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        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        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        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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 - 2015-03-16 14:47:56
Egypt stocks tumbled on Monday encountering losses worth 2.03 billion (US$266.1 million) driven by local and non-Arab foreign investors’ selloffs. Consequently, the country’s main stock index, EGX30 dived below 9530 points. The rest of the Egyptian Exchange’s indexes were also wavering in red notes during the closing session of Monday. Indices: The benchmark index, EGX30 inched down by 2.03 percent to close at 9529.01 points. EGX20 sank by 2.19 percent to 10387.56 points. In addition, the mid- and small-cap index EGX70 dropped by 1.60 percent to 549.36 points. The price index, EGX100 fell by 1.52 percent to 1108.24 points. Turnovers climb On Monday, the trading volume has reached 97.904 million securities, with turnovers closed at EGP 1.844 billion, exchanged through 18.228 thousand transactions. Also during the closing session, 173 listed securities have been traded in; 127 declined, 17 advanced; while 24 kept their previous levels. Furthermore, the market capitalization recorded EGP 523.215 billion on Monday. More»
Amwal Al Ghad English - 2015-03-16 09:00:25
Egyptian foodmaker Edita has set an indicative price of between 16.80 and 18.50 Egyptian pounds per share for a secondary public offering, it said on Monday. The company said earlier this month that major shareholders would put 30 percent of its ordinary shares on the Egyptian stock market. Its statement said the final price could be revised up or down. It plans an institutional offering of ordinary shares on the Egyptian bourse and for global depository receipts (GDRs) to be listed in London. Each GDR will represent five ordinary shares. There would also be a separate domestic offering of ordinary shares, the company has said. Sources told Reuters earlier this month that Edita was seeking to raise 2 billion Egyptian pounds ($262 million) from its offer on the Cairo bourse, and that trading was expected to begin in April. A flurry of mergers and rights issues have boosted activity on the Cairo exchange, which had struggled to win investor confidence during four years of political and economic turmoil since the Arab Spring uprising. Egypt's government last year launched long-delayed reforms aimed at luring back foreign investors and shoring up growth while cutting a ballooning budget deficit. This weekend it hosted a high-profile investment summit where billions of dollars of investment were pledged. More»
Yomna Yasser - 2015-03-15 14:55:32
Egypt stock market shares gained Sunday 1.9 billion Egyptian pounds (US$249.2 million) propelled by the economic conference’s success in injecting billions of dollars worth of aid and investments in the country. Egypt has signed deals worth a total of $38.2 billion, besides the $12.5 billion pledged by Gulf leaders, during the economic conference, Egyptian Minister of Investment Ashraf Salman said at a presser on Sunday. The sum includes investment deals worth $33 billion and European aid and grants amounting to $5.2 billion, said Salman. Announced investments were concentrated in the oil and gas sector and power generation sectors. The largest deal was signed with British Petroleum, which committed $12 billion to develop gas resources and condensates to develop gas resources and condensates in the West Nile Delta over four years. Egypt has also signed Memorandums of Understanding (MOUs) for potential deals worth $92 billion at the conference, according to Salman. Indices: The benchmark index, EGX30 surged by 0.88 percent to close at 9726.03 points. EGX20 grew by 0.83 percent to 10619.75 points. In addition, the mid- and small-cap index EGX70 went up by 0.36 percent to 558.29 points. The price index, EGX100 rose by 0.46 percent to 1125.36 points. Turnovers On Sunday, the trading volume has reached 115.620 million securities, with turnovers closed at EGP 613.071 million, exchanged through 18.301 thousand transactions. Also during the closing session, 172 listed securities have been traded in; 45 declined, 96 advanced; while 28 kept their previous levels. Furthermore, the market capitalization recorded EGP 525.248 billion on Sunday. More»
Yomna Yasser - 2015-03-12 14:54:08
Ahead of Sharm El-Sheikh landmark economic summit, Egypt’s stock market shares closed this week in mixed notes. The market capitalisation incurred losses worth 1.3 billion Egyptian pounds (US$170.3 million) amid cautious local and Arab investors’ sell-offs. Egypt braces one of its biggest economic events tomorrow in Sharm El-Sheikh, aiming to lure foreign business and restore investors’ confidence in the country. the event will take place on two days, March 12-13 in Sharm El-Sheikh. The country’s main stock index, EGX30 surged above 9640 points during the closing session of Thursday. Indices: The benchmark index, EGX30 went up by 0.67 percent to close at 9640.77 points. EGX20 rose by 0.18 percent to 10532.15 points. In addition, the mid- and small-cap index EGX70 tumbled by 0.11 percent to 556.3 points. The price index, EGX100 fell by 0.02 percent to 1120.18 points. Turnovers climb On Thursday, the trading volume has reached 96.589 million securities, with turnovers closed at EGP 1.549 billion, exchanged through 19.100 thousand transactions. Also during the closing session, 183 listed securities have been traded in; 83 declined, 51 advanced; while 41 kept their previous levels. Furthermore, the market capitalization recorded EGP 523.270 billion on Thursday. More»
Islam Salah - 2015-03-11 15:42:34
Egypt’s stock market is studying listing request from two firms, whose capitals worth more than 205 million Egyptian pounds (US$26.8 million). From his part, Mohamed Omran – Chairman of the Egyptian Exchange (EGX) – said the bourse “is racing against time to allow highest number of companies” to join and enjoy the stock market’s financing benefits. Under the symbol OC, Orascom Construction has started trading on Wednesday on EGX, as the first foreign company to be dual listed on Egypt’s equity market in almost twenty years.Earlier this month, the Listing Committee of Egyptian Stock Exchange (EGX) approved Emaar Properties PJSC and Orascom Construction (OC) listings in EGX, with capitals amounting to US$878 million and US$105 million, respectively. These are the biggest listing operations in EGX for almost five years.Omran assured in earlier statements that the capital listed during the first quarter of 2015 is roughly US$2 billion, which is equal to the capital listed during 2014 and 2013, and two-thirds of the capital listing volume between 2011 and 2014. He added that it is an important indication that the economy has started to head in the right direction, and with continuing economic reforms, it can get back to high growth rates allowing it to achieve economic and social development goals. In its 2013-2017 strategy, EGX relied on an intensive campaign aiming to attract strong companies in order to strengthen the market, which is done through intensive advertising campaigns targeted to convince powerful companies of the importance of listing in the Egyptian market, instead of companies waiting to be listed, which contributed to listing a lot of companies during the last 15 months. More»
Yomna Yasser - 2015-03-11 13:47:52
Egypt’s stock market shares ended Wednesday in negative red notes amid foreign sell-offs. Yet, the bourse’s market capitalisation has gained around 7.8 billion Egyptian pounds (US$1 billion). Indices: The benchmark index, EGX30 edged lower by 1.37 percent to close at 9576.46 points. EGX20 sank by 2.04 percent to 10513.3 points. In addition, the mid- and small-cap index EGX70 plummeted by 1.16% to 556.89 points. The price index, EGX100 sagged by 1.05% to 1120.39 points.Orascom Construction has started trading on the EGX today, as the first foreign company to be dual listed on Egypt’s equity market in almost twenty years. Turnovers drop On Wednesday, the trading volume has reached 101.743 million securities, with turnovers closed at EGP 638.094 million, exchanged through 20.802 thousand transactions. Also during the closing session, 178 listed securities have been traded in; 116 declined, 24 advanced; while 37 kept their previous levels. Furthermore, the market capitalization recorded EGP 524.588 billion on Wednesday. More»
Islam Salah - 2015-03-11 11:26:50
Egypt’s stock market enjoys strong ability to lure global companies, chairman Mohamed Omran said on Wednesday following the start of trading on Orascom Construction. Under the symbol OC, Orascom Construction has started trading on Wednesday on the Egyptian Exchange (EGX), as the first foreign company to be dual listed on Egypt’s equity market in almost twenty years. Omran stressed the market’s strong ability to attract global companies that see in Egypt a highly competitive market and thus seek to have a presence in it even if they are listed elsewhere. In addition, OC’s offering was a major one and was covered in a record time, thus proving the existence of abundant liquidity in the local market, Omran noted. Furthermore, the Egyptian top official also stressed that OC share listing would be a key instrument for promoting Egypt’s stock market during the country’s economic summit this week. OC operates with issued and paid-in capital amounting to 118,041,492 shares, including the newly issued ones. The stock trades on NASDAQ Dubai in the US dollar and on Egypt bourse in the Egyptian pound. Osama Beshay, chief executive officer, OC, expressed delight at his company’s debut on Egypt’s market, adding that OC will start a new phase of strong growth. “We believe that OC’s dual listing on NASDAQ Dubai and EGX will facilitate investment in the stock by the company’s current and future shareholders,” said Beshay. More»
Yomna Yasser - 2015-03-10 14:10:22
Egypt’s stock market shares dropped on Tuesday incurring losses worth 1.3 billion Egyptian pounds (US$170.3 million) driven by local investors’ sell-offs. The country’s main stock index, EGX30 slightly retreated below 9710 points. The rest of the Egyptian Exchange’s indices were also wavering on red negative notes during the closing session of Tuesday. Indices: The benchmark index, EGX30 dipped by 0.04 percent to close at 9709.5 points. EGX20 fell by 0.22 percent to 10731.69 points. In addition, the mid- and small-cap index EGX70 tumbled by 0.52% to 563.45 points. The price index, EGX100 dropped by 0.34% to 1132.29 points. Turnovers jump On Tuesday, the trading volume has reached 153.393 million securities, with turnovers closed at EGP 2.201 billion, exchanged through 24.308 thousand transactions. Also during the closing session, 181 listed securities have been traded in; 101 declined, 44 advanced; while 33 kept their previous levels. Furthermore, the market capitalization recorded EGP 516.728 billion on Tuesday. More»
Amwal Al Ghad English - 2015-03-10 12:30:30
Egypt's stock exchange said on Tuesday that it had yet to set the date for shares of Orascom Construction (OC) to start trading on the bourse, following the company's $185 million public offer. The bourse said in a statement that the stock would be added to its database on Wednesday, "following which, the Operations Committee will determine the start date to commence trading on the company's shares, as well as shares' opening price." The stock started trading on the NASDAQ Dubai exchange on Monday and OC chief executive Osama Bishai told reporters at the listing ceremony in Dubai that trading in Egypt would start no later than Wednesday, having been delayed by the transfer of documents between the bourses. OC sold 11 percent of its shares in a public offer at a price of 108.71 pounds ($14.25) per share, securing a dual listing on the Egyptian bourse and NASDAQ Dubai. The shares rose to $14.69 in Dubai on Monday, but dropped to $14.10 on Tuesday. More»
Yomna Yasser - 2015-03-09 17:09:15
Egypt’s stocks gain on Monday 1.4 billion Egyptian pounds (US$183.6 million) powered by foreign investors’ buying appetite. The country’s benchmark index, EGX30 also continued its upward trend to close trading above 9710 points. The rest of the Egyptian Exchange’s indices were also wavering on green positive notes during the closing session of Monday, except for the mid- and small-cap index EGX70, which solely fell. Indices: The benchmark index, EGX30 grew by 0.78 percent to close at 9713.61 points. EGX20 rose by 0.60 percent to 10754.89 points. In addition, the mid- and small-cap index EGX70 slumped by 0.28% to 566.38 points. The price index, EGX100 advanced by 0.03% to 1136.14 points. Turnovers still below EGP1 billion On Monday, the trading volume has reached 112.875 million securities, with turnovers closed at EGP 594.599 million, exchanged through 19.287 thousand transactions. Also during the closing session, 178 listed securities have been traded in; 79 declined, 62 advanced; while 35 kept their previous levels. Furthermore, the market capitalization recorded EGP 518.019 billion on Monday. More»