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EGX profits stand at EGP 103m in H1 2017

Egypt’s stock market’s net profit came in at EGP 103m in the first half (H1) of 2017, the stock exchange’s (EGX) chairperson Mohamed Omran said on the sidelines of a press conference in Cairo on Sunday. According to Omran, the exchange net profit in 2016 came in at EGP 101m. Omran, who was speaking about …

Elsayed Solyman

IPO and earnings to watch in a week

Ibn Sina hires Beltone to manage IPO on EGX Ibn Sina Pharma plans to offer part of its shares on the Egyptian Exchange (EGX) by the end of 2017, Ibn Sina’s managing director Amr Abdel Gawad told Al Borsa news. The pharmaceutical firm hired Beltone Financial Holding to manage its stake sale, or initial public …

Daily News Egypt

EGX30 plummeted more than nine per cent on Sunday, 25 November. (DNE/ Mohamed Omar)

Horizontal movements of EGX during last week before Eid 

The Egyptian Stock Exchange (EGX) trading in Ramadan was filled with strong upward movements and recorded a new historical peak amid the non-existent impact of the trading values and the recovery of the majority of the stocks with support from the strong foreign purchases. Analysts expect horizontal movements to take place during this week’s trading, …

Mahmoud Hashem

EGX shoots for 14,000 points this week, supported by foreign buyers

The Egyptian Exchange (EGX) aims to continue climbing this week, through moving towards 14,000 points,driven by foreign purchases, which have previously helped the market go beyond the pivotal resistance at 13500 points. In the past week, foreign institutions continued to set up intensive financial positions in stocks. The EGX main index successfully exceeded 13,500 points …

Mahmoud Hashem

RCC announces intention of IPO of ordinary shares at EGX

Raya Contact Center (RCC) announced today the offering of up to 48,994,000 existing ordinary shares, representing 48.99% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX), currently owned by Raya Holding for Financial Investments, the selling shareholder. The offering will include an international offering to institutional investors, an Egyptian retail offering to …

Daily News Egypt