amwalalghad :: EGX

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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

Yomna Yasser - 2015-05-05 15:20:20
Egypt’s stocks surged Tuesday posting gains worth 6.2 billion Egyptian pounds (US$812 million) backed by IMF’s commending the country’s economic reforms. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, told Reuters on Tuesday that Egypt's economic policy reforms were starting to pay off and growth was strengthening, although the country still faced a difficult situation. The market capitalization has reached 502.282 billion pounds during the closing session of Tuesday. Indices: Egypt’s benchmark index, EGX30 soared by 2.04 percent to close at 8828.33 points. EGX20 pushed up by 2.62 percent to 9253.59 points. Yet, the mid- and small-cap index EGX70 grew by 2.11 percent to 473.78 points. The price index, EGX100 advanced by 1.99 percent to 975.9 points. Turnovers still humble On Tuesday, the bourse’s trading volume has recorded 149.863 million securities, with turnovers closed at EGP 483.419 million, exchanged through 19.238 thousand transactions. Also during the closing session, 172 listed securities have been traded in; 21 declined, 127 advanced; while 23 kept their previous levels. More»
Amwal Al Ghad English - 2015-05-05 09:50:02
UAE Emaar’s Egypt unit said on Tuesday its board had recommended to shareholders that the developer offer 600 million shares on the Egyptian bourse to raise 2.8 billion Egyptian pounds ($366.97 million). The subsidiary of Emaar Properties, Dubai's largest real estate developer, said in a statement to the stock exchange it would price the shares at 4.70 Egyptian pounds each on the recommendation of accounting and advisory firm Grant Thornton. More»
Amwal Al Ghad English - 2015-05-04 16:07:15
Egypt’s bourse gained Monday 926 million Egyptian pounds (US$121 million) after the central bank said it had sold $500 million in the interbank market to meet outstanding demand for "strategic staple food commodities". The market capitalization has reached 496.083 billion pounds during the closing session of Monday. C.Bank Move: Foreign currency shortages are one of the main concerns for Egyptian companies, and have been one major reason for the stock market's weak performance in recent months. The central bank sold $281 million in the interbank market last month and $420 million in March to meet similar demand for dollars. Indices: Egypt’s benchmark index, EGX30 climbed by 1.04 percent to close at 8652.12 points. EGX20 hiked by 0.61 percent to 9017.71 points. Yet, the mid- and small-cap index EGX70 dropped by 0.22 percent to 464.97 points. The price index, EGX100 increased by 0.01 percent to 956.88 points. Turnovers higher On Monday, the bourse’s trading volume has recorded 161.821 million securities, with turnovers closed at EGP 830.016 million, exchanged through 18.548 thousand transactions. Also during the closing session, 166 listed securities have been traded in; 66 declined, 57 advanced; while 38 kept their previous levels. More»
Yomna Yasser - 2015-05-03 16:10:31
Egypt’s stock market lost Sunday 4.6 billion Egyptian pounds (US$603 million) as investors were hoping the government would remove or change the tax on stocks dividends and capital gains. Yet, the Egyptian finance ministry asserted late Thursday that discussions over amendments to the capital gains and dividends tax concerned only the payment mechanism. Investors unhappy with the new levies had hoped that they would be able to persuade the government to remove or change them, for example by replacing the capital gains tax with a stamp duty. The market capitalization has registered 495.157 billion pounds during the closing session of Sunday. Indices: Egypt’s benchmark index, EGX30 pushed down by 1.26 percent to close at 8562.97 points. EGX20 tumbled by 1.32 percent to 8963.24 points. In addition, the mid- and small-cap index EGX70 sank by 2.20 percent to 464.97 points. The price index, EGX100 fell by 1.54 percent to 956.83 points. Turnovers Too Humble On Sunday, the bourse’s trading volume has recorded 114.484 million securities, with turnovers closed at EGP 299.644 million, exchanged through 14.149 thousand transactions. Also during the closing session, 163 listed securities have been traded in; 118 declined, 19 advanced; while 24 kept their previous levels. More»
Amwal Al Ghad English - 2015-05-02 12:21:14
The Executive Committee of the African Securities Exchanges Association (ASEA) has chosen Egyptian bourse chairman Mohamed Omran as head of ASEA’s Capital Markets Standards Committee. Upon the new position, Omran would be tasked with standardising the criteria on which African bourses depend to issue their statistics. Omran attributed his selection for the post to the progress made in the information infrastructure of the Egyptian Exchange (EGX), asserting the necessity of developing unified standards for the African stock markets to attract more foreign investments to the African continent. The committee will embark on developing a standard framework for the African bourses according to the international standards agreed upon, Omran asserted. More»
Amwal Al Ghad English - 2015-05-02 07:55:34
The first quarter of this year has been the worst since the 2008 economic crisis, said Chairman of the Egyptian Stock Exchange Mohamed Omran. The stock market was negatively affected recently due to imposing capital gains tax and mechanisms to collect it, and due to some unclear items in the regulations of the tax law,  he added. The Egyptian Stock Exchange has been classified as the second best stock exchange in the world during 2014, but now is considered the second worst stock exchange in the world because of taxes, Omran said. More»
Amwal Al Ghad English - 2015-04-30 16:04:45
The Egyptian government is working on amending the payment method of a new tax on stock dividends and capital gains, the finance minister said Thursday, dampening market expectations of any big changes to the unpopular levy. President Abdel Fattah al-Sisi approved a law imposing a 10 percent tax on stock dividends and capital gains last July as part of efforts to overhaul an economy battered by years of political turmoil. But Egyptian investors say the law is causing confusion and hampering investment, and filed a lawsuit against the government this week demanding changes to certain aspects of it. "The main amendments we are working on are over the tax payment mechanism," Hani Qadry Dimian told reporters at a news conference, without elaborating. Traders have said the market does not understand how the tax will be calculated or collected, adding to uncertainty heightened by an indefinite delay to parliamentary elections. The stock market hit a four-month low in early trade on Tuesday, but later rebounded on hopes for a compromise on the tax. Although the law was approved in July, the "executive regulations", which stipulate how it will be applied, were not published until this month and investors say there are many ambiguities. More»
Yomna Yasser - 2015-04-30 15:51:17
Egypt’s stocks closed Thursday higher with gains totalling 6.7 billion Egyptian pounds powered by hopes of amending the payment method of the controversial tax on stock dividends and capital gains. The market capitalization has hit 499.790 billion pounds during the closing session of Thursday. Hope Floats for Egypt Investors Egypt’s Finance Minister Hany Qadry said on Thursday the government is working on amending the payment method of a new tax on stock dividends and capital gains. "The main amendments we are working on are over the tax payment mechanism," Hani Kadry Dimian told reporters at a news conference, without elaborating. Indices: Egypt’s benchmark index, EGX30 jumped by 2.17 percent to close at 8672.29 points. EGX20 soared by 2.35 percent to 9083.2 points. In addition, the mid- and small-cap index EGX70 climbed by 2.01 percent to 475.44 points. The price index, EGX100 surged by 1.80 percent to 971.75 points. Low Turnovers On Thursday, the bourse’s trading volume has recorded 194.965 million securities, with turnovers closed at EGP 615.413 million, exchanged through 24.785 thousand transactions. Also during the closing session, 177 listed securities have been traded in; 22 declined, 131 advanced; while 22 kept their previous levels. More»
Amwal Al Ghad English - 2015-04-30 11:19:32
Cypriot Foreign Minister Ioannis Kasoulides has invited Egyptian bourse’s chief Mohamed Omran to take part in Cyprus’ Economic Conference 2015. The conference will take place next May 27-30. As being one of the most important emerging markets, Omran is set to discuss the Egyptian Exchange (EGX)’s development experience, during Cyprus conference. The conference will encompass large participants of high-profile investment leaders and figures worldwide in addition to executive directors of some major firms. The Cypriot event aims to discuss means of alluring investments and deepening levels of international cooperation between nations to eventually achieve sustainable development. From his part, EGX chairman Mohamed Omran said his bourse’s participation in the event reflects the deeply rooted relations between Cairo and Nicosia. Through his participation, Omran said he intends to highlight the EGX’s leading role to achieve sustainable development. More»
Yomna Yasser - 2015-04-29 15:43:48
Egypt’s stocks rebounded on Wednesday backed by foreign investors’ buying appetite, to gain 4.7 billion Egyptian pounds (US$616.1 million). Accordingly, the country’s main stock index, EGX30 also surged by 1.9 percent to exceed 8485 points. This comes following a move made by Egyptian investors who went to court to challenge the government over a tax on stock dividends and capital gains, saying it causes confusion and hampering investment. The market capitalization has hit 493.053 billion pounds during the closing session of Wednesday. Indices: Egypt’s benchmark index, EGX30 climbed by 1.90 percent to close at 8488.49 points. EGX20 edged up by 1.84 percent to 8874.53 points. In addition, the mid- and small-cap index EGX70 grew by 1.24 percent to 466.06 points. The price index, EGX100 hiked by 1.38 percent to 954.53 points. Turnovers remain low On Wednesday, the bourse’s trading volume has recorded 163.638 million securities, with turnovers closed at EGP 620.266 million, exchanged through 22.194 thousand transactions. Also during the closing session, 169 listed securities have been traded in; 23 declined, 122 advanced; while 21 kept their previous levels. More»