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        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

Yomna Yasser - 2015-01-15 13:37:43
Egypt’s stock market shares closed this week lower with losses worth 2.06 billion Egyptian pounds (US$288 million) driven by local and Arab investors’ sell-off. The country’s main stock index, EGX30 finished higher to cross 9555 points. The rest of the Egyptian Exchange’s indices were also wavering in mixed notes during the closing session of Thursday. Indices: The main stock index, EGX30 rose by 0.12 per cent to 9555.99 points. EGX20 also went up by 0.42 per cent to 10628.34 points. Meanwhile, the mid- and small-cap index EGX70 edged lower by 0.75% to 577.13 points. Yet, the price index, EGX100 dropped by 0.30% to 1153.36 points. Turnovers surge Through the closing session of Thursday, the trading volume has reached 184.503 million securities, with turnovers worth EGP 1.893 billion, exchanged through 31.597 thousand transactions.                      Also during the closing session, 188 listed securities have been traded in; 121 declined, 41 advanced; while 23 kept their previous levels. Furthermore, the market capitalization recorded EGP 513.077 billion on Thursday. More»
Yomna Yasser - 2015-01-14 13:36:12
Following the start of trading on the exchange-traded funds for the first time in Egypt, the country’s stocks climbed to gain 6 billion Egyptian pounds (US$839.1 million) on Wednesday. The country’s main stock index, EGX30 ended higher crossing 9540 points. The rest of the Egyptian Exchange’s indices were also wavering in strong positive notes during the closing session of Wednesday, except for the mid- and small-cap index EGX70 which solely fell. Indices: The main stock index, EGX30 jumped by 2.53 per cent to 9544.08 points. EGX20 also edged up by 2.10 per cent to 10583.5 points. Meanwhile, the mid- and small-cap index EGX70 slumped by 0.35% to 581.51 points. Yet, the price index, EGX100 grew by 1.13% to 1156.79 points. Turnovers up Through the closing session of Wednesday, the trading volume has reached 196.434 million securities, with turnovers worth EGP 1.070 billion, exchanged through 40.879 thousand transactions.                     Also during the closing session, 185 listed securities have been traded in; 64 declined, 88 advanced; while 28 kept their previous levels. Furthermore, the market capitalization recorded EGP 515.139 billion on Wednesday. More»
Islam Salah & Ahmed El Demerdash - 2015-01-14 13:00:05
Egypt’s financial institution Beltone Financial Holding has realized total assets under management worth 30 billion Egyptian pounds (US$4.2 billion) by end of 2014, managing director Maged Shawky said. Speaking to Amwal Al Ghad on Wednesday, Shawky announced that Beltone plans to boost the volume of its AUM within the current year by founding new equity and money market mutual funds. More»
Amwal Al Ghad English - 2015-01-14 08:55:07
Integrated Diagnostics Holdings (IDH), an Egypt-based healthcare diagnostics service provider, is targeting a value of around $600 million from its planned listing on the London Stock Exchange, a source familiar with the matter said on Tuesday. It is the latest firm from the Middle East to choose the UK bourse for a flotation in recent years, avoiding more restrictive regulatory regimes for listing closer to home and, in the case of Egypt, political turbulence which has had a major economic impact. Up to 45 percent of IDH could be listed, should an up to 15 percent over-allotment option be exercised, in an initial public offering expected to complete in February, the company said in a statement. IDH, created by a 2012 merger of Al Mokhtabar and Al Borg Laboratories, offers pathology and molecular diagnostics, genetics testing and basic radiology in Egypt, Jordan and Sudan, and it operated 283 laboratories as of Sept. 30. Earnings before interest, tax, depreciation and amortisation (EBITDA) in the first nine months of 2014 was 265.6 million Egyptian pounds ($37.2 million). The deal was pre-marketed with a number of potential investors at the end of 2014 and the feedback was positive enough to launch the IPO now, a traditionally quiet time for listings, the informed source said, speaking on condition of anonymity as the information is not public. Firms often avoid January for IPOs, preferring to wait until they have full-year earnings. Recent market volatility linked to concerns over oil prices and sluggish euro zone growth has affected many companies' flotation plans. Some have announced deals now to avoid competition in coming months as the backlog clears. Among them are German cable operator Tele Columbus and Dutch eyewear retailer GrandVision. Shares being sold in the IDH offering are being provided by private equity firm Abraaj Group and founding shareholders, who currently own 38.72 percent and 40.28 percent respectively. The remaining 21 percent is held by private equity firm Actis, which bought its holding from Abraaj in December. Private equity has been the main driver of Middle Eastern firms listing in London, including Gulf Marine Services, Al Noor Hospitals and NMC Health, as regulation makes it difficult to partially exit investments in many other markets. Egypt's economic picture has been improving since the election in May 2014 of former general Abdel Fattah al-Sisi as president brought in a period of stability. But the Arab world's most populous state still faces numerous issues hindering economic growth, such as frequent power cuts, while investment in stocks has been deterred by uncertainty over the availability of hard currency to repatriate profits. Deutsche Bank and EFG Hermes are arranging the IDH offering. More»
Yomna Yasser - 2015-01-13 14:42:16
Egypt’s stocks flourished on Tuesday with total gains of 7.6 billion Egyptian pounds (US$1.06 billion) triggered by local and Arab investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 closed higher exceeding 9305 points. The rest of the Egyptian Exchange’s indices were also wavering in strong positive notes during the closing session of Tuesday. Indices: The main stock index, EGX30 climbed by 2.19 per cent to 9308.98 points. EGX20 also surged by 2.76 per cent to 10366.28 points. Meanwhile, the mid- and small-cap index EGX70 and price index EGX100 both inched higher, up 1.24 per cent and 1.67 percent, to close at 583.53 and 1143.89 points, respectively. Turnovers jump Through the closing session of Tuesday, the trading volume has reached 184.083 million securities, with turnovers worth EGP 1.197 billion, exchanged through 31.815 thousand transactions.                     Also during the closing session, 189 listed securities have been traded in; 31 declined, 132 advanced; while 20 kept their previous levels. Furthermore, the market capitalization recorded EGP 509.099 billion on Tuesday. More»
Yomna Yasser - 2015-01-13 09:17:45
Egypt’s stock market shares kicked off trading on Tuesday higher registering early gains of 1.86 billion Egyptian pounds (US$260.2 million) backed by local and Arab investors’ buying appetite. In return, the country’s stock index, EGX30 hiked by 0.50% to 9154.51 points at early trade. The rest of the Egyptian Exchange’s indices were also wavering on green positive notes during the opening session of Tuesday. Indices EGX20 grew by 0.89% to 10177.73 p. The mid- and small-cap index, the EGX70 edged up by 0.89% to 578.47 p.  Price index EGX100 advanced by 0.58% to 1131.67 p. Furthermore, market capitalization reached EGP 503.374 billion, according to data compiled by Amwal Al Ghad English at 11:07 a.m. Cairo time (09:07 GMT). Trading Volumes & Values The trading volume has reached 40.634 million securities worth EGP 132.649 million, exchanged through 5543 transactions during Tuesday opening. Also during the opening session, 114 listed securities have been traded in; 38 fell, 43 advanced; while 33 keeping their previous levels. More»
Amwal Al Ghad English - 2015-01-13 07:20:07
Egypt's stock exchange will allow trading in Exchange Traded Funds (ETFs) for the first time on Wednesday, as part of efforts to encourage foreign investment and boost liquidity. ETFs are typically funds that track equity indexes, though they can also track commodities and other assets, with component stocks usually represented in proportion to the size of their market capitalization. ETFs are traded like a stock and can allow investors to diversify their risks and reduce transaction costs. The introduction of ETFs in Egypt comes amid a flurry of takeovers and share issues on Egypt's stock exchange, signalling resurgent interest from international investors in a market looking to restore confidence after the turmoil unleashed by a 2011 uprising which ousted leader Hosni Mubarak. The main stock index rose about 30 percent in 2014 and trading volumes have rebounded above levels seen in 2010. "We are working on offering new investment vehicles to investors and in the long run, these funds will help to create liquidity in the market," Mohamed Omran, chairman of the Egyptian Exchange, told Reuters. More»
Yomna Yasser - 2015-01-12 13:45:04
Egypt’s stocks revived on Monday with gains totalling 5.16 billion Egyptian pounds (US$721.4 million) bolstered by foreign investors’ strong buying appetite. The country’s main stock index, EGX30 ended higher crossing 9105 points. The rest of the Egyptian Exchange’s indices were also wavering in strong positive notes during the closing session of Monday. Indices: The main stock index, EGX30 surged by 2.24 per cent to 9109.23 points. EGX20 also climbed by 2.61 per cent to 10088.17. Meanwhile, the mid- and small-cap index, EGX70 and price index, EGX100 both hiked, up 0.93 per cent and 1.30 percent, to close at 576.4 and 1125.15 points, respectively. Turnovers Through the closing session of Monday, the trading volume has reached 147.080 million securities, with turnovers worth EGP 773.136 million, exchanged through 23.634 thousand transactions.                    Also during the closing session, 177 listed securities have been traded in; 27 declined, 125 advanced; while 23 kept their previous levels. Furthermore, the market capitalization recorded EGP 501.515 billion on Monday. More»
Amwal Al Ghad English - 2015-01-12 12:20:25
Egypt’s investment bank CI Capital is arranging four initial public offerings (IPOs) in the country’s bourse at a total value of more than US$600 million, deputy CEO Hazem Badran told Reuters. Most of the share offerings will be carried out in 2015, the official said, adding that his company is also working on the launch of two investment funds. Egypt’s stock market has seen a few IPOs over the past years, as the last share floatation was carried out by Arabian Cement in May, 2014, since the IPOs of Juhayna and Amer Group in 2010. Meanwhile, Egypt’s financial institution Beltone, which has EGP30 billion worth of assets under management, had stated last year it would launch four IPOs in Egypt during 2015 at overall value exceeding EGP 2 billion. Investment bank EFG-Hermes also said in May it was in the process of listing and floating shares in five major companies within one year. Furthermore, companies like Emaar Misr, Arabtec Egypt, Etisalat Misr, Egyptian Steel and Domty had stated earlier they would list portion of their equities on Egypt’s bourse. Other companies, including Carbon Holding, Dar Al Fouad, Supreme Holding, Fawry, Trafco and Manazel Holding were considering the right timing and method for share floatation. More»
Amwal Al Ghad English - 2015-01-12 11:35:29
Egypt will start trading on the exchange-traded fund (ETF) certificates next January 15th, bourse’s chairman Mohamed Omran announced. This is the first time to enlist this financing channel in the Egyptian bourse. The local equity market is eager to see the start of trading ETFs that will allow investors to cover whole markets in various countries or several sectors at lower costs than other investment channels. Asked about the timing to start the trading of the ETF certificates, the Egyptian official told Reuters in a phone interview; “It’ll start next Thursday (January 15th) …” “We are working on offering the investors new investment tools, and in the long run, those certificates will help in creating liquidity in the market.”  Omran added In March, Egypt's financial market regulator released the rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules in an attempt to increase liquidity in the market and draw more local and foreign investors. Exchange traded funds serve as open investment funds which follow the movement of specific indicators, listing and trading their supplementary documents on the stock market as shares and bonds. They allow investors to gain a broad exposure to entire stock markets of different countries and specific sectors with relative ease, on a real-time basis and at a lower cost than many other forms of investing. More»