Following the approval of OCI N.V.’s offer by Orascom Construction Industries S.A.E.’ shareholders, Egypt's stock market has encountered losses of EGP 991 million by the closing session of Wednesday. Egypt’s benchmark index EGX30 fell by 0.54% to close at 4684.04 p; the EGX20, it also inched down by 0.87% to end at 5132.18 p. Meanwhile, the mid- and small-cap index, the EGX70 edged down by 0.79% to conclude at 355.11 p.  The price index EGX100 also dipped by 0.42% to finish at 629.39 p. The capital market has closed at EGP 318.548 billion on Wednesday afternoon. More»

Stocks traded on the Egyptian Exchange of the Small and Medium Enterprises (SMEs) – NILEX ended Wednesday mostly down. This was in the wake of trading in 4 stocks on Wednesday, 3 dropped; while Univert for Food Industries (UNFO) solely steadied at EGP 0.68. BIG Trade and Investment (BIGP)’s stock led NILEX downwards as it dived by 4.63% to close at EGP 1.03. Al-Moasher for Programming and Information Dissemination (AMPI)’s stock also sank by 3.95% to conclude at EGP 0.73. Utopia Real Estate Investment and Tourism (UTOP)’s stock also shed by 1.15% to finish at EGP 5.15. More»

Egypt's stock market has opened Wednesday’s session incurring losses of EGP 887 million driven by local and Arab early selling pressures. The Egyptian Exchange's indices were wavering in red notes early Wednesday. Benchmark EGX30 edged down by 0.85% to 4669.18 p; while EGX20 dropped by 0.97% to 5126.84 p. On the other hand, the mid- and small-cap index, the EGX70 tumbled by 0.43% to 356.42 p.  Price index EGX100 also fell by 0.42% to 629.37 p. The capital market has reached EGP 316.625 billion during the opening session of Wednesday, according to data compiled by Amwal Al Ghad English at 11:15 a.m. Cairo time (09:15 GMT). More»

Egypt’s financial regulator has signed on Tuesday a Memorandum of Understanding (MOU) with its Ukrainian counterpart – which is member in the International Organization of Securities Commissions (IOSCO) - at the aim of exchanging information related to anti-violations of capital market laws. The MOU signed between the Egyptian Financial Supervisory Authority (EFSA) and the National Commission for Securities and the Stock Market of Ukraine (NCSSM) which is considered a framework for international cooperation in exchanging information concerned with ways of consultation, cooperation and exchanging of information in order to tighten supervision on capital markets. The IOSCO Multilateral Memorandum of Understanding (MMOU) is aiming to extend cooperation and to exchange information among capital market authorities all over the world. It sets a new international benchmark for cross-border co-operation critical to combating violations of securities and derivatives laws. More»

Egypt's stock market has posted gains of EGP 1.6 billion backed by foreign buyers on Tuesday. Egypt’s benchmark index EGX30 surged by 1.09% to close at 4709.25 p; the EGX20, it also inched up by 1.03% to end at 5176.99 p. Meanwhile, the mid- and small-cap index, the EGX70 edged up by 0.41% to conclude at 357.95 p.  The price index EGX100 also rose by 0.62% to finish at 632.05 p. The capital market has closed at EGP 319.539 billion on Tuesday. More»

Stocks traded on the Egyptian Exchange of the Small and Medium Enterprises (SMEs) – NILEX ended Tuesday mostly flat. This was in the wake of trading in 5 stocks on Tuesday, 3 steadied; while 2 others dropped. International Business Corporation For Trading and Agencies - IBC (IBCT)’s stock dived by 4.93% to close at EGP 6.17. Al-Moasher for Programming and Information Dissemination (AMPI)’s stock also sank by 3.80% to conclude at EGP 0.76. Al-Moasher has topped the traded value as it reached EGP 114.840 thousand distributed to 151.105 thousand securities exchanged through 37 transactions. Meanwhile, the stocks which remained with no change were Marseille Almasreia Alkhalegeya For Holding Investment (MAAL) at EGP 2.17, BIG Trade and Investment (BIGP) at EGP 1.08 and Utopia Real Estate Investment and Tourism (UTOP) at EGP 5.21. More»

Egypt's stock market has posted gains of EGP 2.5 billion during the opening session of Tuesday backed by the non-Arab foreign buying transactions. The Egyptian Exchange's indices were wavering in green notes early Tuesday. Benchmark EGX30 edged up by 2.28% to 4764.9 p; while EGX20 climbed by 2.37% to 5245.91 p. On the other hand, the mid- and small-cap index, the EGX70 inched higher by 1.27% to 361.02 p.  Price index EGX100 also surged by 1.39% to 636.88 p. The capital market has opened at EGP 320.358 billion, according to data compiled by Amwal Al Ghad English at 11:29 a.m. Cairo time (09:29 GMT) early Tuesday. More»

Following fierce competition, Mr. Mohsen Adel, Managing Director at Pioneers Funds; Mr. Alaa Sabaa, Beltone Financial CEO; and Mr. Suleiman Nazmi, Vice Chairman of Al Ahram Securities Brokerage, have won board seats in the Egyptian Exchange's Board Of Directors. EGX Board of Directors elections have been carried out on Monday afternoon. Mr. Adel has obtained 204 votes; Mr. Saba has got 122 votes; while Mr. Nazmi won 113 votes. More»

Egypt's stock market has posted gains of EGP 3.4 billion backed by foreign buyers ahead of the bourse’s Board of Directors elections by the closing session of Monday. The Egyptian Exchange’s Board of Directors elections are set to kick off at 17:00 p.m. Cairo time (15:00 GMT). Egypt’s benchmark index EGX30 climbed by 1.19% to close at 4658.53 p; the EGX20, it also surged by 1.51% to end at 5124.4 p. Meanwhile, the mid- and small-cap index, the EGX70 edged up by 1.33% to conclude at 356.5 p.  The price index EGX100 also rose by 0.79% to finish at 628.16 p. The capital market has closed at EGP 317.887 billion on Monday. More»

Stocks traded on the Egyptian Exchange of the Small and Medium Enterprises (SMEs) – NILEX witnessed on Monday weak unsteady performance. This was in the wake of  trading in 3 stocks on Monday, 2 steadied; while Utopia Real Estate Investment and Tourism (UTOP) solely declined. Utopia Real Estate Investment and Tourism (UTOP)’s stock dived by 3.87% to end at EGP 5.21. On the other hand, the stocks which remained with no change were Marseille Almasreia Alkhalegeya For Holding Investment (MAAL) at EGP 2.17 and Al-Moasher for Programming and Information Dissemination (AMPI) at EGP 0.79. More»