Ahmed Fahim, head of technical analysis at Al-Shorouk Brokerage Company, said that the main index will continue its bullish move to target the new resistance level at 14650 points this week, which, if penetrated, the index will target 15000 points
Latest by Alyaa Stohy
Company to use IPO to fund opportunistic acquisition of pharmaceutical companies
Amer Group has submitted the requested traffic study on the project to the competent authority, and is awaiting for its review to complete the project which is expected to be delivered within five years.
The deadline extended until the practice prospectus is prepared in December
Company’s muted sales growth reflected the overall pressure witnessed in F&B sector, says Pharos
EGP 1bn allocated for new company’s expansion, says El-Tayeb
The company initiates arbitration proceedings against Genting Casinos for VAT due
ALCN, AFC listings expected to be deferred to 1Q 2020
Despite improving macro conditions and consumer spending behaviour, Pharos expects muted growth in Juhayna, Domty and Obour Land companies’ core product offerings caused by existing market maturity in their respective segments.
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
Upward movements within a transverse range await more new catalysts
18% decline in the company’s revenue in Q1FY20 as a result of lower number of containers dropping by 18%
Company considers sales of EGP 171m of its investments in Egyptian Iron & Steel
The company is in negotiations to manage investment funds with new ideas, announcing its first product next month: chairperson
Mixed bag for consumer stocks but weak for oil, fertilisers, and chemical producers
Helios Towers is EFG Hermes’s fifth IPO on the London Stock
Sharm Dreams Hotel to generate EGP 2bn of revenues, Al Fayourz resorts to output EGP 1.5bn
Naeem: the inflation reading adds further room to the CBE to continue on its path of monetary easing
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
The company has seen great interest from real estate developers, and the prospectus to be issued in December, says El-Deeb
Omran said the IPF will provide insurance coverage of the actual financial loss of member clients in the companies operating in the field of securities and financial instruments against non-commercial risks
EGAL saves about EGP 31m in production costs following gas price fall
Company estimates that Bay Village and Bay Condos will be completely delivered by 2023
In a clear turn of events, the EGX decided to suspend trading on 71 shares for 10 minutes, but this time because of the proportion of their gains exceeded the 5% barrier, unlike last week, when trading was suspended due to losses.
Qalaa Holdings is a company that works in energy, cement, agrifoods, transportation and logistics, mining, and printing and packaging.
The production capacity of the new line will be 270,000 pieces a day. Scheduled to start operation in February 2020, the new line will be Domty’s third bakery production line.
Lower interest rates will encourage investment borrowing, says Abu Basha
MPC meeting will end the bleeding of the stock market, says HC
Sending invitations to developers interested in management this week, prospectus to be offered in October, says El-Deeb
First time to suspend trading in the EGX 100 since 2016