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        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        Canal Shipping Agencies   7.39        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        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

Aya Salah Eddin - 2015-11-12 14:13:01
Egypt's stock market slightly higher Thursday with gains amounting to 703 million Egyptian pounds (US$89.8 million) pushed by local investors’ buying appetite. Market capitalisation has recorded 425.236 billion pounds during the closing session of Thursday. Indices Egypt’s benchmark index, EGX30 increased 0.07 percent to 6806.67 points. The newly-launched EGX50 EWI index went up 0.46 percent to 1151.97 points. EGX20 grew 0.24 percent to 6583.23 points. In addition, the mid- and small-cap index EGX70 hiked 0.81 percent to 365.33 points. The price index, EGX100 rose 0.08 percent 787.14 points. More»
Noha Gad - 2015-11-11 14:20:39
Egypt's stocks concluded mostly lower on Wednesday with losses worth 1.3 billion Egyptian pounds (US$166 million). The market capitalisation has reached 424.533 billion pounds during the closing session of Wednesday. Indices Egypt’s benchmark index, EGX30 fallen by 0.33 percent to 6801.9 points. The newly-launched EGX50 EWI index went down by 0.52 percent to 1146.69 points. EGX20 solely increased by 0.06 percent to 6567.76 points. In addition, the mid- and small-cap index EGX70 declined by 0.31 percent to 362.39 points. The price index, EGX100 shrunk by 0.46 percent to 786.53 points. More»
Amwal Al Ghad English - 2015-11-10 13:24:55
Egypt's stock market continued its losing streak for the third day this week, incurring losses Tuesday worth 13.4 billion Egyptian pounds (US$1.6 billion). Benchmark index, EGX30, dived 4.40 percent on Tuesday’s session to record 6824.74 points, lowest since August 17th, after falling by 2.8 percent and 2.6 percent the previous sessions. This comes after more banks joined the race to raise interest rates for savings certificates, increasing speculation on the monetary policy. On Sunday, Egypt's largest two state-owned banks launched savings certificates for Egyptian pounds at an interest rate of 12.5 percent, above the average 10 percent currently offered by banks. The move created speculation for a possible floatation of the pound and a possible interest rate hike by the central bank. The market capitalisation has recorded 425.828 billion pounds during the closing session of Tuesday. Other factors The drop is caused by negative international and external factors, according to Global Head of Research at Mubasher Financial Services Amr Elalfy. “Internally, you have the Russian plane, the impacted tourism, and the countries that have suspended flights to Sharm el-Sheikh,” said Elalfy. The arrest of prominent Egyptian businessmen Salah Diab and his son Tawfik Diab on charges of possessing unlicensed weapons days after a corruption probe was launched against them also spooked investors, according to Chairman of Egyptian brokerage firm Acumen Securities Osama Mourad. Meanwhile, Egypt's annual inflation rate accelerated to 10.3 percent in October compared to 9.2 percent in September, official statistics agency CAPMAS announced on Tuesday. Urban annual inflation rate reached 9.7 percent and rural inflation rate hit 10.9 percent. More»
Amwal Al Ghad English - 2015-11-10 08:57:49
Chairman of the Egyptian bourse Mohamed Omran stated that he received an official notice from the general prosecution Friday to freeze the assets and accounts of Egyptian business mogul Salah Diab and 16 others, state owned MENA agency reported. Omran said the bourse administration immediately implemented the decision, banning the named businessmen from trading in the stock market. On Sunday, a Giza prosecution ordered the detention of Diab for four days for questioning over his alleged possession of unlicensed firearms. Diab, a business mogul and the co-owner of Egypt's largest independent daily Al-Masry Al-Youm, was arrested early on Sunday morning at his villa in Giza on charges of possessing unlicensed firearms after security forces stormed his house on orders from the prosecution, according to his family lawyer. Diab's lawyer Farid El-Deeb said that his client’s arrest and that of his son at the same time had nothing to do with the corruption probe launched against his client and the freezing of his assets last week, Al-Masry Al-Youm reported on Sunday. The Public Funds Prosecution Bureau had received a complaint in 2011 that Diab and the other suspects had acquired agricultural land on the Alexandria Desert Road from the agriculture ministry at very low price, and built tourist resorts on those plots in violation of the contract. The prosecutor-general had ordered that Diab's assets be frozen on Friday, along with those of his wife and a number of other associates, including other co-founders of the newspaper. Cairo Criminal Court will hold a session to rule on the asset freeze on Tuesday. More»
Aya Salah Eddin - 2015-11-09 14:36:51
Egypt's stock market declined on Monday with losses estimated at 4.5 billion Egyptian pounds (US$560.4 million) on Non-Arab sell off . The market capitalisation has recorded 439.231billion pounds during the closing session of Monday. Indices Egypt’s benchmark index, EGX30 dropped by 2.84 percent to 7138.81 points. The newly-launched EGX50 EWI index went down by 2.01 percent to 1203.52 points. EGX20 declined by 2.67 percent to 6877.03 points. In addition, the mid- and small-cap index EGX70 decreased by  1.47 percent to 378.05 points. The price index, EGX100 sagged by 1.42 percent to 818.01 points. More»
Noha Gad - 2015-11-08 14:30:36
Egypt's stock market slid Sunday incurring losses worth 8.5 billion Egyptian pounds (US$1.05 billion) on local and foreign selling pressures. The market capitalisation has reached 443.807 billion pounds during the closing session of Sunday. Severe blow A number of European states decided to suspend their passenger flights to the Egyptian resort after the Russian airliner has crashed in Sinai Peninsula while heading to St. Petersburg from Sharm El Sheikh. Moscow halted passenger flights to Egypt in the wake of the crash of a Russian jet in Egypt; a move that is considered to be a ‘severe blow’ to the country’s tourism industry, according to Mohamed Youssef, Adviser to Egyptian Minister of Tourism. The tourist industry generates more than 11 percent of Egypt's GDP. Indices Accordingly, Egypt’s benchmark index, EGX30 sagged by 2.58 percent to 7347.22 points. The newly-launched EGX50 EWI index plummeted 3.48 percent to 1228.16 points. EGX20 slumped by 3.51 percent to 7065.5 points. In addition, the mid- and small-cap index EGX70 edged down by 3.43 percent to 383.69 points. The price index, EGX100 fall 2.67 percent to 829.69 points. Turnovers low On Sunday, the bourse’s trading volume has recorded 311.126 million securities, with turnovers closed at EGP 652.802 million, exchanged through 21,507 thousand transactions. Also during the closing session, 185 listed securities have been traded in; 141 declined, 12 advanced; while 27 kept their previous levels. Investors’ Activities Egyptian and non-Arab investors were net sellers on Sunday seizing 84.17% and 9.49% respectively of the total markets, with a net equity of EGP 12.202 million and EGP 24.351 million, respectively, excluding the deals. On the contrary, the Arab investors were net buyers getting 6.33% of the total market, with a net equity of EGP 36.553 million, excluding the deals. More»
Aya Salah Eddin - 2015-11-05 14:15:25
Egypt's stock market surged Thursday with gains worth 3.6 billion Egyptian pounds (US$448.5 million). Main index climbed 1.23 percent to end at 7541.72 points, as real estate developer Talaat Mostafa surged 5.9 percent and Palm Hills Development added 6.1 percent. Market capitalisation has recorded 452.308 billion pounds during the closing session of Thursday. Indices EGX50 EWI index edged higher 1.66 percent to 1272.39 points. EGX20 hiked 2.09 percent to 7322.48 points. In addition, the mid- and small-cap index EGX70 grew 1.54 percent to 397.33 points. The price index, EGX100 rose 1 percent 852.52 points. More»
Amwal Al Ghad English - 2015-11-04 15:07:51
Egypt's stock market rebound Wednesday posting humble gains worth 116 million Egyptian pounds (US$14.4 million). Benchmark index, EGX30 rose 0.23 percent to 7450.36 points. Market capitalisation hit 448.693 billion pounds during the closing session of Wednesday. Indices EGX50 EWI index went up 0.11 percent to 1251.6 points. EGX20 increased 0.35 percent to 7172.38 points. In addition, the mid- and small-cap index EGX70 grew 0.47 percent to 391.29 points. The price index, EGX100 edged up 0.15 percent to 844.08 points. More»
Amwal Al Ghad English - 2015-11-04 12:20:16
Egypt's Beltone Financial Holding (BTFH.CA) expects to run four stock market flotations totalling more than 2.5 billion Egyptian pounds ($311 million) in the first half of 2016 on the back of improved market conditions, its chairman said. The offerings, including one by Beltone Capital, managed by Beltone Financial's private equity arm, had been expected in 2015 but were postponed when an emerging markets rout deterred investors from Egyptian markets. "These IPOs were not canceled, they were postponed because of market conditions ... We hope to (issue) them in the first half of 2016," Aladin Saba, who founded Beltone in 2002, told Reuters at the Reuters Middle East Investment Summit. Emerging market assets sold off over the summer due to worries about a slowdown in China, weakening commodity prices, and the possibility of a U.S. interest rate rise. The turmoil saw Egypt's main equities index .EGX30 plunge from above 10,000 points in February to a low of 6,641 in August. It last closed at 7,435. Saba declined to name the companies planning floats but said they included one in the oil sector and two in consumer goods. Beltone, which has brokerage, asset management, investment banking and private equity operations, is also pushing ahead with plans to invest 300 million Egyptian pounds in non-banking financial services in Egypt. INVESTMENT PLANS The investment programme, two thirds of which was financed by a share issue, was planned for 2015 but will be now be continued into 2016, Saba said. "We have not spent the money yet ... If the plans we are working on go through then we will have spent around 170 million pounds in 2015," he said. As part of that programme, Beltone is looking to invest in leasing and mortgage finance, Saba said. Beltone won a license last year to manage Egypt's first exchange traded fund (ETF), dubbed XT-MISR, which tracks the top 30 companies and was expected to help boost bourse liquidity. Saba said poor market conditions meant XT-MISR had not been as successful as hoped. Beltone is seeking to register it on Nasdaq Dubai in the first quarter of 2016 in hope of taking the product to a wider audience, Saba said. Egypt has struggled to restore growth and lure back foreign investors since the 2011 uprising that ended Hosni Mubarak's 30-year rule and ushered in a period of political instability. The economy grew 4.2 percent last year, higher than the previous few years but still below the levels of between 5 and 7 percent it achieved before the revolt. Saba is optimistic Egypt's economy is on a recovery path in light of a major gas find in the Mediterranean, but said a currency crisis was deterring investors. Egypt introduced strict controls on capital in February to shut down a black market in dollars. "When someone wants to put his money in the country while being aware that there is a devaluation on the way, he will wait until the devaluation happens," Saba said. Saba declined comment on an offer for Beltone from Orascom Telecom Media and Technology (OTMT.CA). Egypt's regulator is looking into the offer. More»
Amwal Al Ghad English - 2015-11-04 08:36:48
Egypt's stock exchange was hit by this year's rout in emerging markets, leading firms to postpone share offerings and liquidity to dry up, but parliamentary elections should help restore investor confidence in 2016, chairman Mohamed Omran said. Interviewed at the Reuters Middle East Investment Summit, Omran said about a dozen companies had registered a new listing on the Egyptian market in 2015, but only half of these had proceeded with an initial share issue. The others received permission to delay their IPOs, which are usually expected to be launched within six months of listing. Most hope to offer their shares in the first half of 2016, once liquidity and prices recover, Omran said. Emerging market assets sold off over the summer due to worries about a slowdown in China, weakening commodity prices, and the possibility of a U.S. interest rate rise. "The second half of 2015 was a difficult period, not just for the bourse but for the economy as a whole," Omran said. "I am cautiously optimistic because I think the Egyptian economy has what it takes to return to growth, to attract investment and to improve the investment climate." The stock index .EGX30 fell dramatically this year, from a high above 10,000 points in February to a low of 6,641 points in August. It last closed at 7,435 points. "All the delays in IPO plans are because they say the liquidity is not there," Omran said. Long-delayed parliamentary elections, due to conclude this month, should give foreign investors confidence that political stability is returning, he argued. "We have an opportunity ... to begin a new chapter, a new beginning in 2016," he said. This would enable Egypt to speed up steps to boost growth and improve the climate for investors, he said. Egypt has been without a parliament since June 2012, when a court dissolved the main chamber. UPHEAVAL The last few years have been difficult for the Egyptian economy. The mass uprising that overthrew Hosni Mubarak in 2011 ushered in a period of political upheaval that saw economic growth plummet and shares tumble. Investors began to return in 2014, with trading volumes in the main stock index .EGX30 rebounding above 2010 levels and some 13 new companies listing. The Egyptian economy also picked up, growing by 4.1 percent in the last fiscal year to June. Egypt saw three large IPOs in the first half of 2015 worth a total of about 6 billion Egyptian pounds ($745 million). Among companies looking to list, with a view to launching IPOs next year, are cheese maker Domty and real estate company Misr Italia, Omran said. He declined to give details about the sizes of their potential IPOs, but predicted most IPOs next year would be "small to medium". Omran said the bourse turned enough profit in 2014 to cover the three preceding years of losses and would make a surplus again this year, but he declined to give figures. The central bank introduced capital controls in February to crush a once-thriving black market in dollars. The restrictions have raised concerns among some investors that they will not be able to import raw materials or repatriate profits. Egypt operates a special fund to help foreign investors repatriate their money, but the currency crisis is one of many problems that has created a negative image among foreign investors, Omran said. "The money is there, but the confidence needs to be there for liquidity to return," he said. More»