News Analysis

How the pandemic changed the e-payments outlook in MENA?

12 August 07:27 PM The future of e-payment solutions after COVID-19

By: Moslem Ali Cairo – Mubasher: “Stay Home” is a global call that spread across the world over the past months, signalling not only a new public policy and a health precaution against an infectious disease but a turning point in how markets …

Banking and Finance

The market’s turnover amounted to EGP 1.53 billion

11 August 05:57 PM EGX ends Tuesday mixed; market cap gains EGP 2.1bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a mixed note amid local and Arab purchases and foreign selloffs. The benchmark EGX30 index went down by 0.17%, ending the mid-week session at 10,919.47 points. On …

Trading Activities

The amendments will be effective as of Wednesday, 12 August.

11 August 11:12 AM EGX announces list of securities eligible for short selling

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a list of companies that are eligible for short selling after adjusting the criteria of market capitalisation for free-floated shares. The number of securities eligible for short selling …

Trading Activities

The market cap gained EGP 2.1 billion

10 August 04:46 PM EGX gains EGP 2.1bn in market cap at Monday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a varied note amid local purchases and foreign and Arab selloffs. The main EGX30 index went down by 0.22%, ending the session at 10,938 points. On the other hand, the …

Trading Activities

The joined members can now provide brokerage services for derivatives trading

9 August 05:11 PM Tadawul welcomes five members to derivatives market

Riyadh - Mubasher: The first group of the derivatives exchange members has joined the Saudi Stock Exchange’s (Tadawul) derivatives market after completing all necessary regulatory and technical requirements and procedures. The list includes NCB …

Event

The market’s turnover amounted to EGP 1.18 billion

9 August 04:47 PM EGX gains EGP 5.3bn in market cap at Sunday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a positive note on the back of local purchases. The main EGX30 index climbed by 1.34%, ending the session at 10,962 points. Similarly, the small- and mid-cap EGX70 …

Trading Activities

The market cap value grew by 3.5 billion

6 August 04:38 PM EGX ends Thursday in green on local, Arab purchases

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a positive note on the back of local and Arab purchases. The main EGX30 index climbed by 1.06%, ending the session at 10,817 points. Similarly, the small- and …

Trading Activities

The OSPs to Northwestern Europe declined by $2.5

6 August 03:58 PM Saudi Aramco sets crude selling prices for September

Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the official selling prices (OSPs) for its Arab light crude oil for September delivery, according to Reuters. The Saudi company has decreased the OSPs of Arab light crude oil …

The market’s turnover registered EGP 1.25 billion

5 August 05:04 PM EGX gains EGP 3.7bn in market cap at Wednesday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a positive note, supported by local and Arab purchases. The main EGX30 index rose by 0.79% to end at 10,704 points, while the small- and mid-cap EGX70 EWI …

Trading Activities

The market cap gained EGP 4.2 billion

4 August 05:12 PM EGX ends Tuesday in green on local, Arab purchases

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a positive note on the back of local and Arab purchases. The main EGX30 index rose by 0.19%, ending the session at 10,620 points, while the small- and mid-cap EGX100 …

Trading Activities

Photo Archive

3 August 02:37 PM Sales of leather products in Egypt up 25% during Eid al-Adha

Cairo – Mubasher: The Egyptian leather market has seen a sales growth between 20% and 25% during Eid al-Adha holiday when compared to the volume sold during Eid al-Fitr feast, the Middle East News Agency (MENA) reported. The prices for all …

The FDI inflow to the Arab region could shrink by more than 21% in 2020

3 August 12:09 PM Saudi Arabia is most attractive GCC destination for FDI in Q1

Riyadh – Mubasher: The number of new foreign direct investment (FDI) projects launched by GCC states to other countries went down by 8% in the first quarter (Q1) of 2020 to stand at 70 projects valued at $4.9 billion. The projects’ investment cost …

The main EGX30 index rose by 0.48% to end the session at 10,575 points

27 July 05:51 PM EGX gains EGP 2.1bn in market cap at Monday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) witnessed a sideways-to-rising performance at the end of Monday’s trading session on the back of Arab and foreign purchases. The main EGX30 index rose by 0.48% to end the session at 10,575 points, …

Trading Activities

Electric cars will contribute to reducing emissions

23 July 01:16 PM Madbouly follows up on natural gas vehicles conversion strategy

Cairo - Mubasher: The Egyptian Prime Minister Mostafa Madbouly has held a meeting to follow up on the incentive system to convert more gasoline-run cars to natural gas and the strategy for electric car manufacturing. During the meeting, public …

The market cap value grew by EGP 5 billion

21 July 04:36 PM EGX ends Tuesday in green on local, foreign purchases

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a positive note on the back of local and foreign purchases. The main EGX30 index rose by 1.71% to end the session at 10,558 points. Meanwhile, the small- and mid-cap …

Trading Activities

The market cap value shrank by EGP 6.04 billion

19 July 04:41 PM EGX ends Sunday in red on foreign selloffs

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a negative note with its main EGX30 index sliding by 1.53% to 10,281 points. The small- and mid-cap EGX70 EWI fell by 1.17% to 1,409 points, while the EGX100 EWI …

Trading Activities

The market cap value retreated by EGP 5.75 billion .

16 July 04:45 PM EGX ends Thursday down on foreign selloffs

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a negative note with its main EGX30 index sliding by 1.66% to 10,441 points. Meanwhile, the small- and mid-cap EGX70 EWI fell by 2.45% to 1,425 points, while the …

Trading Activities

The webinar discussed investment opportunities in healthcare

15 July 07:35 PM Why investors should look into the Egyptian healthcare sector?

By: Moslem Ali Cairo – Mubasher: The Egyptian healthcare industry remains attractive for local and international investments, with many areas for development and expansion arising particularly in the post-COVID-19 stage, panellists agreed during a …

Event

The market’s turnover amounted to EGP 1.5 billion

15 July 04:59 PM EGX loses over EGP 15bn in market cap at Wednesday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a negative note, dragged by local and foreign selloffs. The main EGX30 index fell by 2.36%, ending the session at 10,617 points. Similarly, the small- and mid-cap …

Trading Activities

The market’s turnover amounted to EGP 875.1 million

14 July 04:46 PM EGX ends Tuesday in red; market cap loses EGP 8.5bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a negative note, pressured by foreign selloffs. The main EGX30 index declined by 1.22%, ending the mid-week session at 10,873 points. Likewise, the small- and …

Trading Activities

BeIN Sports shall return all financial gains it obtained as a result of the violation

14 July 04:09 PM KSA imposes SAR 10m fine on BeIN Sports; terminates licence permanently

Riyadh - Mubasher: Investigations conducted by the Saudi General Authority for Competition (GAC) against BeIN Sports indicated that the channel had abused its dominant position and committed several monopolistic practices related to potential …

Muqassa aims to support the growth of the Saudi capital market

14 July 11:45 AM Muqassa to commence operations on 30 August

Riyadh - Mubasher: The Securities Clearing Center Company (Muqassa) will begin its operations on 30 August 2020 after its establishment in 2018 and its licence earlier this year. Muqassa aims to support the growth of the Saudi capital market …

Markets Regulations

The launch will further develop the Saudi market

14 July 10:21 AM Tadawul to launch derivatives market in August

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) will launch the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product. The launch is an important step to develop the Saudi market. …

Event

The market cap value retreated by EGP 2.2 billion

13 July 04:40 PM EGX30 ends Monday lower amid foreign, Arab selloffs

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a varied note with the main EGX30 index falling by 0.58% to 11,007 points. Meanwhile, the small- and mid-cap EGX70 EWI rose by 0.87% to end at 1,549 points, while the …

Trading Activities

The market’s turnover stood at EGP 945.5 million

12 July 04:33 PM EGX ends Sunday in green; market cap gains EGP 10bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a positive note with its benchmark EGX30 index rising by 1.05% to 11,071 points. The small- and mid-cap EGX70 EWI climbed by 3.98% to end at 1,536 points, while the …

Trading Activities