amwalalghad :: EGX

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        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

Amwal Al Ghad English - 2014-07-23 11:10:57
The Egyptian Exchange (EGX) is halting its trading sessions today, Wednesday, marking it as an official holiday on the occasion of the July 23 Revolution. The stock market will resume work on Thursday, July 24, 2014. More»
Yomna Yasser - 2014-07-22 12:31:41
Egypt's stocks closed higher Tuesday with gains totalling 2.4 billion Egyptian pounds triggered by foreign investors' buying appetite. In return, the country's main stock index, EGX30 surged above 8560 points. Meanwhile, the Egyptian Exchange's indices were wavering in green notes during closing session of Tuesday. EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time. Indices Egypt’s benchmark index EGX30 ended 1.08 per cent higher to 8563.06 pts; while EGX20 finished 0.92 per cent up to 10271.39 pts.      In addition, the mid- and small-cap index, the EGX70 grew by 0.54 per cent to finish at 616.24 pts. The price index EGX100 increased by 0.61 per cent to conclude at 1088.75 pts.   Furthermore, the market capitalization recorded EGP 491.289 billion on Tuesday. More»
Yomna Yasser - 2014-07-22 10:37:53
Egypt's stocks rose during Tuesday's midday session, attaining gains 2.3 billion Egyptian pounds backed by foreign investors' buying appetite. Accordingly, the country's main stock index, EGX30 exceeded 8550 points. Meanwhile, the EGX indices were wavering in green notes during the midday session of Tuesday. EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan. The exchange is opened from 10:00 to 13:30 Cairo time during Ramadan. Indices The Benchmark EGX30 surged by 0.95% to 8551.43 p, and EGX20 hiked by 0.77% to 10255.79 p. In addition, the mid- and small-cap index, the EGX70 increased by 0.43% to 615.56 p. Yet, the Price index EGX100 grew by 0.52% to 1087.8 p. Furthermore, market capitalization reached EGP 491.213 billion, according to data compiled by Amwal Al Ghad English at 12:29 p.m. Cairo time (10:29 GMT). More»
Ahmed El Demerdash - 2014-07-22 10:23:25
Egyptian global depository receipts (GDRs) traded on the London Stock Exchange (LSE) ended mostly flat in values during Monday's trading. The GDRs of Lecico Egypt S.A.E. (LECI), investment bank EFG-Hermes Holding S.A.E. (EFGD), and Orascom Construction Industries (ORSD) closed with no change at their values of $3.50, $4.50, and $40, respectively. Meanwhile, the Commercial International Bank Egypt (CBKD)'s GDRs pushed down by 2.12% to close at $5.07. The GDRs of Orascom Telecom Media and Technology Holding S.A.E. (OTMT) also dropped by 1.12% to end at $0.88. More»
Yomna Yasser - 2014-07-21 13:16:39
Egypt's stocks ended lower on Monday incurring losses worth 3 billion Egyptian pounds amid local and Arab investors' sell-offs. Consequently, the country's main stock index, EGX30 further retreated below 8475 points. Meanwhile, the Egyptian Exchange's indices were wavering in red notes during closing session of Monday, except for mid- and small-cap index, the EGX70, which solely rose. EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time. Indices Egypt’s benchmark index EGX30 ended 1.22 per cent lower to 8471.15 pts; while EGX20 finished 1.24 per cent down to 10177.63 pts.      In addition, the mid- and small-cap index, the EGX70 rose by 0.30 per cent to finish at 612.94 pts. The price index EGX100 dipped by 0.01 per cent to conclude at 1082.16 pts.   Furthermore, the market capitalization recorded EGP 488.859 billion on Monday. More»
Enas Shabaan - 2014-07-21 12:58:07
Edita Food Industries, an Egyptian snacks maker part-owned by London-based buyout firm Actis LLP, is planning to launch its initial public offering by end of fiscal year of 2014-2015. One of the key reasons behind Edita's IPO plans is to find new financing tools so as to implement future expansions and provide a new mechanism that would facilitate receiving new investors and exit of others, said Chairman and CEO Hani Berzi. Berzi futher told Amwal Al Ghad that Edita is currently in talks to select the investment bank that would assist in its coming share sale in the Egyptian Exchange (EGX). The company will determine the amount of the capital raise after concluding its ongoing financial assessments. Products from Edita, the largest independent snack food business in North Africa, include Molto, Todo, Bak Rolz, Twinkies and Hohos. More»
Yomna Yasser - 2014-07-21 09:12:30
Egypt's stocks opened trading session on Monday lower with losses at value of 2.1 billion Egyptian pounds driven by local and Arab investors' selling pressures. In addition, the country's main stock index, EGX30 started trading in red below 8490 points. Meanwhile, the EGX indices were wavering in red notes during the opening session of Monday, except for the mid- and small-cap index, the EGX70, which remained flat. EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan. The exchange is opened from 10:00 to 13:30 Cairo time during Ramadan. Indices The Benchmark EGX30 tumbled by 1% to 8489.5 p, and EGX20 pushed down by 0.99% to 10203.04 p. In addition, the mid- and small-cap index, the EGX70 remained with no change at 611.11 p.  Price index EGX100 fell by 0.13% to 1080.87 p. Furthermore, market capitalization reached EGP 489.766 billion, according to data compiled by Amwal Al Ghad English at 11:01 a.m. Cairo time (09:01 GMT). More»
Islam Salah - 2014-07-21 08:47:30
In the light of the developments taking place in the Egyptian stock exchange, market stability and trading rates returning to its normal levels, the Egyptian bourse decided, after coordinating with market regulator EFSA, to cancel some precautionary measures that were adopted after the revolution of January 2011. The market will be back to Price Discovery Session starting from August 7, 2014.  Price limits for the main market will be10% and NILEX 5%. The Egyptian Exchange (EGX) also modified trading to be 4:30 hours. Trading session will start from 10:00 a.m. and ends at 2: 30 p.m. right after the holy month of Ramadan. Dr. Mohamed Omran, EGX Chairman, stated that the recent stability helped us to cancel a number of precautionary measures adopted after the revolution of 2011.   The price discovery session will be has been updated with many amendments to truly reflect any development may occur since the closing of the previous day's trading session.  Omran said that these changes gives a clear message to investors that the Egyptian stock market has recovered from the events of recent years, and the situation in Egypt has returned to normal.  He added that acquisitions by foreign investors on Egyptian companies have risen significantly in recent months as well as Morgan Stanley announced keeping EGX in the emerging markets index, confirming the return of foreign investor appetite for the promising Egyptian market again. Omran is optimistic that the coming period will witness a considerable interest in the capital market require increased trading hours.  He expressed confidence in the improved economic performance in the coming period and at the same time, the ability and readiness to contribute to the process of economic growth during the coming period. More»
Yomna Yasser - 2014-07-20 12:37:11
Driven by key interest rates hikes and killing of 21 military border guards, Egypt's stocks closed Sunday lower with losses totalling 2.36 billion Egyptian pounds. In return, the country's main stock index, EGX30 pushed down below 8580 points over local investors' selling pressures. Meanwhile, the Egyptian Exchange's indices were wavering in red notes during closing session of Sunday. Egyptian presidency announced three days of national mourning after gunmen killed 21 military border guards Saturday near the border with Libya in one of the largest assaults targeting security forces in years. Late Thursday, the Central Bank of Egypt made a surprise decision to hike interest rates raised by 100 basis points each to keep inflation in check. The Monetary Policy Committee, in a statement posted on the Egyptian central bank website, said "a pre-emptive rate hike is warranted to anchor inflation expectations and hence limit a generalized price increase, which is detrimental to the economy over the medium-term." The Monetary Policy Committee raised the overnight deposit rate, overnight lending rate, and the rate of the central bank's main operation each by 100 basis points to 9.25%, 10.25%, and 9.75%, respectively. The discount rate was also raised by 100 basis points to 9.75%, it said. EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time. Indices Egypt’s benchmark index EGX30 ended 0.72 per cent lower to 8575.4 pts; while EGX20 finished 1.02 per cent down to 10305.35 pts.      In addition, the mid- and small-cap index, the EGX70 inched down by 0.66 per cent to finish at 611.11 pts. The price index EGX100 dropped by 0.67 per cent to conclude at 1082.27 pts.   Furthermore, the market capitalization recorded EGP 491.864 billion on Sunday. More»
Amwal Al Ghad English - 2014-07-20 11:40:11
Catalyst Partnershosted an event at The Four Seasons Nile Plaza, Cairo, Egypt to unveil its Medium Size/ Family incubation model designed for the Egyptian market and reveal itssuccess at turning around one of its Incubated Partners Green Valley Group from a distressed company with several unfocused business lines and significant leverage liabilities to reclaim its position as a top local producer and exporter of ‘in-shell’ raw peanutsand a pioneer of branded packaged and loose peanuts, “Krinko” and “Peanutcho” respectively. Green Valley Group was transformed from a centralized business ‘one man show’ to an institution through the unique tailor-made‘Incubation Process’ designed by Catalyst Partners. Aly El-Tahry, Catalyst Partners Managing Partner, disclosed to the attendees that Catalyst Partners works with its ‘Incubated Partners’ (IP) to design, implement and monitor the IP’s vision, strategy, corporate governance, organizational infrastructure, internal report & processesand re-structure &secure financialrequirements either debt and equity by leveraging CP’s expertise. Catalyst Partners brings Incubated Partners to a certain critical massthat is would be ready and ripe to be offered on Egypt’s stock exchanges, feeding the equity market with attractive, liquid traded securities featuring high underlying growth. Amr El Sammak, CEO of Green Valley for Food Processing a subsidiary of Green Valley Group, emphasized during the event on Catalyst Partners contribution in transforming Green Valley Group from a distress company to a leading peanut company in MENA region within 2 years of partnering with Catalyst Partners and disclosed that Green Valley Group with the support of CP is in the process of go public by the end of 2015 in the Egyptian Stock Exchange. Amr said, “Going public is not the end of the transformation of Green Valley Group, on the contrary, it is the beginning of a new transition of Green Valley Group with Catalyst Partners to become a global company” More»