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

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»
Amwal Al Ghad English - 2017-05-16 12:05:00
Egypt is expected to apply a stamp duty on stock exchange transactions from early next month, Amr al-Munir, deputy finance minister for fiscal policies, told Reuters on Monday. The House of Representatives' Budget Committee approved 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 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»
Islam Salah - 2017-05-14 14:02:30
Egypt’s investment bank CI Capital is planning to make two new initial public offerings in the local stock market at the end of this year, its chief executive Mahmoud Attalla said Sunday. CI Capital is also seeking to increase its assets under management to 10 billion Egyptian pounds ($554 million) from 8 billion pounds at the end of 2017, Attalla added in an investment conference in Cairo. More»
Islam Salah & Gehad Abdel Ghany - 2017-05-10 17:27:23
Egypt’s investment bank Beltone Financial Holding has submitted a formal proposal to NI Capital to win a mandate on the state-owned Enppi’s planned initial public share offering, its managing director Maged Shawky announced Wednesday. 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. 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»
Ahmed Ali, Islam Salah & Gehad Abdel Ghany - 2017-05-07 14:47:40
Egypt’s financial advisor NI Capital is planning to complete listing 24 percent of state-owned oil firm Enppi’s shares on the local stock market between six and nine months. “Enppi’s listing on the bourse should be complete between 6-9 months.” Ashraf Ghazaly, chief executive of NI Capital, said Sunday. NI Capital has earlier invited local and international investment banks to submit their technical offers in order to win the management of Enppi’s IPO. “We seek to complete selecting the consultant for the listing between four and six weeks.’ Ghazaly added. The presidency announced in January 2016 that Egypt would soon 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. More»
Islam Salah - 2017-05-01 15:17:42
Egypt’s stock market ended April with heavy monthly losses despite several initial public offerings it witnessed during the month. Market capitalisation incurred losses worth 6 billion Egyptian pounds ($331.1 million), closing at 648.717 billion pounds last Thursday, 1 percent lower from 654.825 billion pounds at the end of a month earlier. On April 11, shares of MM Group for Industry and International Trade have started trading on the Egyptian bourse. The company set a share price of 5.96 pounds ($0.33) in this week's private and public share offerings, and has raised 708 million pounds from selling 30 percent of its shares. The initial public offering for MM Group has been covered around 19.27 times. MM Group distributes several international brands in Egypt including Vodafone, Samsung Electronics, Jaguar, Land Rover, and Ferrari. Later, Shares in Raya Contact Center Co has started trading on April 27 after the company sold a 49 percent stake to investors. The initial public offering of Raya Contact Center was covered 10.36 times. Raya Contact Center, which was founded in 2001 and provides outsourcing services to Europe and the Middle East, closed its private placement on April 12 after it was oversubscribed four times. More»
Amwal Al Ghad English - 2017-04-29 17:48:28
Egypt’s main stock index, EGX 30 tumbled 2.95 percent in a week, closing on Thursday at 12,526 points. Market Capitalisation: The country’s stock market recorded weekly losses worth 8.35 billion Egyptian pounds ($462.5 million), closing at 655 billion pounds during the closing session of Thursday, 1 percent lower from 63 billion pounds at the end of a week earlier. More»
Islam Salah, Islam Abdelhameed & Gehad Abdel Ghany - 2017-04-12 19:28:12
Egypt’s Central Clearing, Depository, and Registry House (MCDR) is ready to handle the settlement process for the country’s anticipated futures and commodities exchange, its chairman Mohamed Abdel-Salam said Wednesday. MCDR clearly has the technological know-how to be able to absorb the demands of a commodities exchange, Abdel-Salam added.  It has the ability and capacity to absorb any clearing and depository services required by a commodities exchange, in particular with respect to the trading of cotton, cement, and orange. MCDR undertakes efficient settlement in line with international standards as they are able to process same day gross settlement, he added. Egypt announced plans to set up a global commodities centre back in 2014 but gave few details at the time. News of the initiative first broke in late 2014, when the government announced it intended to turn Egypt into a trade hub. It talked of processing and re-exporting up to 65 million tonnes of wheat, soybeans, sugar and other commodities via a new port to be built on the Mediterranean, as well as creating the Middle East’s first commodities mercantile exchange. In November 2015, Egypt signed cooperation protocol with Jordan-based Sigma Investments) to establish first ever electronic Egyptian Commodities Exchange. More»
Amwal Al Ghad English - 2017-04-09 14:38:11
Egyptian stocks dropped on Sunday, hurt by two deadly bomb attacks on two Coptic churches on Palm Sunday, in the latest assault on a religious minority increasingly targeted by Islamic State. The bombings, which killed at least 36 people and injured more than 100 others, happened weeks before Pope Francis was to visit Egypt. Cairo main index, EGX 30 closed 1.55 percent lower, to 12,895 points. "This was an immediate (market) reaction to the terrorist attack," Ahmed Abu Taleb, head of sales at Pharos Securities in Cairo, told Reuters. Islamic State’s news agency Amaq said later that the group was responsible for two church bombings in Egypt on Sunday. "A group that belongs to Islamic State carried out the two attacks on the churches in the cities of Tanta and Alexandria," Amaq said. The first bombing, in Tanta, a Nile Delta city less than 100 kilometres outside Cairo, killed at least 25 and injured at least 78, according to Egypt's Ministry of Health. The second, carried out just a few hours later by a suicide bomber in Alexandria, hit the historic seat of the Coptic Pope, killing 11, including three police officers, and injuring 35, the ministry added. Abu Taleb said the Egyptian stock index has traded between 12,800 and 13,400 points for the past three months, but he added prospects for the market are brighter due to a stable currency, increasing flow of tourists and inflation that is expected to peak. "At the macro level things are looking okay, slightly improving," he said. Egyptian stocks are still up nearly 4.5 percent this year as confidence has returned to the market after the country let the currency float freely last year. In 2016, Egyptian stocks surged 76 percent. More»
Gehad Abdel Ghany - 2017-04-08 15:51:05
Egypt’s main stock market index EGX 30 soared 8 percent in a week, closing on Thursday at 13,099 points. The Egyptian stock exchange and all banks operating in the country will close on April 12th and 13th, for Coptic Christian Easter and Sham El-Nessim, a celebration linked directly to ancient Egypt marking the beginning of spring. Market Capitalisation: Egypt's stock market rose 1 percent, recorded weekly gains worth 9.3 billion Egyptian pounds ($516.7 billion), closing at 664 billion pounds during the closing session of Thursday. More»