amwalalghad :: EGX

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        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        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        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

Amwal Al Ghad English - 2016-06-26 13:56:23
Egyptian stock market plunged on Sunday in response to Britain's decision to leave the European Union, underperforming other major Middle East markets as investors worried that global instability could further cut capital inflows into Egypt. Egypt's main index EGX30 edged down 5.54 percent, to 6852 points, its worst drop in months. During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour. Other indices; Mid- and small-cap index EGX70 sank 2.67 percent, to 338 points. Naeem brokerage said in a note that the economic impact on Egypt of Brexit would not be very serious, because weakness in the British pound and euro could actually benefit the current account balance of the import-driven Egyptian economy, and 16 percent of the country's external debt was denominated in euros. But initially at least, investors focused on the risk that the global market turmoil would make it even harder for Egypt to attract fund inflows. That would worsen the hard currency shortage which is plaguing local industry and possibly making more depreciation of the Egyptian pound inevitable. More»
Amwal Al Ghad English - 2016-06-26 13:18:30
Egypt's Beltone Financial has filed a lawsuit against the heads of the country’s stock exchange and Financial Supervisory Authority over the repeated cancellation of trades on its stock, according to two sources and a court document seen by Reuters on Sunday. Shares in asset manager Beltone jumped by more than 550 percent in three months after it was acquired by billionaire businessman Naguib Sawiris's OTMT in November for 650 million Egyptian pounds ($73 million). The price spike lifted Beltone's market value to 4 billion pounds before the stock exchange, at the end of February, began to stop trades in the shares on an almost daily basis. The exchange referred to rules allowing such cancellations in cases where the head of the bourse considered that trades had taken place at unjustified prices. Beltone's share price stood at 7.34 pounds on Sunday, compared with 21.97 pounds in mid-April. "Beltone filed a lawsuit before the Administrative Court against the head of Egypt's stock exchange, in person, and against the chairman of the financial regulator," said two sources who are close to the matter. The lawsuit contests that the head of the stock exchange's decisions were incorrect and an illegal abuse of authority. The head of Egypt's stock exchange, Mohamed Omran, was not immediately available for comment. Sherif Samy, chairman of the Egyptian Financial Supervisory Authority, said that Beltone had filed a grievance with the regulator earlier this month. "The decision of the commission did not come in its favour and that is why they are resorting to court, and that is the right of any party," Samy said. More»
Amwal Al Ghad English - 2016-06-25 18:52:42
Weighed by the central bank’s latest rise in key interest rates and ahead of United Kingdom’s vote to leave the European Union, Egypt’s main index EGX30 plunged 2.2 percent in a week to 7253.31 points. Market capitalisation incurred weekly losses worth 6.4 billion Egyptian pounds ($725.3 million) ending at 398.667 Egyptian pounds on Thursday amidst investors’ fears about a loss of British investment and demand for Egyptian exports.  Britain's vote to leave the European Union forced Friday the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater unity since World War Two. Central Bank of Egypt (CBE) decided in its latest meeting to raise interest rates by 100 basis points after core inflation rate hit a seven-year high in May. The bank raised the overnight deposit rate, the overnight lending rate and the rate of the CBE's main operation to 11.75 percent, 12.75 percent and 12.25 percent respectively. More»
Yomna Yasser - 2016-06-23 12:35:36
Egyptian stock market surged on Thursday coinciding with an upward trend in global bourses after a series of late opinion polls favoured Britain staying in the European Union. Egypt's main index EGX30 climbed 1.35 percent, to 7253.31 points. During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour. Other indices; EGX50 EWI index gained 1.23 percent, to 1285.6 points; while EGX20 grew 1.37 percent, to 7328.59 points. Mid- and small-cap index EGX70 edged up 0.51 percent, to 348.04 points. Price index, EGX100 rose 0.75 percent, to 746.8 points. More»
Yomna Yasser - 2016-06-22 13:13:55
Egyptian stock market tumbled on Wednesday amid thin trade day during the holy month of Ramadan. Main index EGX30 edged down 1.30 percent, to 7156.49 points. During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour. Other indices; EGX50 EWI index lost 1.83 percent, to 1269.95 points; while EGX20 decreased 1.28 percent, to 7229.86 points. Mid- and small-cap index EGX70 inched lower 1.16 percent, to 346.28 points. Price index, EGX100 plummeted 1.11 percent, to 741.27 points. More»
Yomna Yasser - 2016-06-21 12:53:58
Egyptian stock market rebounded on Tuesday backed by non-Arab foreign buying appetite. Main index EGX30 gained 0.66 percent, to 7250.92 points. During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour. Other indices; EGX50 EWI index dropped 0.17 percent, to 1293.64 points; while EGX20 picked up 0.49 percent, to 7323.39 points. Mid- and small-cap index EGX70 lost 0.70 percent, to 350.36 points. Price index, EGX100 sagged 0.14 percent, to 749.58 points. More»
Yomna Yasser - 2016-06-20 12:28:42
Egypt’s stock market further slide Monday weighed by local and non-Arab selling pressures during a weak trading volume in the holy month of Ramadan. Main index EGX30 pushed down 1.83 percent, to 7203.64 points. During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour. Other indices; EGX50 EWI index sank 2.30 percent, to 1295.82 points; while EGX20 sagged 2.27 percent, to 7287.79 points. Mid- and small-cap index EGX70 dropped 1.36 percent, to 352.84 points. Price index, EGX100 plummeted 1.35 percent, to 750.66 points. More»
Islam Salah & Gehad Abdel Ghany - 2016-06-20 11:28:05
Egyptian financial services firm, Catalyst Partners plans to restructure three family-run food companies in a bid to list them on the country’s SME bourse, NILEX before the end of 2016, an official said on Monday. Aly El-Tahry, Co-Founder at Catalyst, further told Amwal Al Ghad that his company aims to focus on the small and medium-sized businesses for they are a primary partner in achieving the nation’s economic development. SME sector creates around 80-90 percent new job opportunities in various sectors, El-Tahry added. Established in 2012, Catalyst Partners is a growth investment firm that focuses on developing medium-sized enterprises and family businesses in Egypt. It functions as a catalytic agent for growing businesses, simultaneously fostering and monitoring expansion to ensure a sustainable future for its partners. More»
Yomna Yasser - 2016-06-19 13:15:32
Egypt’s stock market slipped back into negative territory on Sunday weighed by the latest interest rate rise from the country’s central bank. Main index EGX30 edged lower 1.11 percent, to 7337.97 points. Earlier on Thursday, the Central Bank of Egypt (CBE) decided to raise interest rates by 100 basis points after core inflation rate hit a seven-year high in May. The bank raised the overnight deposit rate, the overnight lending rate and the rate of the CBE's main operation to 11.75 percent, 12.75 percent and 12.25 percent respectively. During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour. Other indices; EGX50 EWI index plummeted 1.13 percent, to 1326.38 points; while EGX20 tumbled 1.58 percent, to 7457.35 points. Mid- and small-cap index EGX70 lost 0.72 percent, to 357.69 points. Price index, EGX100 went down 0.72 percent, to 760.96 points. More»
Yomna Yasser - 2016-06-16 12:11:55
Egypt’s stock market rebounded on Thursday backed by foreign buying appetite during the eleventh day of the Muslim holy month of Ramadan. Main index as EGX30 rose 0.08 percent, to 7420.39 points. During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour. Other indices; EGX50 EWI index increased 0.11 percent, to 1341.59 points; while EGX20 dipped 0.06 percent, to 7576.8 points. Mid- and small-cap index EGX70 added 0.16 percent, to 360.29 points. Price index, EGX100 grew 0.11 percent, to 766.49 points. More»