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2 July 04:24 PM EGX’s indices close Tuesday with mixed performance

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Tuesday’s trading session with varied performance, with the EGX30 main index inching up 0.06% to 27,985.89 points. On the other hand, the EGX70 EWI and EGX100 EWI indices ended the …

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1 July 04:24 PM Fawry sees EGP 1bn block-trading

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments has witnessed a block-trading transaction of EGP 1.02 billion on Monday, 1 July 2024. The deal was executed on 170.24 million shares, according to an announcement. In the first …

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1 July 02:45 PM EGX’s indices flag in green on Monday

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) closed Monday’s trading session on a positive note, with the EGX30 main index up 0.73% to 27,969.59 points. Both EGX70 EWI as well as EGX100 EWI indices ended the session higher by 0.86% …

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27 June 03:38 PM EGX marks 2nd consecutive positive closure on Thursday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices ended with positive performance for the second session in a row on Thursday. The benchmark index, EGX30, increased by 0.97% to close at 27,766.27 points, while the Shariah index grew by 0.50% …

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27 June 09:33 AM GCC asset management industry thrives amid reforms, technology adoption – Report

Mubasher: The asset management industry in the GCC has significantly improved due to positive regulatory reforms and government support, according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre (MARKAZ). Over the …

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26 June 03:58 PM EGX sees positive performance on Wednesday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed in the green territory on Wednesday. The benchmark index, EGX30, grew by 0.87% to close at 27,500.56 points, while the Shariah index rose by 0.45% to end at 2,722.58 points. The EGX70 …

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25 June 03:19 PM EGX sees positive performance on Tuesday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed in the green territory on Tuesday. The benchmark index, EGX30, rose by 1.34% to close at 27,264.23 points, while the Shariah index grew by 1.86% to end at 2,710.34 points. The EGX70 …

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25 June 11:28 AM HSBC debuts WorldTrader digital platform in UAE

UAE – Mubasher: HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release. WorldTrader will enable HSBC Wealth and Personal Banking …

Companies Investments

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25 June 08:58 AM Abu Dhabi-based Lunate launches Chimera J.P. Morgan Global Sukuk ETF

UAE-Mubasher: Lunate Capital has launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8 July. The fund will track the performance of the J.P. …

Companies Investments

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24 June 03:05 PM Three EGX indices close Monday in red; EGX70 EWI only riser

Cairo – Mubasher: Most of the indexes of the Egyptian Exchange (EGX) slightly dipped on Monday. The benchmark index, EGX30, declined by 0.59% to close at 26,902.40 points, while the Shariah index shrank by 0.62% to end at 2,660.88 points. The …

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24 June 11:57 AM MubasherTrade Research initiates coverage on Act Financial's FV ahead of EGX listing

Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …

Initial Public Offerings

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23 June 03:24 PM EGX indices show solid gains after Eid vacation

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended the first session after Eid Al-Adha vacation in the green territory. The benchmark index, EGX30, rose by 2.44% to close at 27,062.37 points, while the new Shariah index increased …

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18 June 05:41 PM Six Arab countries advance in 2024 World Competitiveness Ranking

Mubasher: The 2024 World Competitiveness Report included six countries from the Arab region which all showed progress in this year’s ranking, according to the International Institute for Management Development (IMD) data. The UAE led the Arab …

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18 June 04:04 PM Global travel, tourism deals plunge in 5M while European markets show growth – GlobalData

Mubasher: The total number of deals registered in the global travel and tourism sector decreased by 10.90% to 286 during the first five months (5M) of 2024 when compared with 321 in January-May 2023, according to GlobalData Deals Database. The …

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13 June 02:54 PM EGX ends Thursday’s session with positive note

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) closed Thursday’s trading session in the green zone, with the EGX30 main index up 1.09% to 26,417.60 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the …

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12 June 02:56 PM EGX closes Wednesday in green zone

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Wednesday’s trading session higher, with the EGX30 main index up 0.20% to 26,133.39 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session …

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12 June 10:46 AM Egyptian Exchange introduces new Shariah-compliant index

Cairo – Mubasher: The Egyptian Exchange (EGX) has launched the Shariah-complaint index, EGX33. The index comprises 33 meticulously selected companies whose activities adhere to the principles of Islamic Shariah, according to a press release. These …

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11 June 02:46 PM EGX closes Tuesday’s trading session up

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) showed a positive performance on Tuesday after the EGX30 main index rose by 0.72% to 26,082.29 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session …

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10 June 02:43 PM EGX closes Monday in green zone

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Monday’s trading session in the green zone after the EGX30 main index went up by 0.93% to 25,896.56 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices ended …

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10 June 12:54 PM Act Financial obtains FRA’s nod for EGX listing

Cairo – Mubasher: The Financial Regulatory Authority (FRA) greenlighted the registration of Act Financial’s shares on the Egyptian Exchange (EGX). The company plans to float shares valued at EGP 1.04 billion, according to a bourse disclosure. Act …

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10 June 09:34 AM Qalaa Holdings secures $17.5m in 1st phase of debt sale

Cairo – Mubasher: Qalaa Holdings announced that the first phase of allowing shareholders to purchase its external debt has raised EGP 875.35 million Egyptian pounds ($17.49 million), between 2 and 5 June 2024, covering 81% of the targeted amount. …

Banking and Finance

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9 June 02:54 PM EGX’s indices flag in red on Sunday

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) showed a negative performance on Sunday, with the EGX30 main index down 2.91% to 25,659.13 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices ended the session lower …

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6 June 02:40 PM Egyptian Exchange sees negative performance on Thursday

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended in the red on Thursday, with the EGX30 main index inching lower by 0.77% to 26,428.65 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session …

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5 June 03:04 PM EGX closes Wednesday’s trading session lower

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) closed Wednesday’s trading session with a negative performance after the EGX30 main index fell by 1.25% to 2,6634.30 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI …

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4 June 03:14 PM Egyptian Exchange closes Tuesday in green

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Tuesday’s trading session with a positive performance, after declining in the previous session. The EGX30 main index rose by 0.52% to 26,973 points. The small- and mid-cap EGX70 …

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