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22 February 04:42 PM

News Analysis

The EGX100 index fell 1.4%
21 February 09:13 PM EGX’s indices shrink in week; Market cap loses EGP 5.1bn
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices went down in a week, with market capitalisation lost EGP 5.1 billion. The benchmark index, EGX30, declined by 1% to 13,720 points, while the EGX70 index shed 0.83% to 1,256 points. The EGX100 …
Trading Activities
The EGX100 index rose by 0.44%
20 February 05:11 PM EGX’s indices end in green Thursday
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices rose at the end of Thursday, with market capitalisation gained EGP 1.7 billion. The benchmark index, EGX30, increased by 0.19% to 13,720 points, while the EGX70 index added 1.21% to reach …
Stock Evaluations
Authorised capital increased to EGP 500 million
19 February 06:08 PM EGX approves Delta Insurance’s capital hike
Cairo – Mubasher: The listing committee of the Egyptian Exchange (EGX) has approved the increase of Delta Insurance’s authorised capital to EGP 500 million from EGP 150 million, according to a bourse statement released on Wednesday. The committee …
Corporate Actions
EGX50 grew by 0.41%
19 February 05:35 PM EGX30 adds 0.43% at Wednesday’s close; EGX100 stabilises
Cairo – Mubasher: Most of the Egyptian Exchange’s (EGX) general indices closed higher on Wednesday, with market capitalisation gained EGP 1.5 billion. The benchmark index, EGX30, went up by 0.43% to reach 13,694 points, while the EGX70 index added …
Stock Evaluations
Egypt’s PM issued a decree incorporating the company
19 February 03:58 PM Egyptian Commodities Exchange Company to start operations in July 2020
Cairo – Mubasher: The Egyptian Commodities Exchange Company is set to commence operations in July 2020, with a capital of EGP 100 million, Egypt’s supply minister Ali El Moselhi stated on Wednesday. The company will be incorporated under the …
Trading Activities
The company issued 96.64m bonus shares
18 February 06:20 PM Speed Medical ups capital to more than EGP 71m
Cairo – Mubasher: Speed Medical Company has increased its capital to EGP 71.327 million from EGP 52 million, according to a statement released on Tuesday. The capital increase is distributed among 96.638 million bonus shares and is funded by …
Markets Regulations
The EGX100 index shrank 1.15%
18 February 05:45 PM EGX’s indices level down at Tuesday’s close
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices declined at the end of Tuesday’s session, with market capitalisation lost EGP 6.62 billion. The benchmark index, EGX30, went down by 1.18% to close at 13,636 points, while the EGX70 index …
Trading Activities
The deal included 452.58 million shares
18 February 11:31 AM EGX executes EGP 3.6bn deal on Fawry
Cairo – Mubasher: The Egyptian Exchange (EGX) carried out a protected transaction on the shares of Fawry for Banking Technology and Electronic Payments at a value of EGP 3.6 billion. The deal included 452.58 million shares traded at EGP 8 apiece, …
Trading Activities
Revenues slipped by 17.6% YoY in 10M-19/20
18 February 09:52 AM Kuwaiti oil revenues drop to KWD 13bn in 10M
Mubasher: Kuwait’s oil revenues amounted to KWD 13.07 billion ($42.97 billion) in the first 10 months of fiscal year 2019/2020, down by 17.64% year-on-year (YoY) from KWD 15.87 billion ($52.17 billion) Oil revenues in Kuwait accounted for 94.2% of …
Sector Reports
Market capitalisation gained EGP 2.38 billion
17 February 05:25 PM EGX ends Monday higher on foreign buying
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a positive note amid foreign purchases. The benchmark EGX30 index rose by 0.46%, ending the session at 13,800 points. Similarly, the EGX70 EWI went up by 0.19% to …
Trading Activities
he transaction was carried out on 13.379 million shares.
13 February 04:05 PM Rameda executes EGP 62m greenshoe option
Cairo – Mubasher: Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has purchased 13.379 million price stabilisation shares, valued at EGP 62.346 million, the Egyptian Exchange (EGX) said on Thursday. In December …
Trading Activities
Saudi Arabia was the top importer with 25%.
13 February 01:01 PM Egypt's furniture regional exports hit $164m in 2019
Cairo – Mubasher: Egypt has exported furniture valued at $265 million in 2019, down by 18% as compared to $324 million in 2018, Middle East News Agency (MENA) reported on Thursday. Exports to Saudi Arabia, the UAE, Oman, Iraq, and Sudan totalled …
Sector Reports
The EGX100 index shed 0.79%
12 February 05:28 PM EGX’s indices settle lower Wednesday; Market cap loses EGP 6.2bn
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices declined at the end of Wednesday’s session, with market capitalisation shrank by EGP 6.19 billion to stand at EGP 700.18 billion. The benchmark index, EGX30, went down by 1.17% to 13,845 …
Stock Evaluations
Authorised capital increased to EGP 1.5 billion
12 February 04:27 PM EGX to list Heliopolis Housing’s capital-hike shares late February
Cairo – Mubasher: The Egyptian Exchange (EGX) has approved the listing of the capital-increase shares of Heliopolis Company for Housing and Development. The EGX also approved an EGP 222.51 million increase in the company’s capital through the …
Trading Activities
Shares are set to be listed on 17 February
12 February 03:44 PM EGX approves listing of Banque Du Caire’s capital-increase shares
Cairo – Mubasher: The Egyptian Exchange (EGX) has approved the listing of Banque du Caire’s capital-increase shares, according to a bourse statement released on Wednesday. The bank’s capital increased by EGP 3 billion distributed into 750 million …
Trading Activities
Optional delisting procedures are being completed
12 February 12:48 AM EGX receives delisting request from International Dry Ice
Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced that it received a request from International Dry Ice for the delisting of seven million shares from the bourse. Optional delisting procedures are being completed, the EGX said, …
Markets Regulations
The EGX100 index went down by 0.17%
11 February 05:08 PM EGX’s indices show mixed performance on Tuesday
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices ended Tuesday in a mixed note, with market capitalisation lost EGP 128 million. The benchmark index, EGX30, grew by 0.21% to 14,000 points, while the EGX70 index rose by 0.1% to 1,269 points. …
Stock Evaluations
Federal Tax Authority (FTA)
11 February 03:52 PM UAE bans tobacco, e-cigarette plugs without digital tax stamps
Abu Dhabi – Mubasher: The UAE Federal Tax Authority (FTA) announced that importing waterpipe tobaccos and electrically heated cigarette plug not marked with digital tax stamps will be prohibited across country as of 1 March 2020. The ban comes as …
Taxes
Foreign investors were net buyers with EGP 186.9 million
9 February 05:10 PM EGX30 hovers above 14,100 pts at Sunday’s close
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a positive note amid foreign purchases. The main EGX30 index edged up 0.02% to 14,108 points, supported by the rise in blue-chip stocks. The heavyweight Commercial …
Trading Activities
The PR industry started with $500 million 10 years ago
6 February 02:14 PM MENA’s PR industry likely to double current $1bn value by 2030
Mubasher: The Public relations (PR) industry in MENA is set to double its current $1 billion value by 2030, backed by the rapid growth of the region’s national champion companies. This was announced during the PRovoke MENA Summit 2020 which was …
Sector Reports
The EGX100 index increased by 0.8%
5 February 05:33 PM EGX’s indices settle higher on Wednesday
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices grew at the end of Wednesday’s session, with market capitalisation gained EGP 5.6 billion to reach EGP 707.32 billion. The benchmark index, EGX30, went up by 0.52% to stand at 13,987 points, …
Stock Evaluations
CIB advanced to EGP 86
4 February 04:53 PM EGX ends Tuesday mixed; market cap loses EGP 2.4bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a varied note amid foreign purchases and local and Arab sell-offs. The main EGX30 index went up by 0.26%, ending the mid-week session at 13,915 points. The …
Trading Activities
Lower demand for input costs curbed cost inflation
4 February 11:33 AM Egypt’s non-oil private sector drops to near 3-year low – PMI
Cairo – Mubasher: The Egyptian non-oil private sector deteriorated at a faster pace early 2020 with a decline in sales and a strong drop in business activity, according to a report produced by IHS Markit.  Egypt's Purchasing Managers’ Index (PMI) …
Sector Reports
Private investors might acquire up to 100% of these assets
4 February 11:05 AM Egypt’s sovereign fund inks deal to promote military-owned assets
Cairo – Mubasher: Egypt’s sovereign wealth fund signed a cooperation agreement with the National Service Products Organization (NSPO). Under the deal, the fund will help in restructuring and marketing some assets and subsidiaries of NSPO, …
Macroeconomics
Market capitalisation dropped by EGP 2.02 billion
3 February 04:50 PM EGX ends Monday down for 2nd session in row
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a negative note for the second session in a row, with its main EGX30 index edging down by 0.08% to 13,878 points. Meanwhile, the small- and mid-cap EGX70 EWI fell by …
Trading Activities