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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        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        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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

Yomna Yasser - 2015-05-20 16:21:38
Egypt's stock market halted two-day gains, to incur losses on Wednesday worth 2.36 billion Egyptian pounds (US$309 million) on foreign selloffs. Egypt bourse rallied for two successive days as investors show signs of relief with the Egyptian government's decision on Monday to suspend the capital gains tax, which was set at 10 percent. Indices Egypt’s benchmark index, EGX30 dropped by 0.58 percent to 8826.45 points. EGX20 inched down by 0.81 percent to 9190.04 points. In addition, the mid- and small-cap index EGX70 sagged by 0.38 percent to 471.85 points. The price index, EGX100 plummeted by 0.26 percent to 987.93 points. The market capitalization has closed at 500.385 billion pounds during the closing session of Wednesday. Turnovers humble again On Wednesday, the bourse’s trading volume has hit 215.484 million securities, with turnovers closed at EGP 644.909 million, exchanged through 23.856 thousand transactions. Also during the closing session, 173 listed securities have been traded in; 94 declined, 48 advanced; while 28 kept their previous levels. More»
Amwal Al Ghad English - 2015-05-20 11:31:07
Egyptian bourse’s chairman Mohamed Omran is heading to Armenia today to chair the Federation of Euro-Asian Stock Exchanges (FEAS)’s Working Committee and Executive Board Meetings. The event will take place on May 21, in Yarevan, Armenia. In November, Omran has won the presidency of the Federation of Euro-Asian Stock Exchanges (FEAS). It is the first time that an Arab country is elected for such a post. FEAS is a regional bloc with growth potential in the capital market, with 34 member stock exchanges worldwide and total market capitalization worth US$800 billion, with a turnover of $500 billion annually. More»
Amwal Al Ghad English - 2015-05-20 11:27:29
The annual meeting of Euro-Mediterranean (EUROMED) partnership for capital markets’ authorities kicks off today in Egypt. The meeting, which Cairo hosts for two days, has been inaugurated by the chairman of Egypt's market regulator, the Egyptian Financial Supervisory Authority’s (EFSA), Sherif Samy. EUROMED Partnership encompasses the capital markets' authorities of Egypt, Algeria, Tunisia, and Morocco, in addition to Spain, Portugal, Greece, Italy, France, and Turkey. Samy clarified that the meetings would discuss the most important developments in the financial markets in the Member States during the last year and the latest results reached by different international organizations to activate supervision on financial markets and the implementation of the recommendations made by the Group of Twenty in this regard. The meeting would also present the regulatory differences between Member States at the three levels namely: supervision on mutual funds, providing information related to the financial markets and fighting manipulation in the markets. Moreover, the first day would include workshop that reviews the points of protecting capital market’s clients, studying legislations and regulations needed for enterprises’ governance, and disclosure and inspecting investments funds’ regulations and laws, especially mortgage funds, Samy said. More»
Yomna Yasser - 2015-05-19 14:10:02
Egypt's stocks posted gains on Tuesday worth 1.15 billion Egyptian pounds (US$150.7 million) backed by local and Arab investors’ buying appetite, one day after Egypt announced a two-year lift on the capital gains tax. The gains come for the second day in a row as investors show signs of relief with the Egyptian government's decision on Monday to suspend the capital gains tax, which was set at 10 percent. The purpose of the suspension is to preserve the competitiveness of Egypt's financial market and investments pumped into it, cabinet spokesman Hossam al-Qawish had said in a statement. Taxes on dividends will continue to be applied, with the tax being collected only once and no tax will be collected on the net revenue. Indices Egypt’s benchmark index, EGX30 inched higher by 0.90 percent to a two-year high of 8877.68 points. EGX20 climbed by 1.77 percent to 9265.25 points. In addition, the mid- and small-cap index EGX70 grew by 0.97 percent to 473.63 points. The price index, EGX100 moved higher by 1.09 percent to 990.46 points. The market capitalization has recorded 502.746 billion pounds during the closing session of Tuesday. More»
Yomna Yasser - 2015-05-18 14:21:07
Egypt’s stock market soared Monday to two-year high gaining 20 billion Egyptian pounds (US$2.6 billion) as government announced earlier a decision to put the capital gains tax on hold for two years. The market capitalization has recorded 501.590 billion pounds during the closing session of Monday. Earlier Monday, the Egyptian Cabinet decided to suspend 10 percent tax on capital gains for two years but a 10 percent tax on stock dividends will remain, the government said in a statement. Hossam al-Qawish - Cabinet Spokesman - said holding the capital gains tax was meant "to preserve competition in the Egyptian bourse... as part of ongoing efforts at economic reform.” The Egyptian stock Exchange (EGX)’s management for thirty minutes after the benchmark index, EGX30 soared by 5 percent at Monday’s early trade. Indices Egypt’s benchmark index, EGX30 hiked by 6.50 percent to a two-year high of 8798.17 points. EGX20 soared by 7.46 percent to 9104.08 points. In addition, the mid- and small-cap index EGX70 surged by 7.47 percent to 469.08 points. The price index, EGX100 inched up by 6.47 percent to 979.8 points. Turnovers doubled On Monday, the bourse’s trading volume has recorded 223.462 million securities, with turnovers closed at EGP 2.070 billion, exchanged through 23.685 thousand transactions. Also during the closing session, 193 listed securities have been traded in; 4 declined, 167 advanced; while 15 kept their previous levels. More»
Yomna Yasser - 2015-05-18 11:09:07
Egypt’s stocks extended its upward trend at Monday’s midday trade, posting gains worth 13.6 billion Egyptian pounds (US$1.8 billion) triggered by announcing a government decision to put the capital gains tax on hold for two years. The market capitalization recorded 500.921 billion pounds, according to data compiled by Amwal Al Ghad English at 12:55 p.m. Cairo time (10:55 GMT). At early trade, the Egyptian stock Exchange (EGX)’s management for thirty minutes after the benchmark index, EGX30 soared by 5 percent. Investors win Tax Battle The Egyptian Cabinet decided to suspend 10 percent tax on capital gains for two years but a 10 percent tax on stock dividends will remain, the government said in a statement released on Monday. Hossam al-Qawish -Cabinet Spokesman- said that holding the capital gains tax was meant "to preserve competition in the Egyptian bourse... as part of ongoing efforts at economic reform". Indices Egypt’s benchmark index, EGX30 soared by 6.56 percent to 8802.74 points. EGX20 climbed by 7.54 percent to 9110.87 points. In addition, the mid- and small-cap index EGX70 pushed up by 7.03 percent to 467.19 points. The price index, EGX100 jumped by 6.17 percent to 977.1 points. Turnovers Surge At Monday’s midday trade, the bourse’s trading volume has hit 196.719 million securities, with turnovers closed at EGP 1.807 billion, exchanged through 17.518 thousand transactions. Also during the midday session, 186 listed securities have been traded in; 7 declined, 156 advanced; while 17 kept their previous levels. More»
Amwal Al Ghad English - 2015-05-18 09:43:33
The Egyptian stock Exchange (EGX)’s management decided to suspend Monday’ session for thirty minutes after the benchmark index, EGX30 soared by 5 percent. The stock market indices jumped in early trading after announcing a government decision to put the capital gains tax on hold for two years. Hossam al-Qawish -Cabinet Spokesman- said in an emailed statement on Monday holding the capital gains tax was meant "to preserve competition in the Egyptian bourse... as part of ongoing efforts at economic reform". More»
Ahmed Fayez - 2015-05-18 09:04:59
The Egyptian Cabinet decided to suspend 10 percent tax on capital gains for two years but a 10 percent tax on stock dividends will remain, the government said in a statement released on Monday. Hossam al-Qawish -Cabinet Spokesman- said that holding the capital gains tax was meant "to preserve competition in the Egyptian bourse... as part of ongoing efforts at economic reform". Qawish added that the cabinet has asserted the necessity of developing and upgrading the Egyptian stocks as financing platform for Egypt's economy as well as a way of investing and attracting capitals and economic development. More»
Amwal Al Ghad English - 2015-05-17 14:47:39
Egypt’s stock market extended losses Sunday on concerns that it might lose emerging market status. Although, the bourse edged up in early trade on news that Standard and Poor's had revised its outlook on Egypt's sovereign debt rating to positive, it eventually ended with losses worth 960 million Egyptian pounds (US$126 million). The losses were driven by a broad sell-off from local and Arab investors on speculation that MSCI, which last week excluded Telecom Egypt from its emerging markets index, might eventually drop Egypt from the benchmark completely. Morgan Stanley Commercial Index threatened the Egyptian Stock Exchange (EGX) with deletion from its emerging markets index, after removing Telecom Egypt Company from its index, according to a statement. "We may lead to Egypt being removed from the index if it continues with its poor performance," MSCI said in a statement on its website. Only three Egyptian stocks remain in the index, which is the minimum required to maintain a presence in the emerging markets index, according to MSCI rules published on its website. MSCI did not respond to an emailed request for comment. Indices Egypt’s benchmark index, EGX30 dropped by 0.51 percent to a fresh five-month low of 8260.92 points, approaching strong technical support at 8,125 points, its December low. EGX20 went down by 0.34 percent to 8472.18 points. In addition, the mid- and small-cap index EGX70 fell by 0.73 percent to 436.49 points. The price index, EGX100 sagged by 0.34 percent to 920.28 points. The market capitalization has hit 481.272 billion pounds during the closing session of Sunday. Turnovers higher On Sunday, the bourse’s trading volume has recorded 158.938 million securities, with turnovers closed at EGP 1.073 billion, exchanged through 16.481 thousand transactions. Also during the closing session, 169 listed securities have been traded in; 87 declined, 50 advanced; while 29 kept their previous levels. More»
Yomna Yasser - 2015-05-14 16:43:42
Egypt’s stock market dropped Thursday to a five-month low amid foreign broad sell-off driven by index compiler MSCI’s decision to reduce the country's weighting in its emerging markets index. The bourse's Thursday losses are amounting to 9.6 billion Egyptian pounds (US$1.26 billion). The market capitalization has hit 482.232 billion pounds during the closing session of Thursday. MCSI Worrisome Remarks Morgan Stanley Commercial Index threatened the Egyptian Stock Exchange (EGX) with deletion from its emerging markets index, after removing Telecom Egypt Company from its index, according to a statement. "We may lead to Egypt being removed from the index if it continues with its poor performance," MSCI said in a statement on its website. In the index compiler MSCI's semi-annual review on Tuesday, four companies only remain currently in the index they are EFG-Hermes, Commercial International Bank, Global Telecom and Orascom Telecom.- which analysts said was the minimum required for a country to stay in the benchmark. Also, Morgan Stanley will be adding Sidi Krir to the MSCI Egypt Small Cap Index at the end of May, while Maridive & Oil Services will be removed from the index. "The fall to three stocks does indirectly put Egypt's emerging market status at risk: the index becomes less diverse -CIB is now 72 percent of the MSCI Egypt index - and investor interest could fall, leading to lower turnover and market cap," EFG Hermes said. The expected exit of foreign funds from Telecom Egypt could be complicated by foreign currency shortages in the country, it added. Indices Egypt’s benchmark index, EGX30 sank by 2.62 percent to 8303.37 points. EGX20 dived by 3.69 percent to 8501.34 points. In addition, the mid- and small-cap index EGX70 inched down by 3.12 percent to 439.7 points. The price index, EGX100 plunged by 2.23 percent to 923.41 points. More»