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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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        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

Yomna Yasser - 2015-09-01 14:20:06
Cairo stock market gained Tuesday 1.2 billion Egyptian pounds (US$153.3 million). Yet, the stocks ended in red at Tuesday’s trade driven by Arab investors’ selloff. The market capitalisation has reached 445.974 billion pounds during the closing session of Tuesday. Indices Egypt’s benchmark index, EGX30 tumbled 0.67 percent to 7203.86 points. The newly-launched index, EGX50 EWI index edged down 0.22 percent to 1230.85 points. EGX20 fell 0.28 percent to 7061.26 points. In addition, the mid- and small-cap index EGX70 dropped 1 percent to 388.46 points. The price index, EGX100 decreased 0.27 percent to 835.44 points. Turnovers down On Tuesday, the bourse’s trading volume has recorded 183.016 million securities, with turnovers closed at 1.368 billion pounds, exchanged through 20,015 thousand transactions. Also during the closing session, 172 listed securities have been traded in; 97 declined, 38 advanced; while 34 kept their previous levels. More»
Yomna Yasser - 2015-08-31 14:40:25
Egypt’s stocks jumped Monday posting gains worth 6.8 billion Egyptian pounds (US$868.4 million) after Italian energy giant Eni announced a potentially huge natural gas discovery off the country's coast. The market capitalisation has hit 444.732 billion pounds during the closing session of Monday. 'Supergiant' Gas Discovery Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea. The announcement about the discovery came a day after Eni CEO Claudio Descalzi met in Cairo with Egyptian President Abdel Fattah al-Sisi. Eni said the discovery — made in its Zohr prospect "in the deep waters of Egypt" — could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers (38.6 square miles). The discovery well is 190 kilometers (about 120 miles) from the Egyptian coast, and is at a depth of 1,450 meters ( 4,757 feet) in the Shorouk Block, the company said. The block is about 107 kilometers (66 miles) from Port Said. "Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world's largest natural gas finds," Eni said in a statement. "The discovery, after its full development, will be able to ensure satisfying Egypt's natural gas demand for decades." Indices Egypt’s benchmark index, EGX30 climbed 2.79 percent to 7252.43 points. The newly-launched index, EGX50 EWI index edged up 2.03 percent to 1233.62 points. EGX20 jumped 3.08 percent to 7081.04 points. In addition, the mid- and small-cap index EGX70 grew 1.68 percent to 392.38 points. The price index, EGX100 hiked 1.72 percent to 837.7 points. Turnovers grew higher On Monday, the bourse’s trading volume has recorded 263.925 million securities, with turnovers closed at 1.775 billion pounds, exchanged through 26,068 thousand transactions. Also during the closing session, 170 listed securities have been traded in; 14 declined, 127 advanced; while 25 kept their previous levels. More»
Noha Gad - 2015-08-30 14:18:59
Cairo stocks start the week obtaining gains worth 261 million Egyptian pounds (US$33.3 million). The market capitalisation has reached 437.946 billion pounds during the closing session of Sunday. Indices Egypt’s benchmark index, EGX30 declined 0.33 percent to 7055.28 points. The newly-launched EGX50 EWI index went down by 0.40 percent to 1209.06 points. EGX20 dropped 0.06 percent to 6869.61 points. In addition, the mid- and small-cap index EGX70 sagged by 0.30 percent to 385.89 points. The price index, EGX100 plummeted by 0.17 percent to 823.56 points. More»
Noha Gad - 2015-08-27 14:23:30
Egyptian stocks ended the week higher with gains estimated at 12.8 billion Egyptian pounds (US$1.6 billion), rebounding after rate cuts and fresh stimulus measures by China’s central bank The market capitalisation has reached 437.685 billion pounds during the closing session of Thursday. More»
Yomna Yasser - 2015-08-26 14:34:26
Egypt's stocks posted slight gains of 95 million Egyptian pounds (US$12.1 million) Wednesday as global stocks start to rebound after rate cuts and fresh stimulus measures by China’s central bank The market capitalisation has reached 424.890 billion pounds during the closing session of Wednesday. Egypt Indices Egypt’s benchmark index, EGX30 went up 0.53 percent to 6873.49 points. The newly-launched EGX50 EWI index fell 0.10 percent to 1172.54 points. EGX20 rose 0.20 percent to 6644.27 points. In addition, the mid- and small-cap index EGX70 increased 0.34 percent to 373.7 points. The price index, EGX100 grew 0.12 percent to 803.19 points. Turnovers turn lower On Wednesday, the bourse’s trading volume has reached 164.742 million securities, with turnovers closed at 540.763 million Egyptian pounds, exchanged 16,942 thousand transactions. Also during the closing session, 167 listed securities have been traded in; 62 declined, 54 advanced; while 43 kept their previous levels. More»
Yomna Yaser and Noha Gad - 2015-08-25 15:10:16
Egypt's stocks turn into green notes Tuesday posting gains worth 3.9 billion Egyptian pounds (US$498 million) as global stocks turnaround following China's cut of interest rates. The market capitalisation has recorded 424.795 billion pounds during the closing session of Tuesday. Global shares surge after China cuts its main interest rate in a bid to calm stock market turmoil. More»
Yomna Yasser - 2015-08-24 16:52:47
Cairo bourse continue to shed heavy losses Monday worth 7.8 billion Egyptian pounds (US$996 million) as China’s market crash rippled through the markets The market capitalisation has recorded 420.799 billion pounds during the closing session of Monday. China’s Black Monday Chinese stocks suffered Monday their worst single-day loss in more than eight years, shining an unwelcome spotlight on the country’s financial condition at a time when its leaders are putting on two big events meant to showcase China’s global standing. The Chinese government media dubbed it “Black Monday,” a surprisingly bleak description to come from the People’s Daily, which normally tries to cushion bad news. The Shanghai Composite Index’s 8.5% loss was its biggest percentage decline since February 2007, leaving the market down 0.8% for the year and down 38% from its mid-June peak. At that point stocks were up 60% for the year, having doubled over the preceding 12 months. “Compared with the selloff in June and July, when investors still harbored hope of government rescue measures, this time investors are completely despairing because the previous government stabilization measure have failed,” says Amy Lin, analyst at Capital Securities told the Wall Street Journal. Emerging markets, once the world’s great economic hope, could see the good times end as Beijing falters, according to the Observer. China sent markets into a spin this month after it revealed an 8.3% decline in exports in June. In an attempt to reverse the slump, Beijing began devaluing the yuan. The devaluation persisted for three days, raising investors’ anxiety levels. Could there be worse to come? The answer came last week, when a survey showed that in August, activity in China’s factories shrank at the fastest pace in almost six and a half years. Export demand had dwindled further, and domestic sales were not much better. Global Stock Selloff Britain’s FTSE 100 closed at 5,898, which is down 288.78 points on Friday’s close. In terms of GBP lost, this equates to £73.88 billion, according to Sky’s financial analyst, Guy Harding. And it means that the FTSE 100 has just posted its longest losing streak since 2003. And the pan-Europan Stoxx 600 had its worse day since the end of 2008, according to Marketwatch. German and French stocks suffer worst day since 2011 The pan-European FTSeurofirst300 has provisionally closed down 5.4%, which is its lowest level this year. That includes a 5% tumble on the German DAX, while France’s CAC shed 5.6% and Spain’s IBEX lost 5.7%. The S&P 500 is down 5.2 per cent at 1,867.90, taking it down 12 per cent from its record high in May and deeper into correction territory, defined as a fall of 10 per cent from an index’s last peak. The Dow Jones Industrial Average is 6.5 per cent lower at 15.416.0. a loss of over 1,000 points. “Investors in China have lost confidence in the central bank, and it’s a very alarming and difficult situation for the markets,” said Bruce Bittles, chief investment strategist at Milwaukee-based Robert W. Baird & Co., which oversees $110 billion. “It ultimately depends on whether the China situation results in a severe economic slowdown. It that happens, it’s going to ripple through the U.S.” Egypt Indices Back to indices in Egypt where President Abdel Fattah al-Sisi issued a decree lowering the top tax rate on companies and individuals from 25 percent to 22.5 percent. The decree also suspended a 10 percent capital gains tax for two years as of August 2015. The highest income bracket to which the new 22.5 percent rate will apply went down from 250,000 Egyptian pounds ($31,948.88) to 200,000, the decree said. Egypt’s benchmark index, EGX30 plunged 1.92 percent to 6654.06 points lowest levels in almost two years. The newly-launched EGX50 EWI index sank 4.45 percent to 1150.86 points. EGX20 also dived 3.71 percent to 432.8 points. In addition, the mid- and small-cap index EGX70 retreated 5.17 percent to 365.48 points. The price index, EGX100 pushed down 3.82 percent to 794.05 points. More»
Islam Salah - 2015-08-24 13:10:46
Around 135 companies listed in Cairo bourse have posted first half profits totalling 14.5 billion Egyptian pounds (US$1.85 billion), the stock market management announced Monday. On the other hand, 39 listed companies have incurred losses totalling 570 million pounds during the first half of 2015. During the first half of 2014, there were nearly 147 listed firms achieved profits totalling 12.4 billion pounds, by contrast, 27 companies had encountered losses estimated at 544 million pounds. The listed companies’ first half net profits have jumped 17 percent to 14 billion pounds, compared to around 11.9 billion pounds a year earlier. From his part, Mohamed Omran – Chairman of the Egyptian Exchange (EGX) said the first half gains signal the improvement in the listed firms’ financial position. More»
Amwal Al Ghad English - 2015-08-24 07:44:28
Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a 10 percent tax on capital gains in an attempt to attract investors and boost the economy. President Abdel Fattah al-Sisi issued a decree lowering the top tax rate on companies and individuals from 25 percent to 22.5 percent. The decree also suspended a 10 percent capital gains tax for two years as of August 2015. The highest income bracket to which the new 22.5 percent rate will apply went down from 250,000 Egyptian pounds ($31,948.88) to 200,000, the decree said. The government had said in May it would put the 10 percent tax on capital gains on hold, reversing a central component of its economic reform agenda that investors had criticised. It kept in place a 10 percent tax on stock dividends. The Cairo bourse had previously been exempt from any taxes on capital gains or dividends. The taxes, approved by Sisi in July 2014 as part of efforts to overhaul an economy battered by years of political turmoil, were in April challenged in court. Former army chief Sisi, who ousted Egypt's first freely elected president following mass protests against his rule, has promised a programme of reforms to win back foreign investors who fled the country after a 2011 uprising. Egypt must balance attempts to narrow a budget deficit of around 10 percent of GDP with efforts to boost business activity. More»
Yomna Yasser - 2015-08-23 14:34:21
Fears of a China-led global economic slowdown drove Cairo stocks to their steepest one-day drop since December 2013 on Sunday. The Egyptian bourse shed heavy losses worth 15 billion Egyptian pounds (US$2 billion) amid local and Arab investors’ broad selloff. The market capitalisation has recorded 428.613 billion pounds during the closing session of Sunday. Indices Egypt’s benchmark index, EGX30 sank 5.42 percent to 6784.09 points. The newly-launched EGX50 EWI index pushed down 5.89 percent to 1204.51 points. EGX20 also sank 6.55 percent to 6680.37 points. In addition, the mid- and small-cap index EGX70 shrank 6 percent to 385.42 points. The price index, EGX100 plunged 4.31 percent to 825.63 points. Turnovers grow On Sunday, the bourse’s trading volume has reached 242.145 million securities, with turnovers closed at 1.830 billion pounds, exchanged through 21,771 thousand transactions. Also during the closing session, 184 listed securities have been traded in; 150 declined, 3 advanced; while 24 kept their previous levels. More»