Reuters – Egypt’s bourse retreated because of uncertainty over the timing of a hoped-for presidential bid by Field Marshal Abdel Fattah al-Sisi. An official government source said Sisi would keep his post as defence minister in a new government that is being formed after the old one unexpectedly resigned on Monday. Mohamed Radwan, director of …
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Reuters – Egypt’s bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin on Wednesday, while Dubai’s shares fell in profit-taking after mixed earnings reports. Cairo’s Al-Ahram said an administrative court, under the mandate of the 2014 constitution, would start discussions on the draft …
Fund managers and analysts have said consolidating back office operations of the ADX and the DFM could cut costs and, by creating a single framework for settling trades, make it easier for more foreign investors to enter the UAE.
Reuters – Shares in Dubai’s Emaar Properties surged to a 65-month high on Thursday after the firm regained its investment-grade credit rating, while Egyptian shares rose amid a regional uptrend on expectations that the army chief would run for president. Emaar, Dubai’s largest developer, jumped 4.7% to 8.30 dirhams. Standard and Poor’s raised its long-term …
Giant construction deal lifts Abu Dhabi, Saudi banks rally on, Egypt rises on stimulus package
New regulations will be implemented to help boost trading on the bourse and attract more investment
Some fund managers think a pull-back is likely in the near term since Dubai has risen so sharply.
Egypt index gained 0.4 percent to 6,748 points.
Construction sector tycoon says his main investments will target construction, real estate, agriculture and microfinance
Dubai slips from 5-yr high, other markets mixed
Market indices drop was due to profit-taking by investors: member of EGX board of directors
By Olzhas Auyezov – Reuters Egyptian stocks have been on the rise since the ouster of former president Mohamed Morsi in July, driven largely by local retail investors who support the new army-backed government – but are wary of any escalation of violence. “Yesterday was a dramatic day and the country has entered a period …
Market managed to register increases in all indexes
Egypt Business Directory explores factors behind the EGX30 index surge on Thursday to its highest level in eight months. Where did the optimism come from to push the mark to 5765.8 points in that session.
Egyptian markets witness expected losses after steady climb
50% of the company’s shares were sold in the bourse in 1997 due to a stakeholders’ decision; process is deemed illegal
Investors seek the Egyptian bourse, leading liquidity to head to the stock market
The EGX100, the Egyptian bourse’s largest index, decreased 0.36% closing at 744 points, while the EGX20 index decreased 1.86% closing at 6008 points.
Following Egypt’s political turmoil, the linking of the Egyptian and Turkish stock exchanges postponed
1.7% drop in Egypt’s benchmark index amid dispersal of pro-Morsi protesters.
A committee tasked with putting forth suggestions to stimulate small and mid-sized projects on the Nile Bourse, in addition to studying market conditions on the over-the-counter (OTC) market, will be created for the benefit of investors, according to Mohamad Omran, Chairman of the Egyptian Bourse. In statements made to the Middle East News Agency …
The listing of these companies will improve the quality of the performance of the stock market
The website was in a testing phase on Wednesday and was scheduled for a full launch Wednesday evening.
Ninety-three stocks rose in Sunday’s trading, while 31 dropped and 30 others remained unchanged.
The benchmark index closed at 5,359.57 points, down from 5,451.72 on Monday, after Sisi asked for a popular mandate for the army to “confront violence and terrorism.”
New bourse head says number of individuals subject to blocked accounts on the rise
The revival of the pre-marketing session was suggested by the board of the Egyptian Stock Exchange