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        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        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        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        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

Aya Salah Eddin - 2016-05-05 14:54:19
Egypt’s main stock market index surged Thursday, to gain 407 billion Egyptian pounds ($45 billion triggered by Arab and foreign investors. Main index, EGX30 climbed 1.41  percent, to 75447.49  points EGX50 EWI index inched up 1.75 percent, to 1406.97  points. Mid- and small-cap index EGX70 went up 0.60 percent, to 368.01 points. Price index, EGX100 also increased 1.35 percent to 777.85 points. Market Caps Market capitalisation has recorded 407.080 billion pounds during the closing session of Thursday. Turnovers high On Thursday , the bourse’s trading volume hit 158.524  million securities, with turnovers closed at 939.474 billion pounds, exchanged through 19,949 transactions. Also during the closing session, 170 listed securities have been traded 27 declined, 113 advanced, while  26  kept their previous levels. More»
Amwal Al Ghad English - 2016-05-05 09:01:15
Egypt has extended the suspension of a capital gains tax on the local stock market until May 2017. The decision, announced Wednesday on state news agency MENA, was attributed to Deputy Finance Minister Amr Munir, who said the move was to improve investor confidence and maintain tax stability. The government suspended the tax last May, saying the move was part of economic reforms aimed at improving the investment climate. The 10 percent tax on capital gains had been approved in a law a year earlier by President Abdel Fattah al-Sisi, fueling a sell-off by investors. More»
Aya Salah Eddin - 2016-05-04 14:36:05
Egypt’s bourse concluded lower Wednesday with losses of 2.4 billion Egyptian pounds ($270mn), on local and foreign sells off. Main stock index, EGX30 lost 1.18 percent, to 7442.44 points. EGX50 EWI index inched lower 1.24 percent, to 1382.82 points; EGX20 also sank 1.28 percent, to 7459.68 points. Mid- and small-cap index EGX70 fell 0.51 percent, to 365.83 points. Price index, EGX100 went down 0.71 percent to 765.49 points. Market Caps Market capitalization recorded 401.542 billion pounds during the closing session of Wednesday. More»
Amwal Al Ghad English - 2016-05-04 09:20:37
Buyout firm Abraaj Group is seeking a valuation of as much as $300 million for a group of hospitals it plans to list on the Egyptian stock exchange, two people familiar with the matter told Bloomberg. An initial public offering for Cleopatra Hospital Co., which includes four private hospitals in the North African country, may take place as soon as this month, the people said, asking not to be identified as the information is private. The Egyptian regulator has approved the listing, one of the people said. Abraaj plans to retain a stake in the business following the IPO, and Egyptian investment bank EFG-Hermes Holding SAE is managing the sale, they said. Demand for specialized health care is increasing in Egypt amid a growing population and a shortage of public services. Private equity firms, such as Abraaj and London-based Actis LLP, have been actively scouting for deals in the sector to take advantage of the shortfall. Abraaj, which manages about $9.5 billion in assets, has made 28 investments in the health-care industry globally, deploying more than $1 billion, according to information on its website. The company is also pursuing an IPO of Jordanian aircraft maintenance firm Jordan Aircraft Maintenance Ltd. on the Nasdaq Dubai stock exchange, people familiar with the matter said in April. A representative for Abraaj declined to comment. A representative for EFG-Hermes didn’t immediately respond to requests for comment. More»
Amwal Al Ghad English - 2016-05-03 15:22:14
Egypt’s bourse, reopened after two days of public holidays, ended lower Tuesday after the local currency slipped further in the black market. Main stock index, EGX30 lost 3.11 percent, to 7531.59 points. EGX50 EWI index inched lower 3.05 percent, to 1400.24 points; EGX20 also sank 4.04 percent, to 7556.66 points. Mid- and small-cap index EGX70 fell 1.76 percent, to 367.72 points. Price index, EGX100 went down 2.15 percent to 772.97 points. Market Caps Market capitalisation has recorded losses worth 9.4 billion Egyptian pounds (around $1.1 billion), to record 403.956 billion pounds during the closing session of Tuesday. More»
Yomna Yasser & Aya Salah Eddin - 2016-04-28 17:53:14
Egypt's bourse closed Thursday trade lower, driven by local and Arab investors’ selloffs. The country’s main stock index pulled back 1.15 percent, to 7773.23 points. EGX50 EWI index lost 1.02 percent, to 1444.31 points; EGX20 also fell 1.78 percent, to 7874.98 points. Mid- and small-cap index EGX70 rose 0.45 percent, to 374.32 points. Price index, EGX100 went up 0.11 percent to 789.99 points. Market Caps Market capitalisation has recorded losses worth 1.4 billion Egyptian pounds (around $157.7 million), to record 413.347 billion pounds during the closing session of Thursday. More»
Amwal Al Ghad English - 2016-04-27 17:14:36
Egypt’s stock exchange has signed Wednesday a cooperation agreement on dual listing process with Bahraini bourse. The agreement also aims to enhance technological infrastructure and informatics for the Bahrain Bourse to contribute to facilitate the flow of investment between the two countries, said Egypt’s stock exchange chief Mohamed Omran. As part of the two-day official visit of Bahraini King Hamad bin Isa Al Khalifa to Cairo, Bahraini Minister of Industry, Commerce, and Tourism Zayed Alzayani visited the Egyptian Bourse Wednesday accompanied by CEO of Bahrain Bourse Sheikh Khalifa bin Ibrahim Al Khalifa. “The agreement between the two bourses is part of a series of cooperation agreements and memorandums of understanding, which was signed during the successful visit by His Majesty King Hamad bin Isa Al Khalifa to the Arab Republic of Egypt.” Minister Alzayani said. The Bahraini minister added that this agreement reflects the sincere desire of the officials in both countries to take all measures to overcome all obstacles that “hinder exchange of investments in general in all sectors in the two bourses.” “This agreement will enhance the level of cooperation between the two bourses and will certainly open the way to create many investment opportunities for all investors.” CEO of Bahrain Bourse said. Meanwhile, Omran said that the agreement is an important step towards deepening the Egyptian Bourse relations with the Arab bourses, especially with regard to dual listing process, where the Egyptian Bourse is focus to attract regional companies. Total Bahraini investments in Egypt are worth some $2.7 billion, with the trade volume rising to $320 million in 2014 from $181 million the year before, according to a statement by the Egyptian trade and industry ministry. More»
Aya Salah Eddin, Noha Gad - 2016-04-27 14:59:38
Egypt's stock market concluded Wednesday with losses of 1.4  billion  Egyptian pounds ($157.7 million) on Egyptian and Arab investors’ selloffs. Cairo's main index, EGX30 dropped 0.29  percent, to 7863.58 points. EGX50 EWI index inched down 1.11 percent, to 1459.24 points; EGX20 also tumbled 0.88 percent, to 8017.52 points. Mid- and small-cap index EGX70 declined 1.30 percent, to 372.66 points. Price index, EGX100 went down by 1.46 percent to 789.09  points. Market Caps Market capitalisation has recorded at 414.754  billion pounds during the closing session of Wednesday. More»
Yomna Yasser & Aya Salah Eddin - 2016-04-26 19:16:58
Egypt’s main stock market index surged Tuesday, to hit its highest level since August 2015, triggered by foreign investors. Main index, EGX30 climbed 1.85 percent, to 7886.82 points, its highest close since mid-August last year. Stock market closed on Monday for a public holiday. EGX50 EWI index inched up 0.44 percent, to 1475.63 points. Mid- and small-cap index EGX70 fell 0.29 percent, to 377.55 points. Price index, EGX100 also dropped 0.42 percent to 800.76 points. Market Caps Market capitalisation has recorded gains 1.8 billion Egyptian pounds (around $202.7 million), to conclude 416.202 billion pounds during the closing session of Tuesday. More»
Islam Salah - 2016-04-26 18:08:05
Egypt's Central Securities Depository (MCDR) is planning to complete a link-up move with its UAE counterpart, Abu Dhabi Securities Market (ADSM) before the end of next July. Linking with Abu Dhabi Securities is top priority for MCDR following the completion of another linkage deal with Dubai Financial Market, the Egyptian depository house’s chairman, Mohamed Abdel-Salam told Amwal Al Ghad Tuesday. The anticipated move will comes upon the Africa and Middle East Central Depositories Association (AMEDA)’s decree, which stipulated the need for the GCC and North African countries to be linked with Egypt’s MCDR. Abdel Salam also said through link-up processes with other central securities depository houses, MCDR would attract more investors and will expand the trading base not only for Egyptians but for all Arabs as well. The Egyptian Central Securities Depository has finalised the tie-up process with its counterparts in Morocco – MAROCLEAR; Bahrain- Bahrain Stock Exchange; Dubai - Dubai Financial Market; and most recently Kuwait; Kuwait Clearing Company S. A. K., Abdel Salam added. Cairo- headquartered Misr for Central Clearing, Depository and Registry was founded in 1994 and commenced operations in 1996. MCDR shares are distributed among participants of the Egyptian market: custodians own 50 percent stake, 45 percent of shares are owned by brokerage companies, and 5% stake belongs to the Egyptian Exchange (EGX). MCDR is the sole organization authorised to conduct clearing and settlement operations with all types of securities traded on the Egyptian Exchange. More»