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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        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

Yomna Yasser - 2014-07-15 13:09:18
Egypt's stocks ended Tuesday's session higher with gains totalling 3.6 billion Egyptian pounds bolstered by non-Arab foreign investors' buying appetite. In addition, the country's benchmark index, EGX30 surged to further cross 8600 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 1.12 per cent higher to 8603.98 pts; while EGX20 finished 1.18 per cent up to 10368.4 pts.      In addition, the mid- and small-cap index, the EGX70 hiked by 0.86 per cent to end at 613.05 pts. The price index EGX100 pushed up by 0.91 per cent to conclude at 1086.78 pts.   Furthermore, the market capitalization recorded EGP 492.707 billion on Tuesday. More»
Islam Salah - 2014-07-15 10:35:15
Egypt braces for the launch of two new real estate funds within the current, in accordance with the issuance of the market regulator's approval. Dr. Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority (EFSA), revealed Tuesday receiving official requests from two local companies expressed willingness to launch their own real estate fund in the market. Earlier in April, Egypt's financial market regulator, seeking to attract capital back to the stock market, released rules to facilitate the creation of real estate funds. The rules included permissible levels for income-generating assets as a percentage of each fund's total assets. The changes would increase liquidity in the market and draw more local and foreign investors, and in return contribute to the revival of the national economy, Samy noted. The Egyptian official further told Amwal Al Ghad that the EFSA will look into the two companies' demands for the launch of new real estate funds. Egypt has recently witnessed a number of companies' announcements of plans to launch a real state fund in the local market within the coming phase, including HC Securities & Investment. Egypt-based HC revealed plans to launch a new real estate fund, with an initial capitalisation of EGP one billion, by the end of the current year. It comes within the framework of HC's strategy to stimulate the volume of its current assets to EGP 10 billion, from EGP 6 billion. In the same vein, HC chairman Hussein Choucri told Amwal Al Ghad in earlier statement, that Egypt’s mutual funds industry will witness within 2014 a remarkable return  spurred by recent legislative amendments announced by the EFSA. Another prominent name in Egyptian market that showed readiness to launch real estate funds was Acumen Holding, which announced plans to launch its new fund within the second half of 2014. Acumen's new real estate fund is due to invest EGP 200 million in Egypt. In this respect, Acumen's Managing Director Rana Adawi said in earlier statement to Amwal Al Ghad, the Group's decision to go for the real estate fund industry was triggered by the recent amendments by the EFSA that include the executive regulation of the mutual funds. More»
Yomna Yasser - 2014-07-15 09:26:40
Egypt's stocks opened higher on Tuesday registering gains worth 2.7 billion Egyptian pounds boomed by foreign investors' buying appetite. The country's stock index, EGX30 also started trading higher crossing 8575 points. Meanwhile, the EGX indices were wavering in green notes during the opening 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 hiked by 0.80% to 8576.64 p, and EGX20 inched up by 0.81% to 10330.5 p. In addition, the mid- and small-cap index, the EGX70 increased by 0.46% to 610.64 p.  Price index EGX100 also rose by 0.56% to 1083.07 p. Furthermore, market capitalization reached EGP 491.747 billion, according to data compiled by Amwal Al Ghad English at 11:15 a.m. Cairo time (09:15 GMT). More»
Yomna Yasser - 2014-07-14 12:48:09
Egypt's stocks closed higher on Monday with gains totalling 3.3 billion Egyptian pounds triggered by foreign investors' buying appetite. In return, the country's main stock index, EGX30 climbed 1.3% exceeding 8505 points. Meanwhile, the Egyptian Exchange's indices were wavering in green notes during closing session of Monday. 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 1.28 per cent higher to 8508.98 pts; while EGX20 finished 1.09 per cent up to 10247.51 pts.      In addition, the mid- and small-cap index, the EGX70 grew by 0.55 per cent to end at 607.85 pts. The price index EGX100 hiked by 0.98 per cent to conclude at 1077.02 pts.   Furthermore, the market capitalization recorded EGP 489.075 billion on Monday. More»
Gehad Abd El-ghany - 2014-07-14 12:11:21
Al Ahram Brokerage Securities Brokerage S.A.E. targets within this year adding financial portfolio management to its activities as well as getting the Nile Stock Exchange's nominated advisor licence, board member Soliman Nazmy said Monday. Nazmy stated that dding the financial portfolio management to Al Ahram's current activities requires increasing the company's capitalisation by EGP 5 million to EGP 23 million. That is what Al Ahram will put into consideration with the coming phase, he noted, referring that the company's current capitalisation amount to EGP 18 million. Al Ahram is considered one of the oldest brokerage firms in Egypt, it's history goes back to the 50's, bringing a wealth of experience and know how to its clients and to the markets. More»
Yomna Yasser - 2014-07-14 10:55:26
Egypt's stocks increased during midday session on Monday, posting gains worth 1.3 billion Egyptian pounds bolstered by foreign investors' buying appetite. In addition, the country's main stock index, EGX30 bloomed at midday trade crossing 8455 points. Meanwhile, the EGX indices were wavering in green notes during the midday session of Monday. 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 inched up by 0.65% to 8455.44 p, and EGX20 increased by 0.57% to 10194.82 p. In addition, the mid- and small-cap index, the EGX70 rose by 0.29% to 606.32 p. Yet, the Price index EGX100 advanced by 0.31% to 1069.89 p. Furthermore, market capitalization reached EGP 487.105 billion, according to data compiled by Amwal Al Ghad English at 12:44 p.m. Cairo time (10:44 GMT). More»
Yomna Yasser - 2014-07-13 12:48:01
Egypt's stocks ended lower on Sunday incurring losses 1.7 billion Egyptian pounds driven by foreign investors' sell-offs. Consequently, the main stock index, EGX30 dropped further below 8405 points during Sunday's closing session. Meanwhile, the Egyptian Exchange's indices were wavering in red notes during closing session of Sunday. 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 0.66 per cent lower to 8401.16 pts; while EGX20 finished 0.57 per cent down to 10136.6 pts.      In addition, the mid- and small-cap index, the EGX70 fell by 0.36 per cent to end at 604.54 pts. The price index EGX100 decreased by 0.38 per cent to conclude at 1066.56 pts.   Furthermore, the market capitalization recorded EGP 485.761 billion on Sunday. More»
Yomna Yasser - 2014-07-13 09:28:50
Egypt's stocks opened a new week lower with losses amounting to 1.5 billion Egyptian pounds driven by early local investors' selling pressures. Accordingly, the main stock index, EGX30 started trading on Sunday below 8420 points. Meanwhile, the EGX indices were wavering in red notes during the opening session of Sunday. 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 retreated by 0.45% to 8418.76 p, and EGX20 inched down by 0.40% to 10154.09 p. In addition, the mid- and small-cap index, the EGX70 decreased by 0.15% to 605.82 p.  Price index EGX100 also tumbled by 0.21% to 1068.44 p. Furthermore, market capitalization reached EGP 486.052 billion, according to data compiled by Amwal Al Ghad English at 11:17 a.m. Cairo time (09:17 GMT). More»
Amwal Al Ghad English - 2014-07-12 15:23:27
Egypt-based Prime Holding for Financial Investments is studying to manage 2 new initial public offerings (IPOs) within upcoming period. In this respect, Prime's Vice Chairman Mohamed Maher elaborated that the two IPOs will be in favour of companies working in real estate and cement sectors. Prime is currently conducting studies to define the optimal timing to launch the IPOs, he added. In addition to the relative stability in Egypt, Maher has referred to the vivid amendments to the Egyptian Exchange's listing rules, which would in return boost the investors' appetite to list their companies' stocks in the market. More»
Amwal Al Ghad English - 2014-07-12 14:59:07
Despite fuel prices hikes, and failure of Beltone/Sawiris-Hermes deal, Egypt's stocks gain in week 5.6 billion Egyptian pounds. The main stock index, EGX30 grew by 2.4% throughout trading sessions of last week, registering an increase of 199 points, ending Thursday’s transactions at 8457 points compared to 8258 points at the end of a week earlier. The main gauge index registered its highest point on Wednesday closing at 8495.41 points, whereas its lowest point recorded on Monday at 8311.37 points. Sawiris-Beltone alliance failed to reach a deal to acquire 20% a stake in Egypt's biggest investment bank EFG-Hermes, said the market regulator chief on Monday. According to the regulator chief Sherif Samy, the deal flopped after the bidders, Beltone Financial and Naguib Sawiris' New Egypt Investment Fund refused to buy the offered amount of shares of 9.5% in EFG-Hermes (HRHO.CA). In addition, the mid- and small-cap index, the EGX70 inched up by 1% closing at 606 points during Thursday’s session, compared to 600 points at the end of a week earlier. The price index, EGX100 also climbed by 1.9% concluding by 1070 points during Thursday’s session, against 1050 points at the end of a week earlier. Furthermore, the market capitalization closed at EGP 487.530 billion last Thursday, compared to EGP 481.893 billion at the end of a week earlier. Turnovers & Traded Volumes: Through the week, the trading volume hit around 813.4 million securities, compared to 461.5 million securities at the end of a week earlier. For the traded value, it reached around EGP 5.6 billion against EGP 3.7 billion a week earlier. Sectors Activity: Financial Services excluding Banks sector was the most active sector through last week, recording a volume of trades of 307.9 million securities worth EGP 772.1 million. Telecommunications sector came second, attaining a volume of trades of 195.1 million securities worth EGP 321.7 million. Real Estate reported third, with a volume of trades of 108.8 million securities worth EGP 873.6 million. Travel & Leisure sector was in the fourth position, getting a volume of trades of 65.3 million securities worth EGP 168.6 million. Personal and Household Products sector came fifth, recording a volume of trades of 36.8 million securities worth EGP 164.9 million. Industrial Goods and Services and Automobiles reported sixth, having a volume of trades of 34.5 million securities worth EGP 73.2 million. Construction and Materials was on the seventh position, with a volume of trades of 21.9 million securities worth EGP 136.4 million. Food and Beverage reported eighth, attaining a volume of trades of 12.8 million securities worth EGP 78.3 billion. Banks took the ninth position, with a volume of trades of 12.8 million securities worth EGP 274.3 million. Basic Resources reported tenth, recording a volume of trades 5.6 million securities worth EGP 75.1 million. Healthcare and Pharmaceuticals sector ranked eleventh, attaining a volume of trades of 5.2 million securities worth EGP 124.1 million. At the bottom of the list, Chemicals reported twelfth getting a volume of trades of 3.7 million securities worth EGP 51.1 million. Investors’ Activity: Local investors led the market activity all through the week with 88.74%, followed by foreign and Arab investors with 7.84% and 3.42%, respectively, after excluding the deals. Foreign investors were the most active buyers during the week earning the value of EGP 141.50 million, after excluding the deals. Arab investors were also to buy by value of EGP 56.58 million, after excluding the deals. Moreover, institutions seized 63.64% of total trading through the week; while individuals attained 36.36%. Institutions were the most active sellers during the week earning the value of EGP266.98 million, after excluding the deals. Market Remarks -         9% of Hermes Shareholders Offer to Sell Their Stocks in Beltone-Sawiris Bid - EGX Egypt's Beltone Financial (BTFH) and billionaire Naguib Sawiris were offered shares by 9% of the shareholders in investment bank EFG Hermes (HRHO), Stock exchange chairman Mohamed Omran said on Monday. Omran added that by the end of the optional tender offer on Sunday, the total offered shares were 54,431,076 million shares which represent 48 % of the shares that Beltone and Sawiris's New Egypt Investment Fund were seeking worth 114,696,900 million shares. He added that if the bid consortium wants to buy the offered amount, they must obtain the approval of Egyptians financial supervisory authority (EFSA). The bid consortium is meeting to discuss whether to agree to buying the offered amount or not, and discussing the different scenarios whether they acquired the stake or not, said Osama Rashad, Investor Relations Manager Beltone and Sawiris's New Egypt Investment Fund had offered around $257 million for the EFG stake at EGP 16.00 ($2.24) per share, but an independent financial advisor set the fair share price at EGP 22.93. -         Beltone/Sawiris Failed to Acquire 20% Stake in EFG-Hermes – Market Watchdog Sawiris-Beltone alliance failed to reach a deal to acquire 20% a stake in Egypt's biggest investment bank EFG-Hermes, said the market regulator chief on Monday. According to the regulator chief Sherif Samy, the deal flopped after the bidders, Beltone Financial and Naguib Sawiris' New Egypt Investment Fund refused to buy the offered amount of shares of 9.5% in EFG-Hermes (HRHO.CA). The bid consortium attracted offers for 54.4 million shares, or around 9.49% of EFG Hermes' outstanding shares, at 16 Egyptian pounds; while they asked for 20% stake in the investment bank, Samy told Amwal Al Ghad in a phone interview. -         Egypt Bourse still in Talks with Etisalat over Listing Shares Egypt is aiming to reach an agreement with UAE's mobile operator Etisalat on listing its Egyptian arm's shares in the local market within the upcoming period. Egyptian stock Exchange (EGX)'s management is planning to hold talks in the coming period with a number of companies expressed keenness to list their shares in the local market, notably Etisalat Misr. From this respect, EGX board member Soliman Nazmy stressed ongoing negotiations with Etisalat Misr to list its shares in the market, in the light of being on the top of the country's telecommunications sector in addition to Telecom Egypt. More»