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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
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
Lower interest rates will encourage investment borrowing, says Abu Basha
The significance of the support level of 14,800 lies in the fact that it represents the previous two weeks’ low, and the neckline of a bearish short-term pattern. “Therefore, we will adopt a conservative viewpoint as long as the indices keep trading below the aforementioned level until the market proves the opposite,” Othman said.
Financial markets pioneered use of financial technology, are the basis of technological innovation
Decline in return on investment revives EGX investments in tandem with IPO activity
The offering included 36% stake, which represents 21% of its capital.
IPO to close tomorrow, trading begins on Thursday
Bidding unit was market demand to increase turnover of small securities, says EGX chairperson
The EGX welcomes all new financial products that can attract new segments of investors as long as they are consistent with the EGX rules and procedures.
Technological culture strongly prevalent in Egypt, allows building strong digital financial system
The main index EGX30 fell by 5.5% last week to 14,035 points, in its largest weekly decline since December.
We will promote use of financial technology in Arab stock exchanges to counter informal markets: Farid
Women’s unemployment rate decreased from 24% in 2014 to 19.6% in Q1 of 2019, says Morsi
Total bank assets increase to EGP 351.68bn until end-March
Benchmark EGX30 index has resistance at 13,580 and 13,622 points
Bank’s business increased to EGP 95.98bn end-February, against EGP 84.43bn in February 2018
Market capitalisation gains EGP 15bn in a week, closes at EGP 830.25bn
We are still underdeveloped in establishment of REITs, says EGX Chairperson
Benchmark EGX30 index levelled up 677 points, or 4.79% in Feb to 14,803 points
Public offering of company to start Sunday amid expectations of heavy demand
Market capitalisation will be set based on weight of free-float shares of each company
Benchmark EGX30 rose 4.5%, or 620.03 points in week, finishing at 14,126.68 points
Emerging markets crises will not affect planned IPOs, state to keep 40% ownership
Market expected to move upwards in mid-term, bolstered by earning season
The board of directors of the Financial Regulatory Authority (FRA) issued a decision to amend some of the provisions of the rules for new listings on the Egyptian Exchange (EGX), as well as rules for continuation and delisting, through adding rules stipulated in article 6 of Law 95 of 1992. Mohammed Omran, chairperson of the …
Finance Ministry tells planning, budget committee government will offer 15-30% of 23 companies over two years
The vice president of the Egyptian Exchange, Mohsen Adel, revealed on Sunday that 10,000 new investors entered the EGX since the beginning of 2018 through 31 March. This came during the session Capital Market Reform in the Portfolio Egypt Conference 2018 on Sunday, which was organised by Al Mal GTM, under the title of Opportunities …
Mohamed Farid, chairperson of the Egyptian Exchange (EGX) and the Federation of Euro-Asian Stock Exchanges (FEAS), said that Egypt’s economic reform programme put the country in a position allowing it to create its success story, adding, “tremendous improvements were made.” Farid noted, at CFA Institute’s Middle East Investment Conference on Monday, that the Egyptian reform programme is …
EGX30 rises 0.39% in one week, hitting 17,064 points