News Analysis

The market’s turnover reached EGP 1.719 billion

20 January 05:01 PM EGX30 ends Wednesday near 11,600 pts; market cap grows about EGP7bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a positive note on the back of local purchases. The main EGX30 index rose by 0.98% to 11,598 points, while the small- and mid- cap EGX70 EWI advanced by 1.06% to …

Trading Activities

The market cap value grew by EGP 3.3 billion

19 January 05:03 PM EGX ends in Tuesday in green on foreign purchases

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a positive note on the back of foreign purchases. The main EGX30 index increased by 0.31%, ending the mid-week session at 11,485 points, while the small- and mid-cap …

Trading Activities

The market’s turnover amounted to EGP 1.45 billion

18 January 05:22 PM EGX loses EGP 1.5bn in market cap at Monday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a varied note as the main EGX30 index was the sole riser with 0.04% to 11,450 points. The small- and mid-cap EGX70 EWI slid by 0.71% to 2,261, while the EGX100 EWI …

Trading Activities

The new methodology will be applied starting from February 2021.

18 January 01:34 PM EGX develops EGX30 index methodology

Cairo – Mubasher: The Egyptian Exchange (EGX) completed the development of the EGX30 index methodology to boost the ability of the index to attract more investments. The free-float weighted market cap indicator will be added, along with the …

The main EGX30 index edged down by 0.16% to 11,446 points

17 January 05:30 PM EGX ends Sunday mixed; market cap rises EGP 3.5bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a varied note. The main EGX30 index edged down by 0.16% to 11,446 points, while the small- and mid-cap EGX70 EWI rose by 1.01% to 2,277 points. Meanwhile, the EGX100 …

Trading Activities

The market cap value grew by EGP 3.4 billion

14 January 04:46 PM EGX30 rises above 11,400 pts at Thursday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session in the green territory on the back of foreign and Arab purchases. The main EGX30 index rose by 0.57 to end the session at 11,453 points, while the small- and mid-cap …

Trading Activities

The market’s turnover amounted to EGP 1.74 billion

13 January 04:35 PM EGX ends Wednesday in green; market cap rises EGP 2bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a positive note on the back of foreign purchases. The benchmark EGX30 index rose by 0.43% to end the session at 11,388 points, while the small- and mid-cap EGX70 …

Trading Activities

The market’s turnover stood at EGP 1.66 billion

12 January 04:56 PM EGX gains EGP 760m in market cap at Tuesday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session mostly on a positive note as the main EGX30 rose by 0.54% to 11,339 points. The small- and mid-cap EGX70 EWI increased by 0.65% to end the mid-week session at 2,204 …

Trading Activities

Shareholders reportedly approved a decision to liquidate its steel plant

12 January 12:32 PM EGX halts trading on Hadisolb's stock

Cairo – Mubasher: The Egyptian Exchange (EGX) announced the halt of trading on the shares of the Egyptian Iron and Steel (Hadisolb) pending an announcement of the extraordinary general meeting’s (EGM) decisions. Trading on the company’s shares …

Trading Activities

The market cap value grew by EGP 2.16 billion

11 January 04:19 PM EGX30 hovers near 11,300 pts at Monday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session in green territory on the back of Arab purchases. The main EGX30 index rose by 0.58% to 11,278 points, while the small- and mid-cap EGX70 EWI increased by 0.47% to 2,189 …

Trading Activities

The market’s turnover amounted to EGP 1.6 billion

10 January 04:51 PM EGX30 ends Sunday above 11,200 pts; market cap gains EGP 9.2bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading on a positive note on the back of Arab and foreign purchases. The main EGX30 index climbed by 2.39% to end at 11,213 points, while the small- and mid-cap EGX70 EWI rose by 1.25% …

Trading Activities

Foreign investors were net buyers with EGP 43.21 million

6 January 04:46 PM EGX ends Wednesday in green on foreign purchases

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a positive note on the back of foreign purchases. The main EGX30 index advanced by 1.13% to 10,952 points, while the small- and mid-cap EGX70 EWI rose by 0.53% to …

Trading Activities

Trading will be resumed on 10 January

5 January 05:46 PM Banks, EGX off on Thursday in celebration of Coptic Christmas

Cairo – Mubasher: The Central Bank of Egypt (CBE) announced that all banks will be closed on Thursday, 7 January, on the occasion of the Coptic Christmas. Banks will reopen on Sunday, 10 January, the CBE said in a statement on Tuesday. Moreover, …

Fawry saw the trading of about 924,700 shares at a turnover of EGP 36.33 million

5 January 05:35 PM Fawry's stock hits new high following capital raise approval

By: Heba El-Kordy Cairo – Mubasher: The share price of the e-payment solutions provider Fawry for Banking Technology and Electronic Payments reached an all-time high of EGP 38.5, after rising by 2.05% at the end of Tuesday’s trading session. …

Trading Activities

The market's turnover amounted to EGP 1.37 billion

5 January 05:17 PM EGX ends Tuesday mixed; market cap gains EGP 2.6bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a varied note with the market cap gaining more than EGP 2 billion. The main EGX30 index rose by 0.15% to end at 10,829 points, while the small- and mid-cap EGX70 EWI …

Trading Activities

The Financial Brokerage Group topped the list with a turnover of EGP 74.37 billion

5 January 10:45 AM Mubasher International among top 10 brokerage firms on EGX in 2020

Cairo – Mubasher: Mubasher International Trade for Securities (MubasherTrade) came among the top 10 brokerage firms in terms of the trading value on the Egyptian Exchange (EGX) during 2020. Mubasher came in the eighth position, acquiring 2.9% or …

Trading Activities

The market cap value increased by EGP 115.7 million

4 January 04:01 PM EGX30 hovers near 10,800 pts at Monday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a negative note, pressured by local and Arab selloffs. The main EGX30 index slid by 0.29%, ending the session at 10,813 points, wile the small- and mid-cap EGX70 EWI …

Trading Activities

The market cap of the main market retreated to EGP 650 million

31 December 2020 05:25 PM EGX generates higher liquidity in 2020 despite COVID-19 crisis

Cairo – Mubasher: The Egyptian Exchange (EGX) generated EGP 630.71 billion in turnover in 2020, up by 62.6% from EGP 387.86 billion in 2019, despite the challenges posed by the coronavirus (COVID-19) pandemic. Over the course of 2020, the main …

Trading Activities

The market’s turnover amounted to EGP 1.21 billion

29 December 2020 04:56 PM EGX ends Tuesday higher; market cap rises EGP 3.1bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a positive note with the benchmark EGX30 index rising by 0.73% to 10,736 points. The small- and mid-cap EGX70 EWI advanced by 1.01% to 2,082 points, while the EGX100 …

Trading Activities

(Photo Credit: https://mecei.org/)

29 December 2020 01:46 PM MENA holds strong potential for low, zero-carbon energy sources - Report

Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) highlighted in its MENA Power Investment Outlook 2020-2024 key regional developments and prevalent trends in the power sector over the short and medium terms. Among the …

The benchmark EGX30 index rose by 0.69% to 10,658 points

28 December 2020 05:13 PM EGX ends Monday in green; market cap grows EGP 6bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a positive note as a block-trading deal on Misr Fertilizers Production Company’s (Mopco) shares was executed during the session. The benchmark EGX30 index rose by …

Trading Activities

The market's turnover amounted to EGP 807.6 million

27 December 2020 05:25 PM EGX loses EGP 5.5bn in market cap at Sunday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a negative note with the benchmark EGX30 index falling by 0.92% to 10,585 points. In the meantime, the small- and mid-cap EGX70 EWI slid by 1.44% to 2,026 points, …

Trading Activities

The market cap value grew by EGP 1.7 billion

24 December 2020 04:38 PM EGX ends Thursday higher; market cap rises EGP 1.7bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session in the green territory on the back of Arab and local purchases. The main EGX30 index edged up by 0.06%, ending the session at 10,683 points, while the small- and …

Trading Activities

The market cap value grew by EGP 3.9 billion

23 December 2020 05:47 PM EGX ends Wednesday in green on local, foreign purchases

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading on a positive note on the back of foreign and local purchases. The main EGX30 index rose by 0.2% to end at 10,677 points, while the small- and mid-cap EGX70 EWI climbed by …

Trading Activities

The market’s turnover stood at EGP 1.06 billion

22 December 2020 04:44 PM EGX gains EGP 5.6bn in market cap at Tuesday’s close

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices partially rebounded from Monday’s steep slump as the benchmark EGX30 index increased by 0.7% to end at 10,655.91 points. The small- and mid-cap EGX70 EWI rose by 0.26% to 1,963 points, while …

Trading Activities