amwalalghad :: EGX

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2017-09-18 15:52:21
Egypt’s stock trading volumes are expected to blossom between 15 percent and 20 percent after allowing short-selling, designed to improve liquidity, chairman of the stock exchange said Monday. The bourse management is in talks with Egyptian financial regulator (EFSA) and the Egyptian Central Securities Depository House (MCDR) to introduce short-selling before the end of the current year, Mohamed Farid told Amwal Al Ghad on the sidelines of an Euromoney conference. Short-selling -- a strategy in which a speculator sells an asset that he or she does not own in order to profit from a falling market. It had never been used in Egypt’s still-developing stock market due to a lack of technical infrastructure and careful state control of the market, but the bourse has asked regulators to allow dealers to use it for a range of assets. The International Organisation of Securities Commissions (IOSCO) has also reviewed short-selling and securities lending practices across markets and has recommended transparency of short-selling, rather than prohibit it. More»
Amwal Al Ghad English - 2017-09-11 12:06:59
Egyptian financial regulator has approved the stock exchange’s decision to reduce trading halt times to 15 minutes, down from 30 minutes, as of Tuesday’s session, the exchange announced Monday. The decision will lead to a “shortening of the time for which trading can be temporarily halted on a security during a session due to a price change ... and will provide the bourse management the flexibility to increase or decrease halt times within a 15-30 minute range,” it said in a statement. The exchange currently suspends trading on stocks that rise or fall by over 5 percent for more than 30 minutes. It said on Monday the decision to halve the suspension time was aimed at increasing market activity and attracting foreign investors. More»
Islam Salah - 2017-09-09 15:14:01
Egypt’s main stock index, EGX 30 rose 0.13 percent in a week, closing on Thursday at 13,433 points as traders come back from their four-day Eid al-Adha feast break in a good mood. The country’s stock market closed for four days and resumed trading on Tuesday after the Muslim Eid al-Adha feast holiday, which started on August 31st. More»
Amwal Al Ghad English - 2017-08-23 15:00:33
Beltone Financial plans to list its Egyptian index tracker fund on the Nasdaq Dubai exchange and aims to quadruple the fund's value within a year, a company official told Reuters on Wednesday. The EGX 30 ETF fund, which is already listed on Egypt's stock exchange, is now valued at 55 million Egyptian pounds ($3 million). It was revived after the central bank floated the pound in November as part of Egypt's $12 billion International Monetary Fund programme to boost the economy. "We saw large flows into the fund after the liberalization of the exchange rate," Beltone's asset management director, Kareem Naema, added. The fund, which tracks Egypt's blue-chip stock index, closed trade on Tuesday at 13.85 Egyptian pounds, compared with 10 Egyptian pounds in January 2015 when it was first traded. "We've been working over the past three months on listing the index fund on the Nasdaq Dubai. It's going to be a good step for Egypt and to attracting investments to the Egyptian financial market," Naema said. Beltone hopes to increase liquidity in the fund and attract Gulf investors through the listing. It plans to hold investor events in the Gulf, Europe and the United States in September and October in its bid to quadruple the fund's value over the next 12 months, Naema said. He said that Beltone, which manages assets valued at about 30 billion Egyptian pounds, is now finalising the technical steps of the Dubai listing. More»
Amwal Al Ghad English - 2017-08-21 12:02:26
Egypt is restructuring its state commodity buyer, Food Industries Holding Company (FIHC), before studying the possibility of listing it on the Cairo stock exchange, state news agency MENA cited Supply Minister Ali Moselhy as saying on Sunday. "The ministry is currently implementing a massive project to develop and automate all 43 companies under (FIHC)," Moselhy told MENA. More»
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»