amwalalghad :: EGX

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        National Development Bank   6.72        Six of October Development & I   15.03        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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

Gehad Abdel Ghany - 2016-05-28 17:39:03
Egypt’s main index EGX30 edged up 0.43 percent in a week, in which market capitalisation recorded weekly gains worth 1.9 billion Egyptian pounds ($213.8 million). Market capitalisation ended trading on Thursday at 403.861 billion pounds. The main gauge index registered its highest point on Wednesday closing at 7543 points, whereas its lowest point recorded on Monday at 7417.08 points. Other indexes, the mid- and small-cap index, the EGX70 climbed 2.2 percent in a week closing at 374 points during Thursday's session, compared to 366 points at the end of a week earlier. Price index, EGX100 surged 1.8 percent finishing at 785 points during Thursday's session, from 771 points at the end of a week earlier. More»
Amwal Al Ghad English - 2016-05-28 09:30:40
Cleopatra Hospital announced on Thursday the allocation of subscription requests and determining the final price for the private placement for financial institutions including 34m shares of the company’s capital, owned by a number of current investors, at EGP 9. The subscription was covered in the private placement for financial institutions by 6.73 times. Requests amounted to EGP 2.059bn ($231.9m). This brings up the company’s market capitalization to EGP 1.44bn ($162.2m) under the final price of the IPO, before issuing the capital increase shares to complete the offering and initiate trading. The company will offer 40m ordinary shares. The upcoming IPO will be through two tranches. One to the financial institutions and individual investors, and investors with expertise in the field of securities for 34m shares. The other public offering will be to the public in the Egyptian market, as a joint offering. The company will issue shares to increase capital to carry out the combined offer and initiate trading on the EGX. The company said the IPO of the mentioned shares increase would be limited to the selling shareholder through the offering. This brings up the number of free shares to 25% of the total equity capital of the hospital that is registered in the EGX, in the case of non-implementation of any stability operations to support and stabilise the share price, and keeping all shares from returning to original shareholders at the support account period. The door to subscription will be closed for public offering on the EGX on Monday 30 May 2016. The trading begins after fulfilling allocation requirements announced in 21 May, in accordance with the provisions of the listing rules of the Egyptian Exchange. The number of shareholders will be a minimum of 300. Free trading shares must represent at least 5% of the total company’s equity. A senior officer at Cleopatra Hospital said the company intends to employ the proceeds to supporting and financing the capital expenditures of the planned expansions The company traces its roots back to 1976 and consists of four hospitals: Cleopatra Hospital, Cairo Specialised Hospital, Nile Badrawi Hospital, and Al-Shorouk Hospital in greater Cairo. The company is also considering expansion opportunities outside of the scope of greater Cairo during the next phase. In 2015, the group conducted nearly 34,900 surgeries, treated more than 47,200 cases, 606,200 outpatients and 278,400 individuals at the emergency departments. The operational unaudited results of the group in 2015 showed that the company’s profits amounted to EGP 741m. The gross profit registered EGP 234m, while the operational profit, before taxes, interest, depreciation, and amortization, recorded EGP 183m. The total net profit reached EGP 52m. Selling shareholders will receive the total liquidity outcome of the the joint IPO. These proceeds, excluding the amounts used to support and stabilize the share price, will be reinjected through IPO of capital increase to implement the offering and initiate tradings on the EGX at the same final price as the offering. EFG-Hermes will lock 15% of the proceeds of the offering and set up an account to support and stabilise the share price following the IPO. More»
Noha Gad - 2016-05-26 15:02:42
Egyptian stock market concluded the week with losses estimated at 1.3 billion Egyptian pounds (US$146.3 million) on local selling pressure. The market capitalisation hit 403.861 billion during the closing session of Thursday. More»
Amwal Al Ghad English - 2016-05-25 10:31:55
The Egyptian stock exchange announced Wednesday in a statement it would delay approving Beltone Financial's capital increase request until the company submits reasons for the move. The board of Egypt's Beltone Financial has requested a 1 billion Egyptian pound ($113 million) capital increase, Osama Rashad, head of investor relations, told Reuters on Tuesday. More»
Yomna Yasser - 2016-05-24 18:48:39
Egypt’s bourse ended higher on Tuesday as foreign investors resumed purchasing. Main index climbed 1.08 percent, to 7497.33 points. Other indices; EGX50 EWI index gained 1.06 percent, to 1399.06 points; while EGX20 picked up 1.60 percent, to 7672.91 points. Mid- and small-cap index EGX70 rose 0.92 percent, to 373.03 points. Price index, EGX100 went up 0.83 percent, to 782.28 points. Market Caps Market capitalisation gained 3.36 billion Egyptian pounds ($378.4 million), to record 403.572 billion pounds during the closing session of Tuesday. More»
Ahmed Fayez - 2016-05-24 11:25:42
Egypt will start floating parts of some state-owned firms on the country’s stock exchange within a timeframe of three and five years, minister of investment Dalia Khorshed announced Monday. Earlier this year, the presidency announced in a statement a plan to list shares in state-owned bank and companies on the stock market, in a bid aimed at jump-starting investment and boosting economic growth. "The coming period will witness offerings of parts of the capital of successful Egyptian companies and banks on the bourse," said presidential spokesman Alaa Youssef said in January statement that followed a meeting between President Abdel Fattah al-Sisi and ministers. The statement did not specify which banks or sectors would be offered. More»
Amwal Al Ghad English - 2016-05-23 17:44:50
Egypt’s bourse ended lower on Monday as foreign investors’ sell-off weighed on. Main index edged down 1.04 percent, to 7417.08 points. Other indices; EGX50 EWI index lost 0.67 percent, to 1384.45 points; while EGX20 dropped 0.49 percent, to 7552.36 points. Mid- and small-cap index EGX70 fell 1.07 percent, to 369.64 points. Price index, EGX100 decreased 0.68 percent, to 775.82 points. More»
Gehad Abdel Ghany - 2016-05-22 15:02:06
Egypt’s stock exchange will witness five new initial public offerings in the coming few months; the bourse’s chief Mohamed Omran announced Sunday. There is a current state of cautious optimism among investors about chances of success of the Egyptian economy in general and the capital market in particular, Omran added. Earlier this month, the Central Bank of Egypt has decided to follow a more flexible policy with regard to the exchange rate, aiming to resolve distortions in the exchange rate system and restore the circulation of foreign currency inside the banking system in an orderly way. More»
Aya Salah Eddin - 2016-05-22 14:55:10
Egyptian stock market starts week with losses of 1.8 billion Egyptian pounds (US$ 202 million) despite local and Non-Arab buying appetites The market capitalisation recorded 402.242 billion pounds during the closing session of Sunday. Indices Egyptian benchmark index, EGX30 solely dropped by 0.06  percent to 7494.76  points. The EGX50 EWI index went up by 0.95  percent to 1393.84  points. EGX20 climbed by 0.48 percent to 7589.71 points. In addition, the mid- and small-cap index EGX70 hiked by 2.05 percent to 373.63 points. The price index, EGX100 increased by 1.20  percent to 781.11 points. More»
Gehad Abdel Ghany - 2016-05-22 14:20:06
Egypt-based property developer Rooya Group is planning to list some of its shares on the country’s bourse before the end of 2016, its chief executive Hisham Shoukri said Sunday. “The listing on the bourse should be complete before the end of this year, and we are currently working with one of the financial consulting firms to set the fair value.” Founded in 2007, Rooya Group is one of Egypt's fast-growing holding companies in the field of real estate development, tourism investment, contracting, and consultancy with investment of more than 4 billion dollars and capital of 1.2 billion pounds (US$ 157.3 million). Rooya has a real estate portfolio of about 9 million square metres, with 6 million of that currently under development. More»