amwalalghad :: EGX

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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

Yomna Yasser - 2015-04-16 14:27:51
Egypt’s stocks turn this week in mixed notes but with losses worth 566 million Egyptian pounds (US$74 million) as local and Arab investors’ selloff remains. The market capitalization has recorded 511.270 billion pounds during the closing session of Thursday. Indices: Egypt’s benchmark index, EGX30 edged down by 0.11 percent to close at 8886.84 points. EGX20 dropped by 0.14 percent to 9455.29 points. On the contrary, the mid- and small-cap index EGX70 went up by 0.75 percent to 494.5 points. The price index, EGX100 also rebounded by 0.33 percent to 1008.42 points. Turnovers end week Humble On contrary, the bourse’s trading volume has hit 106.968 million securities, with turnovers closed at EGP 466.323 million, exchanged through 15.705 thousand transactions. Also during the closing session, 172 listed securities have been traded in; 53 declined, 75 advanced; while 41 kept their previous levels. More»
Yomna Yasser - 2015-04-15 15:27:35
Egypt’s stocks tumbled Wednesday ending trading with losses worth 1.26 billion Egyptian pounds (US$165 million) amid local and Arab investors’ selloff. The market capitalization has recorded 510.704 billion pounds during the closing session of Wednesday. Indices: Egypt’s benchmark index, EGX30 dropped by 0.35 percent to close at 8896.68 points. EGX20 fell by 0.69 percent to 9468.36 points. In addition, the mid- and small-cap index EGX70 edged lower by 1.12 percent to 490.84 points. The price index, EGX100 also decreased by 0.78 percent to 1005.15 points. Turnovers still Humble On Wednesday, the bourse’s trading volume has hit 145.706 million securities, with turnovers closed at EGP 608.461 million, exchanged through 18.433 thousand transactions. Also during the closing session, 186 listed securities have been traded in; 120 declined, 29 advanced; while 32 kept their previous levels. More»
Yomna Yasser - 2015-04-14 14:58:29
Egypt’s stock market gained Tuesday gains totalling 1.1 billion Egyptian pounds (US$144.2 million) powered by foreign investors’ buying appetite. The stocks have resumed Tuesday their trading session following a two-day official vacation on the occasion of Easter and Sham El Nessim. The market capitalization has hit 511.963 billion pounds during the closing session of Tuesday. Indices: Egypt’s benchmark index, EGX30 edged up by 0.39 percent to close at 8927.53 points. EGX20 rose by 0.38 percent to 9534.54 points. In addition, the mid- and small-cap index EGX70 remained with no change in value 496.42 points. The price index, EGX100 increased by 0.11 percent to 1013.1 points. Turnovers below EGP1 billion On Tuesday, the bourse’s trading volume has hit 109.945 million securities, with turnovers closed at EGP 899.166 million, exchanged through 17.108 thousand transactions. Also during the closing session, 171 listed securities have been traded in; 63 declined, 59 advanced; while 43 kept their previous levels. More»
Islam Salah & Hesham Ibrahim - 2015-04-14 13:54:33
Egypt will list three state-owned petroleum companies on the stock market (EGX) within four weeks, investment minister Ashraf Salman announced Tuesday. The three companies are with a combined capital exceeding 8.5 billion Egyptian pounds (US$1.1 billion). Speaking to Amwal Al Ghad on Tuesday, Minister Salman said listing the three companies is part of the Egyptian government’s strategy to restructure the public sector firms alongside increase their volume of businesses in the coming period. The companies are Middle East Oil Refinery (MIDOR) at an estimated capital of US$1.1 billion, the Egyptian company for refrigeration by natural gas (Gas Cool) with a capital of 125.5 million pounds, and the joint stock petroleum marketing company, Nile Petroleum with a capital of 50 million pounds. The government has not listed state-owned companies on the stock exchange since 2005, when Telecom Egypt, Sidi Kerir Petrochemicals and Alexandria Mineral Oils Company offered shares. More»
Amwal Al Ghad English - 2015-04-11 15:42:48
U.S. stocks ended the session higher Friday with the main benchmarks booking their second straight weekly gain. Friday's advance came as General Electric (GE) announced restructuring plans and share buybacks, pushing the Dow Industrials above 18,000 level for the first time in nearly three weeks. The S&P 500 SPX, +0.52% closed 10.88 points, or 0.5%, higher at 2,102.05 and recorded a 1.7% gain over the week. The Dow Jones Industrial Average DJIA, +0.55% added 98.92 points, or 0.6%, to 18,057.65 and gained 1.7% over the week. The Nasdaq Composite COMP, +0.43% ended the session up 21.41 points, or 0.4%, to 4,995.98 and recorded a 2.2% weekly gain. More»
Yomna Yasser - 2015-04-09 14:31:15
Egypt’s stock advanced on Thursday, posting gains worth 2.1 billion Egyptian pounds (US$275 million) powered by non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 also surged further above 8890 points. The market capitalization has recorded 510.885 billion pounds during the closing session of Thursday. Indices: Egypt’s benchmark index, EGX30 climbed by 1.18 percent to close at 8892.53 points. EGX20 hiked by 0.86 percent to 9498.5 points. In addition, the mid- and small-cap index EGX70 went up by 0.25 percent to 496.4 points. The price index, EGX100 increased by 0.39 percent to 1011.97 points. Turnovers turn Humble On Thursday, the bourse’s trading volume has hit 93.579 million securities, with turnovers closed at EGP 364.279 million, exchanged through 14.553 thousand transactions. Also during the closing session, 172 listed securities have been traded in; 66 declined, 71 advanced; while 34 kept their previous levels. More»
Yomna Yasser - 2015-04-08 15:55:48
Egypt’s stocks were mostly higher on Wednesday despite the government’s decision to move ahead with taxes imposed on capital gains and dividends. Powered by Moody’s upgrade on Egypt’s credit rating, the Egyptian stock market has managed to close on Wednesday with gains totalling around 6 billion Egyptian pounds (US$786.6 million). Moody’s Investors Service raised Tuesday its credit rating on Egypt by a notch to B3 from Caa1, citing improved economics, with a stable outlook. The market capitalization has recorded 508.786 billion pounds during the closing session of Wednesday. Capital Tax Law: The government’s decision to move ahead with taxes imposed on capital gains and dividends has heightened fears of steering foreigners away from investing in Egypt’s bourse. The law, passed on Tuesday, comes after months of negotiations and debate since the government first imposed a 10% on bourse profits and unlisted companies in July 2014. Indices: Egypt’s benchmark index, EGX30 edged up by 0.83 percent to close at 8788.91 points. EGX20 rose by 0.42 percent to 9417.36 points. In addition, the mid- and small-cap index EGX70 tumbled by 0.11 percent to 495.16 points. The price index, EGX100 increased by 0.15 percent to 1008.01 points. Turnovers doubled On Wednesday, the bourse’s trading volume has hit 174.329 million securities, with turnovers closed at EGP 2.849 billion, exchanged through 22.107 thousand transactions. Also during the closing session, 182 listed securities have been traded in; 69 declined, 71 advanced; while 30 kept their previous levels. More»
Amwal Al Ghad English - 2015-04-08 08:24:18
Three of Egypt’s state-owned petroleum companies plan Initial Public Offerings (IPOs) worth more than LE8.5 billion, Mohamed Omran, the head of the bourse, announced on Tuesday. The joint stock company, Middle East Oil Refinery (MIDOR) plans to raise $1.1 billion (LE8.38 billion), he said. The Egyptian company for refrigeration by natural gas (Gas Cool) and the joint stock petroleum marketing company, PetroNeel, are also planning to raise capital of LE125.5 million and LE50 million respectively. The listing of the three petroleum companies is part of four planned IPOs in the coming months, Investment Minister Ashraf Salman announced on Monday. The government also plans to list the Food Industries Holding Company (FIHC) to raise LE3-4 billion, Supply Minister Khaled Hanafy told Reuters in February. Egypt's stock exchange has not undertaken state-owned listings since 2005, when Telecom Egypt, Sidi Kerir Petrochemicals and Alexandria Mineral Oils Company offered shares. But plans to again list state-owned companies, with the aim of restructuring them through a partnership with the private sector, were announced by Egypt’s premier in May of last year. More»
Yomna Yasser - 2015-04-07 15:44:32
Egypt’s stock market rebound on Tuesday posting gains worth 7.4 billion Egyptian pounds (US$969.8 million) backed by local investors’ strong buying appetite. The market capitalization has recorded 502.814 billion pounds during the closing session of Tuesday. Indices: Egypt’s benchmark index, EGX30 climbed by 2.35 percent to close at 8716.37 points. EGX20 surged by 2.40 percent to 9378.27 points. In addition, the mid- and small-cap index EGX70 hiked by 2.62 percent to 495.73 points. The price index, EGX100 also inched up by 2.12 percent to 1006.51 points. Turnovers less higher On Tuesday, the bourse’s trading volume has hit 109.917 million securities, with turnovers closed at EGP 880.783 million, exchanged through 17.283 thousand transactions. Also during the closing session, 179 listed securities have been traded in; 18 declined, 127 advanced; while 26 kept their previous levels. More»
Islam Salah & Ahmed El Demerdash - 2015-04-07 12:46:11
Egypt’s financial institution, Beltone Financial Holding has registered assets under management totalling 30 billion Egyptian pounds (around US$4 billion) by end of last March, managing director Maged Shawky announced Tuesday. Speaking to Amwal Al Ghad on Tuesday, Shawky revealed Beltone’s plans to raise the volume of its AUM in the coming period through diversifying its portfolios and support existing products, notably the exchange-traded funds (ETFs) Beltone will be starting a major promotional tour for its ETF soon, the official added. In mid January, Egypt's stock exchange has launched the first ETF on local market, XT Misr ETF that mirrors the performance of the country's EGX 30 stock index. ETFs are typically funds that track equity indexes, though they can also track commodities and other assets, with component stocks usually represented in proportion to the size of their market capitalization. ETFs are traded like a stock and can allow investors to diversify their risks and reduce transaction costs. More»