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        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2015-02-12 09:32:59
Emaar Misr, the Egyptian arm of Dubai's largest listed real estate developer Emaar Properties , filed a formal request to list its shares on the stock market, Egypt's bourse said in a statement on Wednesday. The statement did not say how much the initial public offering would be worth, though two sources told Reuters in January that Emaar Misr would issue more than 2 billion Egyptian pounds ($262.30 million) worth of shares. Emaar Misr, which the bourse statement said has capital of 878 million Egyptian pounds, is a significant foreign investor in Egypt's real estate sector. The last initial public offering on the Egyptian stock exchange was Arabian Cement in May 2014. Emaar Misr is being advised by EFG Hermes and JP Morgan. More»
Yomna Yasser - 2015-02-11 13:59:32
Egypt’s stock market shares tumbled on Wednesday incurring losses worth 5.58 billion Egyptian pounds (US$731.4 million) driven by foreign selling pressures. In addition, the country’s main stock index, EGX30 plummeted below 9775 points. The rest of the Egyptian Exchange’s indices were also wavering in red notes during the closing session of Wednesday. Indices: The main stock index, EGX30 edged down by 1.31 per cent to 9770.78 points. EGX20 dropped by 1.65 per cent to 10846.85 points. Meanwhile, the mid- and small-cap index EGX70 sagged by 1.03% to 595.02 points. The price index, EGX100 declined by 0.94% to 1168.67 points. Turnovers still below EGP1 billion Throughout the closing session of Wednesday, the trading volume has reached 138.519 million securities, with turnovers climbed to EGP 672.068 million, exchanged through 23.018 thousand transactions.                        Also during the closing session, 182 listed securities have been traded in; 134 declined, 24 advanced; while 21 kept their previous levels. Furthermore, the market capitalization recorded EGP 528.298 billion on Wednesday. More»
Yomna Yasser - 2015-02-10 14:00:34
Egypt’s stock market shares went up on Tuesday registering gains worth 942 million Egyptian pounds (US$123.4 million) backed by the Russian President Vladimir Putin’s visit to Cairo to boost bilateral ties. Consequently, the country’s main stock index, EGX30 rebounded to cross 9900 points on Tuesday. Putin’s two-day trip is intended to strengthen ties between the two countries. Putin and Egyptian President Abdel Fattah al-Sisi will pay special attention to ramping up trade and economic ties between the two countries. The two leaders are also expected to discuss Iraq, Syria and Libya and the Israeli-Palestinian conflict. The rest of the Egyptian Exchange’s indices were also wavering in green notes during the closing session of Tuesday. Indices: The main stock index, EGX30 rose by 0.16 per cent to 9900.65 points. EGX20 increased by 0.28 per cent to 11028.58 points. Meanwhile, the mid- and small-cap index EGX70 edged higher by 0.27% to 601.24 points. The price index, EGX100 grew by 0.10% to 1179.71 points. Turnovers still below EGP1 billion Throughout the closing session of Tuesday, the trading volume has reached 163.440 million securities, with turnovers climbed to EGP 822.782 million, exchanged through 23.730 thousand transactions.                        Also during the closing session, 184 listed securities have been traded in; 92 declined, 59 advanced; while 30 kept their previous levels. Furthermore, the market capitalization recorded EGP 533.880 billion on Tuesday. More»
Yomna Yasser - 2015-02-09 13:45:55
Egypt’s stock market shares ended lower on Monday with losses totalling 3.8 billion Egyptian pounds (US$498.1 million) hurt by local investors’ selloffs following Cairo Stadium deaths. The Egyptian authorities have suspended football league matches indefinitely after clashes taken place at a stadium in Cairo on Sunday night left at least 22 people dead. People were crushed after police fired tear gas at supporters of Zamalek who were trying to force their way in for a match against city rivals ENPPI. Consequently, the country’s main stock index, EGX30 retreated below 9885 points on Monday. The rest of the Egyptian Exchange’s indices were also wavering in red notes during the closing session of Monday. Indices: The main stock index, EGX30 edged down by 0.74 per cent to 9884.46 points. EGX20 dropped by 0.60 per cent to 10997.86 points. Meanwhile, the mid- and small-cap index EGX70 fell by 0.40% to 599.61 points. The price index, EGX100 went down by 0.47% to 1178.58 points. Turnovers below EGP1 billion Throughout the closing session of Monday, the trading volume has reached 123.222 million securities, with turnovers climbed to EGP 888.209 million, exchanged through 23.314 thousand transactions.                        Also during the closing session, 172 listed securities have been traded in; 106 declined, 38 advanced; while 25 kept their previous levels. Furthermore, the market capitalization recorded EGP 532.938 billion on Monday. More»
Yomna Yasser - 2015-02-08 14:06:44
Egypt’s stock market incurred losses on Sunday worth 3.1 billion Egyptian pounds (US$406 million) driven by foreign investors’ sell-offs. In return, the country’s main stock index, EGX30 tumbled below 9960 points on Sunday. The rest of the Egyptian Exchange’s indices were wavering in green notes during the closing session of Sunday. Indices: The main stock index, EGX30 dipped by 0.08 per cent to 9957.93 points. EGX20 rose by 0.12 per cent to 11064.61 points. Meanwhile, the mid- and small-cap index EGX70 grew by 0.64% to 602.03 points. The price index, EGX100 went up by 0.43% to 1184.15 points. Turnovers above EGP2 billion Throughout the closing session of Sunday, the trading volume has reached 100.098 million securities, with turnovers climbed to EGP 2.089 billion, exchanged through 20.554 thousand transactions.                        Also during the closing session, 190 listed securities have been traded in; 65 declined, 80 advanced; while 34 kept their previous levels. Furthermore, the market capitalization recorded EGP 536.741 billion on Sunday. More»
Gehad Abd El-Ghany - 2015-02-08 11:50:24
Egypt-based Acumen Holding reported total volume of assets under management (AUM) worth 900 million Egyptian pounds (US$117.8 million) by end of 2014. According to Acumen’s Managing Director Rana Adawi, the company’s local investments have seized 90% of its total AUM, versus 10% taken by its Gulf businesses. Acumen Holding is a company that provides financial solutions and investment ideas it provides both Asset management investments and security investment. It was established in 2010 as a first class brokerage and asset management firm in Egypt. More»
Yomna Yasser - 2015-02-05 13:58:34
Egypt’s stock market shares ended this week mostly lower with losses worth 862 million Egyptian pounds (US$113 million) driven by local and Arab selloffs. Accordingly, the country’s main stock index, EGX30 retreated below 9970 points on Thursday. The rest of the Egyptian Exchange’s indices were also wavering mostly in red notes during the closing session of Thursday, except for the mid- and small-cap index EGX70, which solely rose. Indices: The main stock index, EGX30 tumbled by 0.80 per cent to 9965.43 points. EGX20 edged down by 0.91 per cent to 11051.62 points. Meanwhile, the mid- and small-cap index EGX70 went up by 0.24% to 598.19 points. The price index, EGX100 dropped by 0.16% to 1179.09 points. Turnovers below EGP1 billion Throughout the closing session of Thursday, the trading volume has reached 124.488 million securities, with turnovers climbed to EGP 787.272 million, exchanged through 23.656 thousand transactions.                        Also during the closing session, 181 listed securities have been traded in; 107 declined, 43 advanced; while 28 kept their previous levels. Furthermore, the market capitalization recorded EGP 539.845 billion on Thursday. Investors’ Activities The local and Arab investors were net sellers seizing on Thursday 86.04% and 4.77% respectively of the total markets, with a net equity of EGP 2.468 million and EGP 1.359 million, respectively, excluding the deals. On the other hand, the non-Arab foreign were net buyers capturing 9.18% of the total market, with a net equity of EGP 3.828 million, excluding the deals.
Amwal Al Ghad English - 2015-02-05 09:39:18
Egyptian companies could raise as much as US$1.75 billion this year from seven IPOs as the economy begins to recover from the aftermath of the 2011 uprising and attract foreign investors, analysts said. IPOs expected this year include: Edita Food Industries, a cake and biscuit maker; Emaar Misr, a unit of Dubai’s Emaar Properties; Integrated Diagnostics Holdings (IDH), a private sector healthcare firm; Egyptian Centres, a unit of Saudi Arabia’s Fawaz Alhokair Group; and Engineering & Construction Group, a unit of the Egypt-based construction firm OCI. IDH is said to be seeking a dual listing in London and Cairo, while Engineering & Construction Group is eyeing a dual listing in Cairo and the UAE. Edita, IDH and Emaar Misr could raise up to $750 million collectively, market sources said. CI Capital Holding, a unit of Egypt’s largest listed lender, Commercial International Bank, expects to help companies raise more than $1bn from four IPOs this year, said Hesham Gohar, the managing director for investment banking at CI Capital. It is involved in the OCI and Egyptian Centres flotations. Last year, it participated in Arabian Cement’s $109.4m IPO, the only flotation in Egypt. “We are seeing a significant drive to try to promote a much more exciting Egypt to foreign investors,” said Mr Gohar. “There are reforms and initiatives that have been announced, including the new improvement of the tax regime, providing more incentives to promote foreign direct investment, the new Suez Canal project and a special economic zone.” Egypt has been hobbled with a widening fiscal deficit, lower foreign currency earnings, power shortages and other economic and political problems since the 2011 uprising that brought political instability to the most populous Arab state. But the rise to power of the former army general, Abdel Fattah al-Sisi, in 2013 and the ensuing economic reforms have started to attract foreign investors who shunned the country because of the worsening economic outlook and political instability. “The macroeconomic environment has improved a little bit and everybody is expecting a lower budget deficit on lower oil prices and subsidy cuts,” said Ahmed El Guindy, the head of investment banking at EFG Hermes, the country’s biggest listed investment bank. “Also, the environment of low interest rates will help take the budget deficit to a lower level. The recent currency devaluation is another good indicator that Egypt is serious in its attempt to attract foreign investments. If you couple that with strong company-specific performance that has been there for the last few years, and which will hopefully continue in 2015, you should have a good story to float or take a company to the public,” said Mr El Guindy. The IMF, which had projected in October a growth of 3.5 per cent for the 2014-15 financial year, increased its forecast in January by 0.3 percentage points because of a strong rebound in the third quarter of last year. Egypt’s economy grew 2.2 per cent in the 2013-14 financial year. Lower oil prices could help Egypt, which has become a net importer of energy after 2011 because of a rise in power consumption. The government cut energy subsidies in July last year and improved its tax regime, which will help to lower the budget deficit in the 2014-15 financial year to 11 per cent of GDP from 12.8 per cent a year earlier. Mr El Sisi’s ascension has also attracted billions of dollars of aid from Arabian Gulf countries, who have backed him after relations soured when his elected predecessor, Mohammed Morsi, was in power. “If economic and political conditions continue to improve, which is partially contingent on aid packages pledged by sovereign states and other international lenders and donors materialising, the outlook for IPOs in Egypt this year will be very strong,” said Mayur Pau, the Mena IPO leader at the advisory EY. Egypt’s 88 million population is attractive to investors, who are also buoyed by rising confidence from ratings agencies. Fitch in December upgraded Egypt’s long-term foreign and local currency issuer default ratings to B from B-. Moody’s in October changed its outlook for Egypt to stable from negative because of its political stability, improved fiscal situation, economic recovery and support from foreign donors. The Egyptian stock exchange has simplified procedures for listing and amended laws to help boost listings on the exchange. The benchmark index has surged by about 100 per cent since Mr Morsi was removed in July 2013. “The Egyptian Exchange has been swiftly responding to market needs and made changes to the regime to boost governance, transparency and listing requirements in line with international standards,” said Mohamed Khodeir, a partner at the law firm Tamimi & Company. “You can instantly note that there is a swifter approach in responding to market practice that will most evidently support future IPOs and listings.” More»
Yomna Yasser - 2015-02-04 14:11:52
Egypt’s stock market shares gained on Wednesday 2.4 billion Egyptian pounds (US$314.7 million). The country’s main stock index, EGX30 has exceeded 10040 points powered by local investors’ strong buying appetite. The rest of the Egyptian Exchange’s indices were also wavering in green notes during the closing session of Wednesday. Indices: The main stock index, EGX30 hiked by 0.92 per cent to 10045.93 points. EGX20 inched up by 0.70 per cent to 11152.84 points. Meanwhile, the mid- and small-cap index EGX70 climbed by 1.21% to 596.78 points. The price index, EGX100 also edged up by 1.55% to 1180.96 points. Turnovers below EGP1 billion Throughout the closing session of Wednesday, the trading volume has reached 160.622 million securities, with turnovers climbed to EGP 907.996 million, exchanged through 26.380 thousand transactions.                        Also during the closing session, 183 listed securities have been traded in; 59 declined, 84 advanced; while 37 kept their previous levels. Furthermore, the market capitalization recorded EGP 540.707 billion on Wednesday. More»
Amwal Al Ghad English - 2015-02-04 08:54:44
Egypt's Orascom Construction Industries (OCI) (OCIC) reported on Wednesday that OCI N.V. sold a 23.425% stake to OCI MENA B.V. OCI said OCI MENA B.V bought 48.9 million stocks, in a deal worth LE12.4 billion. OCI MENA B.V. increased its stake in OCI to 98.8%. Egypt's financial regulator agreed on Tuesday to exempt from presenting a mandatory tender offer for Orascom Construction Industries. More»