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Banking sector led EGX recovery last week: EAC chairperson
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
Expectations of market cohesion at the end of the year despite the absence of influential forces: Elnemr
Expectations of continuing increase at 14,350-14,500 levels during this week: El Rawy
Egypt will offer 22% to 25% of the shares in HHD in 1Q 2020, says Hesham Tawfik
Our discussions with Egypt focused on possible modalities of future engagement rather than on specific measures, says Lall
Country branding relates to culture, politics, sports of the people, says Salah Hassan
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
ALCN, AFC listings expected to be deferred to 1Q 2020
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
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
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
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.
Lower interest rates will encourage investment borrowing, says Abu Basha
First cargo shipping from Sokhna Port to Uganda leaves on Tuesday
CIB hikes by 5% and Eastern Company by 4.7%
MPC meeting will end the bleeding of the stock market, says HC
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
First time to suspend trading in the EGX 100 since 2016
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.
The EGX30 index rose 1.2% during the last week’s trading to settle at 15,110 points, and while the EGX70 rose 0.6%, closing at 556 points.
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
Experts forecasts further cut before end-2019, debt instruments remain attractive
Fayed statement came on the sidelines of the loan signing ceremony with real estate developer Inertia. He explained that the offering would be through a capital increase and the sale of a stake to a strategic investor, targeting around $300-400m.
The Minister of Public Enterprises Sector, Hisham Tawfek, said his ministry has 119 subsidiaries under the law No. 203, in addition to 107 other companies under the same law but affiliated to other ministries.
The offering included 36% stake, which represents 21% of its capital.
IPO to close tomorrow, trading begins on Thursday