4 challenges facing upcoming IPO boom in EGX in 2017
“The market corrects itself by itself”—a repeated argument between traders in the Egyptian Exchange (EGX) which is…
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Money Markets
IMF staff report: Egypt to impose stock market tax in May
Egyptian government is to reinstate the temporarily suspended capital gains tax for companies listed in the local…
As stamp tax may be imposed, Egypt stocks incur heaviest losses in 2017
Egyptian stock market ended the week with the heaviest losses since the beginning of 2017 after the International…
Egypt considering temporary stamp duty on stock market deals
Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen…
Cairo bourse loses 6bln Egyptian pounds
Cairo bourse edged lower on Wednesday incurring losses estimated at 5.9 billion Egyptian pounds on local and Arab…
European shares boosted by company updates, though Pearson plummets
European shares edged higher on Wednesday in early deals, helped by a slew of well-received company results from…
Asia stocks hover near three-month highs; sterling in spotlight
Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as…
Egypt stocks climb on foreign buying
Egypt’s stock market ended higher on Tuesday backed by foreign investors’ buying appetite. Main index, EGX 30…
EGX30 drops 0.17pct, losses record 3mn Egyptian pounds
Egyptian stock market edged lower on Monday with slight losses estimated at 3 million Egyptian pounds. The market…
Cairo bourse opens week with gains of 3.2bn Egyptian pounds
Egyptian stock market started the week in green notes with gains estimated at 3.2 billion Egyptian pounds (US$170.8…