "We are targeting implementation of that tax before next May," he added. The EGX 30 main index fell by 1.34 percent after the news, but economists said investors would take it well, having expected, and priced in, a higher tax rate. "The stamp tax of 0.2 pct is definitely below market speculation of 0.4 to 0.5 percent, so this is more of a relief for the market, which had been pricing in a much higher rate, said Allen Sandeep, head of research at Naeem Brokerage in Cairo. "While this is an acceptable rate for an emerging market like Egypt, deferment of the tax charge would still be the ideal scenario, given the (current) emphasis on attracting foreign capital," he added. Egypt imposed a stamp duty on buyers and sellers in May 2013, collecting more than 350 million Egyptian pounds ($18.77 million) in revenue before the levy was replaced in July 2014 by a 10 percent capital gains tax. Egypt 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 upheavals. The Higher Investment Council last year extended the suspension of capital gains tax for three years, until 2020 as part of efforts to draw investors back. More than 270 companies are listed on the Egyptian stock exchange and more than 500,000 investors are registered to trade there. More»
Amwal Al Ghad English - 2017-02-16 10:57:40
Stock markets in Europe were lower Thursday morning, with investors pausing for breath after fresh record closes on Wall Street in the previous session. The pan-European Stoxx 600 was 0.32 percent lower with basic resources and insurance stocks the worst performers in early deals. The insurance group NN was at the bottom of the European benchmark after disappointing full-year results. Cobham, the British manufacturing company, was the worst-performing stock in the morning session, down by 21 percent after downgrading its profit guidance. Ex-dividend stocks were also dragging down bourses like the FTSE 100 on Thursday. Meanwhile, Nestle was down by more than 1 percent after lower-than-expected results. Air France-KLM jumped 8.5 percent in early trade after reporting strong earnings. Several airlines moved higher on Thursday, with Intl Consol Air and Lufthansa at the top of the European benchmark. Elsewhere, the Austrian oil and gas company OMV climbed near the top of the Stoxx 600 after hiking its dividend for this year. In other corporate news, German authorities said they weren't satisfied that they were not informed that General Motors planned to sell its ailing European arm to Peugeot according to the Financial Times. Concerns have been raised that it could result in a mass layoff in German factories, a few months away from a federal election. Meanwhile, NATO defense ministers continued with a second-day summit in Brussels on Thursday and foreign ministers of the G-20 are gathering in Bonn, Germany. In terms of data, the European Central Bank is set to release the minutes of its January meeting. Car registrations in Europe rose 10.2 percent year-over-year in January, accelerating from a 3.0 percent rise in December. In France, data showed the unemployment rate dropping to 10 percent at the end of last year. U.S. stocks closed at fresh highs Wednesday for a fifth-straight day as traders continued to bet on a pro-growth agenda under President Donald Trump. More»
Amwal Al Ghad English - 2017-02-15 14:31:09
Egypt and Sydney bourses have signed Wednesday a memorandum of understanding that aims to exchange information across their business areas. Through the MoU, the Egyptian Exchange (EGX) and Sydney Stock Exchange (SSX) shall create possibilities for a range of opportunities aimed to develop their businesses, products, and markets as well as to share knowledge and build on both bourses’ strategies of strengthening international connectivity. “This memorandum of understanding further complements EGX’s strategy to cooperate with global exchanges beyond its traditional markets in Africa, the Middle East, and Europe.” Egyptian bourse chairman Mohamed Omran said. “It is the first time ever that EGX has signed an MoU with an exchange located in Australia. We look forward to a fruitful collaboration with SSX for the benefit of both exchanges, and aim to cross list and trade securities that would provide new investment alternatives to investors in both markets,” he added. “This collaboration will extend SSX’s reach beyond Asia Pacific to Africa and encourage trade and capital flows between Australia and Egypt.” said Tony Sacre, chief executive of Sydney Stock Exchange. “Africa is a strong trade corridor for the Australian and Asian economies.” Sacre added. The Australian official further said that the new partnership with the Egyptian bourse would focus on developing innovative companies and listings in sectors such as mining, oil and gas, real estate, technology, agribusiness, and consumer and business services. More»
Gehad Abdel Ghany - 2017-02-11 18:41:37
Egypt’s main index, EGX 30 climbed 2.41 percent in a week, to close at 13115 points. Market Capitalisation: Egypt's stock market recorded weekly gains worth 12 billion Egyptian pounds ($670.5 million), closing at 634 billion pounds during the closing session of Thursday versus 622 billion pounds at the end of a week earlier. More»
Amwal Al Ghad English - 2017-02-01 19:36:46
Egypt’s stock market slightly went lower on Wednesday on local and Arab investors’ selloff. Main index, EGX 30 fell 0.70 percent, to 12584.26 points, taking its losses since hitting a record-high close on Jan. 17 to 6.3 percent. "This is still not a deep correction and the pullback is the normal course of action following three months of strong gains," a Cairo-based stock broker told Reuters. More»
Amwal Al Ghad English - 2017-01-26 15:02:54
Egypt’s stock market surged Thursday on the back of the success of the country’s international sovereign bond issue. Main index, EGX30 climbed 1.62 percent, to 13091.05 points. Other indices; EGX50 EWI index hiked 1.79 percent, to 1992.8 points; EGX20 grew 1.86 percent, to 12617.09 points. Mid- and small-cap index EGX70 added 0.61 percent, to 478.48 points. Price index, EGX100 also rose 1.99 percent, to 1180.63 points. More»
Amwal Al Ghad English - 2017-01-24 14:22:05
Egyptian stock market edged lower on Tuesday with losses estimated at 2 billion Egyptian pounds on local and Arab selling pressures. Market capitalisation reached 618.787 billion pounds during the closing session of Tuesday. More»
Amwal Al Ghad English - 2017-01-23 14:14:28
Egyptian stock market edged higher on Monday with gains estimated at 9.1 billion Egyptian pounds on foreign buying appetite. The market capitalisation recorded 620.841 billion pounds during the closing session on Monday. More»
Amwal Al Ghad English - 2017-01-22 14:34:24
Egyptian stock market started the week lower with losses estimated at 795 million Egyptian pounds on local selling pressures. The market capitalisation recorded 611.726 billion pounds during the closing session of Sunday. More»