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 - 2017-08-07 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»
Amwal Al Ghad English - 2017-08-01 12:28:12
Egypt’s stock exchange is among the best in the world over the past four year as investors shift to emerging markets, its chairman Mohamed Omran said Sunday on the sidelines of a press conference in Cairo. Omran added that the stock market is expected to be on the rise in the coming period, boosted by currency flotation last November. “Foreign investors have bought a net amount of 11 billion Egyptian pounds ($615.90 million) worth of shares since the country floated its currency last November,” Omran confirmed. The Central Bank of Egypt (CBE) floated the Egyptian pound in November to attract foreign capital after years of political instability drained the country’s reserves, and the currency has since more than halved in value. Foreign currency flows have also been boosted after Egypt signed a $12 billion, three-year loan programme with the International Monetary Fund (IMF). Omran also revealed that the stock market has attracted a total of 15 billion pounds in foreign investment since 2013. Omran told Daily News Egypt on the sideline of the conference that the market will introduce new financial tools in the few coming months to attract more foreign investment. “We have a plan for new financial tools which could be able to attract more foreign capital in the few coming period,” he confirmed. Foreign investors are expected to inject free cash in Egypt’s stock market when the CBE embarks on a slew of monetary policy easing in the few coming months, according to a recent report issued by Frontera Research, of which Daily News Egypt managed to obtain a copy. “Investor interest in Egyptian equities is visible in the long run. If inflation declines in the next two to three months and the central bank finds itself in a position to reduce rates thereafter, interest rate sensitive sectors like financial, real estate, and consumer discretionary could see a rise. The first two form 48% of the EGPT’s portfolio,” the report said. Omran also revealed that the IPO since 2013 to 2017 stood at 11 billion pounds. “IPOs in the Egyptian market are the best in the region. Since 2010 to 2013, we have no activities for IPO. But there has been a huge shift in market activity since June 2013,” he added. Omran also revealed that companies have hiked its capital by almost 36 billion pounds in the last four years. “Companies have raised lots of capital through the stock market in the last four years, which is a good sign for the market,” he confirmed. More»
Amwal Al Ghad English - 2017-07-31 11:29:21
Egypt is lifting restrictions on Egyptian investors who buy global depository receipts (GDRs) by purchasing shares on the Cairo exchange in Egyptian pounds, allowing them to receive their returns in U.S. dollars, the bourse chairman told Reuters on Sunday. The bourse said in 2015 returns could only be taken in that same local currency, a move which appeared aimed at eliminating an avenue for acquiring dollars amid a shortage in foreign currency, which has created a black market that the central bank is trying to stamp out. More»
Islam Salah & Gehad Abdel Ghany - 2017-07-30 14:25:20
Egypt’s stock market posted a first half budget surplus worth more than 600 million Egyptian pounds ($33.5 million), confounding market challenges for a deficit, bourse chairman said Sunday. This is the highest surplus the Egyptian bourse has ever achieved in its history triggered by undergoing financing restructuring and cost reduction measures, Mohamed Omran further said in a press conference. Between 2011 and 2013, EGX had gone through a financial deficit worth 40 million pounds, Omran added. More»
Amwal Al Ghad English - 2017-07-30 11:27:18
Foreign investors have bought a net 11 billion Egyptian pounds ($615.90 million) worth of shares since the country floated its pound currency in early November 2016, the stock exchange's chairman Mohamed Omran said Sunday. The central bank floated the Egyptian pound last year to attract foreign capital after years of political instability drained the country's reserves, and the currency has since more than halved in value. Foreign currency flows have also been boosted after Egypt signed a $12 billion, three-year loan programme with the International Monetary Fund. The programme calls for radical economic reforms, including energy price increases and the introduction of a value-added tax. Egypt's stock exchange has attracted a total of 15 billion Egyptian pounds in foreign investment since 2013, Omran told a news conference. Omran told Reuters that the stock exchange expected to start trading in bonds in the first quarter of next year. More»
Amwal Al Ghad English - 2017-07-29 16:27:46
Egyptian and Bombay stock exchanges signed Wednesday a memorandum of understanding aimed at promoting mutual cooperation and exchanging information across both bourses’ business areas. The memorandum is expected to build capital flows and communication channels between the Egyptian Exchange (EGX) and Bombay Stock Exchange (BSE). Through the memorandum, the two bourses have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products, and markets, and to share knowledge and build on 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.” EGX chairman Mohamed Omran said. “We (EGX) … aim to cross list and trade securities that would provide new investment alternatives to investors in both markets”, “The MoU between BSE and EGX represents a significant step in integrating both the exchanges to build capital market flows.” Ashishkumar Chauhan, Managing Director and chief executive CEO of BSE, said. “We are very pleased to sign this memorandum of understanding with one of the world’s oldest stock exchange. We are sure that this integration will go a long way in building both our expertise in product development and strengthening international connectivity.” Chauhan added. More»