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

Islam Salah, Maha Essam & Sayed Badr - 2014-09-18 13:06:18
UAE’s property company Emaar Properties is the most company about fulfilling requirements needed to start actual steps to list on the Egyptian Exchange, EGX chairman Mohamed Omran said during Euromoney Egypt Conference that wrapped up on Wednesday. Emaar had previously said it deterred a plan to list its Egypt arm in EGX due to political turmoil. Yet, it is currently set to hire investment banks to manage its share listing foreseen in the upcoming period. More»
Yomna Yasser - 2014-09-18 08:42:48
Egypt’s stocks kicked off trading higher on Thursday with early gains worth 3.4 billion Egyptian pounds powered by non-Arab foreign investors’ strong buying appetite. In addition, the country’s main stock index, EGX30 hiked at early trade crossing 9675 points. The Egyptian Exchange (EGX)'s indices were wavering in green notes during the opening session of Thursday. Indices The Benchmark EGX30 climbed by 1.05% to 9676.38 p, and EGX20, also pushed up by 1.31% to 11490.6 p. In addition, the mid- and small-cap index, the EGX70 grew by 0.71% to 630 p.  Price index EGX100 inched up by 0.91% to 1147.3 p. Furthermore, market capitalization reached EGP 525.283 billion, according to data compiled by Amwal Al Ghad English at 11:29 a.m. Cairo time (08:29 GMT). More»
Amwal Al Ghad English - 2014-09-18 08:08:38
Chairman of the Egyptian Stock Exchange Mohamed Omran described the main stock index as generally good, having made remarkable progress in recent times. Omran anticipates continued growth compared to the last three years. He said that the recent rise of the stock exchange indicators reflects restored confidence from local and foreign business and financial communities. However, economic indicators are still marred by persistent unemployment, debt, the budget deficit, and inflation – 7% growth is needed to overcome these challenges. During the first session of the Euromoney conference on Wednesday, Omran said that Egypt is one of the largest capital markets in the MENA region. Regarding the treasury bonds that were made public by the Egyptian government, Omran said that an understanding has been made between the Central Bank of Egypt and the capital market. He added that a way must be found for the treasury bonds to be offered on the stock market. According to Omran, treasury bonds are worth up to EGP 3tn in the form of debt. He stated that housing bonds were offered in 1995, but various legal issues arose and modifications were required. Omran asked that capital markets in Asia and Europe be explored, adding that he will meet with representatives from one such market at the end of next month to facilitate a partnership with the Egyptian Exchange. Omran believes that, over the past year, the capital market has fared better than ever before, noting that the situation has largely changed as a result of renewed political stability. According to Omran, the Egyptian capital market will not be able to deal with derivatives as other markets do, saying: “We are waiting to take advantage of this field and gain training and knowledge from the major markets.” Omran believes that the presence of small and medium enterprises is important to the Egyptian Exchange, saying: “Small and medium enterprises have their market, and the capital market develops these enterprises.” NILEX, developed for small companies, has 26 companies listed, but the 2008 financial crisis and the three years following the revolution have negatively influenced NILEX listings for this type of company. Total capital increases for these companies reached EGP 58m on the Egyptian Exchange. Omran said: “These companies’ capital is worth EGP 900m, but 50% of the trading process is focused on their shares. When the situation stabilises, the NILEX index will rise.” Omran mentioned that last week a company with EGP 26m in capital entered the NILEX, and he expressed hope that other companies would do the same. “Six more companies hope to register with NILEX at present. Listing procedures for NILEX are faster and easier,” he added. He believes that the coming phase will represent a better outlook for capital market indicators, saying; “We have a positive feeling. We have started on our path and are continuing to move toward implementing more courageous economic policies.” Omran believes that the stock market in Egypt is open to foreign investors but, despite the market’s diversity, foreign investment has been limited. Omran said that he will hold extensive consultations with all global stock markets with the aim of developing and organising the work of the Egyptian Exchange. He also hopes to add new tools that create more savings able to finance economic growth, which will help reduce unemployment levels. Additionally, Omran said: “The option of creating partnerships with global markets is available and we often discuss it.” “We lack the technology and knowledge necessary to revitalise the derivates markets, but we are looking to the rest of the world to cooperate with us and allow us to benefit from their experiences,” he added. Omran stated that neighbouring Arab markets suffer from a shortage in the number of companies listed on the stock market, unlike Egypt, which enjoys a diverse corporate sector. Those markets will not be able to attract capital from Egypt, a fact that was demonstrated following January 2011 when, despite a sharp decline in Egypt’s stock market, Arab markets were still unable to draw capital away from Egypt. More»
Yomna Yasser - 2014-09-17 13:40:27
Egypt’s bourse closed higher on Wednesday with gains totaling 1.35 billion Egyptian pounds powered by local and non-Arab foreign investors’ buying appetite. In addition, the country’s main stock index, EGX30 solely advanced to cross 9575 points. Yet, Egyptian Exchange’s indices were wavering mostly on red notes during the closing session of Wednesday. Indices Egypt’s benchmark index EGX30 ended 0.43 per cent higher to 9575.39 pts; while EGX20 finished 0.07 per cent down to 11342.05 pts. Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.50 per cent to finish at 625.56 pts. The price index EGX100 also tumbled by 0.12 per cent to conclude at 1136.98 pts.   Furthermore, the market capitalization recorded EGP 521.905 billion on Wednesday. More»
Yomna Yasser - 2014-09-17 10:09:35
Egypt’s bourse gained at midday trade on Wednesday gains worth 289 million Egyptian pounds backed by local and non-Arab foreign investors’ buying appetite. The country’s main stock index, EGX30 solely surged above 9540 points. Meanwhile, the Egyptian Exchange's indices were wavering mostly in red notes during the midday session of Wednesday. Indices The Benchmark EGX30 grew by 0.06% to 9540.01 p, and EGX20 fell by 0.35% to 11310.3 p. In the contrary, the mid- and small-cap index, the EGX70 inched down by 0.74% to 624.03 p. Also, the Price index EGX100 dropped by 0.42% to 1133.52 p. Furthermore, market capitalization reached EGP 520.846 billion, according to data compiled by Amwal Al Ghad English at 13:00 p.m. Cairo time (10:00 GMT). More»
Amwal Al Ghad English - 2014-09-17 09:08:44
EFG-Hermes Holding SAE, the Arab world’s biggest investment bank, has started hiring across all its departments as the Egyptian economy stabilizes and its financial markets improve. “For the first time since Egypt’s political crisis, we are back to hiring staff,” Karim Awad, the bank’s co-chief executive, said in an interview in London yesterday. “We are not hiring in huge numbers but there is at least one vacancy in each of our departments, be it advisory, asset management or private equity.” Investment banking activity in Egypt is reviving amid improving markets and renewed political stability, after the nation elected former army chief Abdel-Fattah El-Sisi as president. The country’s benchmark EGX 30 stock index has gained 41 percent this year, prompting companies to revive share sales and seek capital for growth. EFG has benefited from renewed investor appetite for Egypt, with its stock price more than doubling year-to-date. The bank is planning to expand geographically into Africa and is re-focusing attention on private-equity investments. It expects to make an acquisition along with co-investors within a month, Awad said. “We are looking at all kinds of options to expand into Africa in the next 18 to 24 months and we will most likely partner with someone else,” he said. IPO Recovery Companies including Edita Food Industries SAE, a snacks maker part-owned by London-based buyout firm Actis LLP, and a subsidiary of Emaar Properties PJSC (EMAAR), the Dubai-based developer of the world’s tallest tower, are considering initial public offerings in Cairo to take advantage of resurgent stock prices. “The IPO pipeline is the best we have seen in the last four to five years in Egypt,” Ahmed El-Guindy, EFG’s investment banking head said. Mergers and acquisitions activity in the country is limited to deals in the $200 million to $500 million range, El-Guindy said. “We still haven’t seen big-ticket M&A discussions where deal size is more than a billion dollars.” More»
Gehad Abd El-Ghany - 2014-09-16 13:55:35
Egypt's stocks closed higher on Tuesday with gains totalling 2.4 billion Egyptian pounds backed by Egyptian and Arab investors' strong buying appetite .In addition, the country's main stock index, EGX30 closed above 9534.8 points. Meanwhile, the Egyptian Exchange's indices were wavering in green notes during closing session of Tuesday. Indices Egypt’s benchmark index EGX30 ended 0.93per cent higher to 9534.08pts; while EGX20 finished 1.05 per cent up to 11349.46 pts.      In addition, the mid- and small-cap index, the EGX70 surged by 0.77 per cent to finish at 628.69pts. The price index EGX100 inched up by 0.95 per cent to conclude at 1138.31 pts.   Furthermore, the market capitalization recorded EGP 520.557 billion on Tuesday. More»
Gehad Abd El-Ghany - 2014-09-16 10:46:48
Egypt's stocks increased at midday session on Tuesday registering gains of 4billion Egyptian pounds backed by Egyptian and Arab investors buying appetite. In addition, the country's main stock index, EGX30 exceeds 9559.65 points. Meanwhile, the EGX indices were wavering in green notes during the midday session of Tuesday. Indices The Benchmark EGX30 hiked by 1.2% to 9559.65p, and EGX20 inched up by 1.49% to 11398.9 p. In addition, the mid- and small-cap index, the EGX70 rose by 1.18% to 631.2 p. Yet, the Price index EGX100 increased by 1.27% to 1141.27 p. Furthermore, market capitalization reached EGP 522.140.926 billion. More»
Gehad Abd El-Ghany - 2014-09-16 10:09:40
Egypt's Qalaa Holdings (CCAP,formerly Citadel Capital) (CCAP.CA on EGX) attained EGP1.56 billion revenues within the second quarter of 2014 , with 58% annual growth rate, operating profits before taxes and interests reached to EGP181.2 million, according to Qalaa's financial statements. The statements said Qalaa's operating losses were EGP15.6 million in the second quarter of last year, with 6 double growth rates in compared to the first quarter of the current year in which involves EGP29 million operating profits worth EGP29 million, Q2 witnessed registering EGP61.8 million profits before taxes and interests. The Company's consolidated financial statements for H1 that ended on June 30, 2014, showing that net loss widened 238% to EGP 587.7 million, from EGP 173.7 million in the same period a year earlier. Qalaa’s founder and Chairman Ahmed Heikal told  that he expected his company to turn profitable before 2016. The company said its net loss for the first six months of the year had widened to 410.6 million Egyptian pounds ($57.43 million) "primarily on the back of non-operational factors including increases in amortization, interest expenses and foreign exchange losses". More»
Gehad Abd El-Ghany - 2014-09-16 08:28:35
Egypt's stocks opened higher on Tuesday with gains of 2.9 billion Egyptian pounds triggered Egyptian and Arab investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 kicked off trading above 9536.57 points. The Egyptian Exchange (EGX)'s indices were wavering in green notes during the opening session of Tuesday Indices The Benchmark EGX30 surged by 0.96% to 9536.57p, and EGX20 rose by 1.3% to 11376.69p. In addition, the mid- and small-cap index, the EGX70 went up by 0.76% to 628.6 p.  Price index EGX100 grew by 0.9% to 1137.77p. Furthermore, market capitalization reached EGP 521.074 billion. More»