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 - 2014-04-10 09:34:18
Egypt’s stocks opened lower on Thursday incurring early losses of 511 million Egyptian pounds driven by foreign profit-taking. In return, the main stock index, EGX30 fell below 7759 points at early trade. The Egyptian Exchange indices were wavering on red notes during the opening session of Thursday. Indices The Benchmark EGX30 went down by 0.12% to 7759.15 p, and EGX20 rose by 0.01% to 9236.08 p. Meanwhile, the mid- and small-cap index, the EGX70 decreased by 0.23% to 587.25 p.  Price index EGX100 fell by 0.12% to 1030.36 p. Furthermore, market capitalization reached EGP 462.800 billion, according to data compiled by Amwal Al Ghad English at 11:22 a.m. Cairo time (09:22 GMT). More»
Amwal Al Ghad English - 2014-04-09 14:39:27
The Egyptian Exchange for SMEs – NILEX’s Index inched higher by 3.03% on Wednesday, to close at 882.23 points. Out of 18 securities traded today at the Nile Stock Exchange or NILEX, 3 went down and 12 advanced; while 3 others remained with no change in their values. On Wednesday, the trading volume amounted to around 818 thousand securities, with turnovers nearly worth EGP 2.7 million. BIG Trade and Investment S.A.E. (BIGP.CA on EGX) was the most active in terms of traded value, controlling around 34.1% of the EGP 2.7 million generated today. More»
Yomna Yasser - 2014-04-09 13:41:37
Egypt’s stock market rebounded to end higher on Wednesday with gains totalling 2.4 billion Egyptian pounds. In return, the main stock index – EGX30 surged to close near 7770 points amid foreign buying appetite. Meanwhile, the Egyptian Exchange (EGX) indices were wavering again in green notes on Wednesday afternoon. Indices Egypt’s benchmark index EGX30 closed 0.83 per cent higher to 7768.11 pts; while EGX20 finished 1.07 per cent up to 9234.73 pts.      On the contrary, the mid- and small-cap index, the EGX70 climbed by 1.31 per cent to end at 588.63 pts. The price index EGX100 inched up by 1.24 per cent to conclude at 1031.63 pts.   Furthermore, the market capitalization recorded EGP 463.311 billion on Wednesday. More»
Yomna Yasser - 2014-04-09 09:32:46
Egypt’s stocks tumbled at early trade on Wednesday with losses amounting to 1.3 billion Egyptian pounds amid Arab investors’ sell-offs. Consequently, the main stock index, EGX30 retreated at opening below 7670 points. The Egyptian Exchange indices were wavering on red notes during the opening session of Wednesday. Indices The Benchmark EGX30 inched down by 0.49% to 7667.01 p, and EGX20 also dropped by 0.51% to 9090.36 p. Meanwhile, the mid- and small-cap index, the EGX70 decreased by 0.22% to 579.75 p. Furthermore, market capitalization reached EGP 459.555 billion, according to data compiled by Amwal Al Ghad English at 11:21 a.m. Cairo time (09:21 GMT). More»
Yomna Yasser - 2014-04-08 14:12:02
Egypt’s stock market closed higher on Tuesday with gains totalling 7.5 billion Egyptian pounds bolstered by foreign buying appetite. As a result, the main stock index – EGX30 pushed up to exceed 7700 points. Meanwhile, the Egyptian Exchange (EGX) indices were booming in green notes on Tuesday afternoon. Indices Egypt’s benchmark index EGX30 closed 2.32 per cent higher to 7704.5 pts; while EGX20 finished 2.40 per cent up to 9136.77 pts.      On the contrary, the mid- and small-cap index, the EGX70 jumped by 3.01 per cent to end at 581.01 pts. The price index EGX100 inched up by 2.63 per cent to conclude at 1018.98 pts.   Furthermore, the market capitalization recorded EGP 460.893 billion on Tuesday. More»
Amwal Al Ghad English - 2014-04-08 14:00:26
Egypt is working on reinstating its position in MSCI Emerging Market Index by virtue of the disappearance of several reasons for which MSCI had said it might exclude Egypt from the index. During a meeting with funds, brokerage firms managers on Monday, Dr. Mohamed Omran, Chairman of the Egyptian Exchange (EGX) confirmed that he continues to correspond with MSCI in a bid to convince it not to remove Egypt from MSCI Emerging Market Index, especially after the disappearance of several reasons for which MSCI had said it might exclude Egypt from the index. In mid-2013, MSCI had said it began consultations with investors on the possible removal of Egypt from the MSCI Emerging Markets Index. MSCI, an international provider of investment decisions, said in a statement that it “may be forced’’ to exclude Egypt from the emerging markets index due to recent shortage of Egypt’s  foreign currency reserves.  “The recent shortage of foreign currency on the domestic foreign exchange market is of great concern to international institutional investors,” MSCI said in its review of the annual market classification markets in indexes. Meanwhile, Omran said the decision of the Central Bank of Egypt (CBE) to cover foreign investors’ backlog will bolster Egypt’s position within the MSCI Emerging Markets Index, as this was the main reason behind MSCI’s move. The top official also stated he continues talks with CBE Governor Hisham Ramez and Head of the Egyptian Financial Supervisory Authority (EFSA) Sherif Samy to remove obstacles hindering the inflow of foreign investments to the local exchange. More»
Sara Imam & Islam Salah - 2014-04-08 13:31:53
Egypt-based HC Securities & Investment targets an increase of its current assets to EGP 10 billion by the end of this year, according to chairman Hussein Choucri. Speaking to Amwal Al Ghad on Tuesday, Choucri said HC Securities & Investment is planning an increase of total volume of its current assets to EGP 10 billion from EGP 6 billion by 2014-end. It will be through stimulating HC’s current assets portfolios in addition to the launch of new types of mutual funds by virtue of the recent legislative amendments to funds industry in Egypt, he elaborated. Moreover, HC chairman stated that Egypt’s mutual funds industry will witness within 2014 a remarkable return  spurred by recent legislative amendments announced by the Egyptian Supervisory Authority (EFSA). “In Egypt, there around 91 mutual funds. However, the market still needs new types of funds to meet with investors’ aspirations.” Choucri noted. More»
Yomna Yasser - 2014-04-08 09:23:57
Egypt’s stocks opened higher on Tuesday with gains worth 3.3 billion Egyptian pounds powered by local and non-Arab foreign buying appetite. In return, the main stock index, EGX30 surged at early trade to exceed 7630 points. The Egyptian Exchange indices were wavering on green notes during the opening session of Tuesday. Indices The Benchmark EGX30 inched up by 1.39% to 7634.42 p, and EGX20 hiked by 1.48% to 9054.46 p. Meanwhile, the mid- and small-cap index, the EGX70 increased by 1.06% to 569.99 p.  Price index EGX100 grew by 1.07% to 1003.53 p. Furthermore, market capitalization reached EGP 456.652 billion, according to data compiled by Amwal Al Ghad English at 11:14 a.m. Cairo time (09:14 GMT). More»
Yomna Yasser - 2014-04-07 14:14:35
Egypt’s stock market ended lower on Monday with losses totalling 257 million Egyptian pounds amid non-Arab foreign sell-offs. Yet, the main stock index – EGX30 rebounds on Monday to close at 7530. Meanwhile, the Egyptian Exchange (EGX) indices were wavering in mixed notes on Monday afternoon. Egypt’s bourse management held on Monday an emergency meeting with heads of brokerage firms and funds, to review reasons behind the recent massive decline in equities. Dr. Mohamed Omran, EGX Chairman said he will hold an emergency meeting with managers of brokerage firms and funds operating in the local exchange, both governmental and private, to look into the market conditions and reasons behind the recent steep decline in equities. The top official invited fund managers to discuss reasons for the selling tendency of some funds over the recent period that drove stocks and indexes lower. More»
Abdel Haleem Elgendy & Maha Essam - 2014-04-07 13:43:03
Four leading property developers in Egypt announced today plans to issue initial public offerings for 20-30% of their shares on local stock market next year. On the sidelines of the Cityscape Real Estate Summit, Emaar Misr, Arabia Group for Real Estate & Tourism Investment, Misr Italia, and Manazel Real Estate Development said they are aiming for IPOs for 20-30% of their shares on the Egyptian Exchange (EGX) by the beginning of 2015. The IPOs plans come by virtue of financing ongoing projects including delivering units in time besides carrying out future expansions in the market. In this respect, Tarek Shoukry – CEO of Arabia Group for Real Estate & Tourism Investment – stated that his firm plans IPOs for 25-30% of its shares on the EGX within the first quarter of 2015. The IPO plans shall fund Arabia Group’s future expansions and speed up the implementation of its ongoing projects, he added. Arabia Group is currently working on finalizing the assessment process so as to select the financial advisor for its highly-anticipated flotation on the Egyptian bourse, Shoukry noted. Meanwhile, Hany El Assal – CEO and Chairman of Misr Italia – said his firm is targeting an IPO for 20% of its shares on EGX within the current year. “Misr Italia is currently in talks with 3 investment banks, notably Beltone Financial to pitch for the assessment process.” El Assal added. He further elaborated that the IPO plans of Misr Italia comes within the framework of funding its future expansions in the market. Moreover, Mohamed Alabbar, Chairman of UAE’s property developer Emaar, said in a recent statement last March 16th, his firm is preparing its Egyptian unit for an IPO in Egypt. He further highlighted that the listing of the Egyptian unit was spurred by the solid results achieved by the company. He added that defining the volume and value of the share offering is underway. Emaar is in the final stages of discussions with banks on the best way to conduct the listing, he elaborated. Furthermore, Manazel Real Estate Development – Egyptian unit of Kuwait-based Manazel Holding – also studies issuing an IPO for some of its shares on the EGX within the current, according to sources spoke on condition of anonymity on Monday. The IPO will go for  Manazel’s New Cairo-based Layan Residence project which spreads on nearly 1 million sq m. More»