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

Gehad Abd El-Ghany - 2014-09-16 10:09:40
Egypt's Qalaa Holdings (CCAP,formerly Citadel Capital) (CCAP.CA on EGX) attained EGP1.56 billion revenues within the second quarter of 2014 , with 58% annual growth rate, operating profits before taxes and interests reached to EGP181.2 million, according to Qalaa's financial statements. The statements said Qalaa's operating losses were EGP15.6 million in the second quarter of last year, with 6 double growth rates in compared to the first quarter of the current year in which involves EGP29 million operating profits worth EGP29 million, Q2 witnessed registering EGP61.8 million profits before taxes and interests. The Company's consolidated financial statements for H1 that ended on June 30, 2014, showing that net loss widened 238% to EGP 587.7 million, from EGP 173.7 million in the same period a year earlier. Qalaa’s founder and Chairman Ahmed Heikal told  that he expected his company to turn profitable before 2016. The company said its net loss for the first six months of the year had widened to 410.6 million Egyptian pounds ($57.43 million) "primarily on the back of non-operational factors including increases in amortization, interest expenses and foreign exchange losses". More»
Gehad Abd El-Ghany - 2014-09-16 08:28:35
Egypt's stocks opened higher on Tuesday with gains of 2.9 billion Egyptian pounds triggered Egyptian and Arab investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 kicked off trading above 9536.57 points. The Egyptian Exchange (EGX)'s indices were wavering in green notes during the opening session of Tuesday Indices The Benchmark EGX30 surged by 0.96% to 9536.57p, and EGX20 rose by 1.3% to 11376.69p. In addition, the mid- and small-cap index, the EGX70 went up by 0.76% to 628.6 p.  Price index EGX100 grew by 0.9% to 1137.77p. Furthermore, market capitalization reached EGP 521.074 billion. More»
Yomna Yasser - 2014-09-15 13:25:22
Egypt’s stocks ended higher on Monday, halting 5-day losing streak, with gains totalling 1.7 billion Egyptian pounds powered by local and Arab investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 rebounded to exceed 9445 points. The Egyptian Exchange’s indices were wavering on green notes during the closing session of Monday. Indices Egypt’s benchmark index EGX30 ended 0.20 per cent higher to 9446.22 pts; while EGX20 finished 0.18 per cent up to 11231.15 pts. In the contrary, the mid- and small-cap index, the EGX70 hiked by 0.92 per cent to finish at 623.86 pts. The price index EGX100 also surged by 0.66 per cent to conclude at 1127.61 pts.   Furthermore, the market capitalization recorded EGP 518.185 billion on Monday. More»
Amwal Al Ghad English - 2014-09-15 12:39:06
The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have entered an agreement to extend the current contract for EGX till January 2020 to tap NASDAQ OMX's X-stream trading technology, the most widely deployed exchange technology in the world, according to NASDAQ website. Under the terms of the agreement, NASDAQ OMX will continue to support the EGX trading platform, powered by NASDAQ OMX's X-stream trading technology, which it has been live since 2008. In addition to being a technology customer since 1999, EGX has also been a strategic partner of NASDAQ OMX via the Egypt for Information Dissemination (EGID) since 2006. "We are pleased with the successful, lasting relationship with NASDAQ OMX who has consistently supported our growth and sustainability as an important marketplace in our region," said Dr. Mohamed Omran, Executive Chairman of EGX. "As we continue to evolve our business as the center point of Egypt's financial economy, we want the finest technology and resources available for our market participants. Working with NASDAQ OMX meets this demand head on." "NASDAQ OMX is proud to continue the renewed trust and engagement in our successful cooperation with EGX over the many years," Lars Ottersgard, Senior Vice President and Head of Market Technology. "EGX operates in one of the most dynamic, ever-changing regions of the world and is a crucial element to its financial and economic success to investors domestic and foreign alike. We look forward to continuing this relationship with them." NASDAQ OMX's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East. The Egyptian Exchange is one of the oldest Stock Exchanges in the World and dates back more than 130 years. It is the only registered Stock Exchange in Egypt. EGX is a market operator specialized in listing and trading of equities, government bonds, corporate bonds, close-ended mutual funds, ETFs and sukuks. EGX vision is to be a World-Class, Egypt-based Exchange: the Premier Capital Market in the Middle East & North Africa Region that best serves its stakeholders. EGX aims to empower its customers by providing top notch market technology, innovative products, fair, transparent & efficient markets. EGX is the first Arab Exchange to be a member of the World Federation of Exchanges since 2005. The Executive Chairman of EGX is also the Vice Chairman of the Federation of Euro Asian Exchanges as well as a founding and leading member of the Arab Federation of Exchanges and the African Securities Exchanges Association. More»
Amwal Al Ghad English - 2014-09-15 12:27:02
As part of efforts to restore the confidence of foreign investors in the Egyptian market under positive economic and political developments in the country, Chairman of the Egyptian Exchange Mohamed Omran has recently met with a number of global financial institutions to inform them of the positive developments in the Egyptian economy in General and the stock market in particular. According to the EGX’s release, Omran started his round of meeting with Bank of New York-Merrill Lynch and some of the largest financial institutions in the world. During the meeting Omran discussed with attendees marks of recovery of the Egyptian economy. After which Dr. Omran Joined “The Egyptian Capital Market Day” organized by the Bank HSBC global as a Keynote speaker. During his presentation, Omran reviewed the positive stock market performance index of the market since June 2013. The meeting was attended by a number of the largest manager of mutual funds and portfolios in the United States In addition to a number of the largest listed companies in the stock market. He focused during the meeting on measures taken by the Government to improve the investment climate, including a Commission to resolve disputes between investors, headed by the Prime Minister. He stressed on the commitment of the Egyptian Government to demonstrate practical and sincere support of the investors. He presented some of the national projects that started as a centre of the Suez Canal and the North Coast as well as the rehabilitation of 3 million acres and more. The Egyptian top official added that a large number of investors showed interest in mega projects and the possibility of investment and commended the courage of the Government pump this volume of investments in infrastructure for what will be its impact in stimulating the economy during the next period. In a gesture reflecting the place occupied by GEX, NASDAQ stock market welcomed Dr. Omran with closing of the trading session celebration attended by NASDAQ leaders and representatives of international institutions such as JP Morgan, Deutsche Bank and Morgan Stanley as well as the Egyptian consul in the United States. This ceremony is a tradition of high-level personalities in the field of finance and investment. On the sidelines of the ceremony Dr. Omran said that EGX in accordance with international indicators are best global stock market in terms of revenue, where the main index (EGX30) has risen by up to 105% since June 2013 and the highest growth rate achieved at the level of the developed markets and emerging market and developed. The contract signed with NASDAQ will ensure continued superior technological infrastructure of the Egyptian stock exchange. Omran said for the stability policy, the Government continues to support the investment climate and which will in return have the greatest impact on the continuous improvement in the performance of the Egyptian stock exchange in the coming period. More»
Yomna Yasser - 2014-09-15 10:40:53
Egypt’s bourse gained 1.1 billion Egyptian pounds during midday trade on Monday backed by local and Arab investors’ buying appetite. Yet, the country’s main stock index, EGX30 retreated below 9420 points. Meanwhile, the EGX indices were wavering in mixed notes during the midday session of Monday. Indices The Benchmark EGX30 dipped by 0.09% to 9418.79 p, and EGX20 went down by 0.15% to 11193.89 p. In the contrary, the mid- and small-cap index, the EGX70 grew by 0.65% to 622.19 p. Yet, the Price index EGX100 rose by 0.40% to 1124.71 p. Furthermore, market capitalization reached EGP 517.536 billion, according to data compiled by Amwal Al Ghad English at 13:13 p.m. Cairo time (10:13 GMT). More»
Yomna Yasser - 2014-09-14 12:50:13
Egypt's bourse ended Sunday’s trading lower with humble losses worth 22 million Egyptian pounds driven by local investors’ selling pressures. In return, the country's main stock index, EGX30 continued its sluggish performance, closing below 9430 points. Indices Egypt’s benchmark index EGX30 ended 0.51 per cent lower to 9427.42 pts; while EGX20 finished 0.21 per cent down to 11211.07 pts. In the contrary, the mid- and small-cap index, the EGX70 surged by 1.07 per cent to finish at 618.17 pts. The price index EGX100 also inched up by 0.14 per cent to conclude at 1120.24 pts.   Furthermore, the market capitalization recorded EGP 516.466 billion on Sunday. More»
Amwal Al Ghad English - 2014-09-14 08:37:24
Egypt Kuwait Holding Co. (EK Holding) held an extraordinary general meeting on Thursday, September 11, in which shareholders approved implementing the incentive system through bonus share distribution to workers, managers and executive board members The Egyptian Exchange (EGX) had approved on Wednesday a request from EK Holding to proceed with steps of implementing the incentive system through bonus share distribution to workers, managers and executive board members.The company’s board had approved on June 30 a capital increase from $209.8 million to $243.9 million. The $34.1 million increase is divided into 136.36 million shares at $0.25 par value plus $0.55 issue premium each.The board also approved amending articles of incorporation No. 6 and 7 in light of the rights issue results. Accordingly, the company’s capital will be $243.9 million, divided into 975.7 million shares at $0.25 par value each.
Yomna Yasser - 2014-09-14 08:24:22
Egypt’s stocks opened a new week higher with early gains worth 2.2 billion Egyptian pounds powered by non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 surged above 9520 points at Sunday’s early trade. The Egyptian Exchange (EGX)'s indices were wavering in green notes during the opening session of Sunday. The stocks were bloomed by news that the Egyptian government will invite an International Monetary Fund mission to visit. Egypt will ask the IMF for a long-delayed economic assessment in the hope of improving the country's image before a February investment conference, the country's finance ministry said in a statement on Saturday. Indices The Benchmark EGX30 inched up by 0.48% to 9521.27 p, and EGX20, also grew by 0.78% to 11322.78 p. In addition, the mid- and small-cap index, the EGX70 climbed by 1.29% to 619.53 p.  Price index EGX100 hiked by 0.90% to 1128.81 p. Furthermore, market capitalization reached EGP 518.717 billion, according to data compiled by Amwal Al Ghad English at 11:13 a.m. Cairo time (08:13 GMT). More»
Amwal Al Ghad English - 2014-09-14 07:49:52
Egypt's stock market may react positively on Sunday to news that the Cairo government will invite an International Monetary Fund mission to visit. Egypt will ask the IMF for a long-delayed economic assessment in the hope of improving the country's image before a February investment conference, the country's finance ministry said in a statement on Saturday. The assessment will not necessarily lead to an IMF loan deal, but it is key to maintaining working relations with the global lender and could provide the government with valuable feedback and recommendations. It is also another step towards rehabilitating Egypt in the eyes of many Western investors. Egypt has not held Article IV consultations, in which IMF experts assess a country's financial and economic state of affairs, since March 2010. More»