News Analysis

The market cap value dropped by EGP 8.76 billion

22 October 05:27 PM EGX30 ends Thursday below 11,000 pts as CIB’s stock suspended

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session in the red territory, pressured by foreign selloffs. The main EGX30 index slumped by 1.03% to end the session at 10,987 points as trading was halted on the shares of …

Trading Activities

The bank reported net profits of EGP 4.997 billion in six months

22 October 11:20 AM EGX halts trading on CIB in response to regulator's request

Cairo – Mubasher: The Egyptian Exchange (EGX) has halted trading on the shares of the Commercial International Bank – Egypt (CIB) based on the request of the Financial Regulatory Authority (FRA), according to a statement on Thursday. In September, …

Banking and Finance

The market cap value retreated by EGP 3.9 billion

21 October 05:29 PM EGX ends Wednesday on negative note on local selloffs

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a negative note with the benchmark EGX30 index sliding by 0.5% to 11,101 points. Meanwhile, the EGX70 EWI dropped by 1.25% to 1,918 points, while the EGX100 EWI …

Trading Activities

The market’s turnover stood at EGP 927.971 million

20 October 05:22 PM EGX ends Tuesday in red; market cap loses EGP 2bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a negative note, pressured by foreign selloffs. The main EGX30 index fell by 0.12%, ending the mid-week session at 11,157 points, while the small- and mid-cap EGX70 …

Trading Activities

Kahira Pharmaceuticals jumped by 32% in three months

20 October 05:09 PM Pharma stocks lead EGX ahead of potential acquisitions

Cairo – Mubasher: Amid market volatility due to concerns over a second wave of coronavirus (COVID-19) infections, pharmaceutical stocks on the Egyptian Exchange (EGX) reported strong performance ahead of potential mergers and acquisitions. Amr …

Trading Activities

The market cap value declined by EGP 338.6 million

19 October 04:52 PM EGX ends Monday mixed

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a varied note amid local and foreign selloffs and Arab purchases. The main EGX30 index dropped by 0.12% to end at 11,171 points, while the small- and mid-cap EGX70 …

Trading Activities

The market cap value decreased by EGP 6.4 billion

18 October 04:46 PM EGX30 falls below 11,200 pts at Sunday’s close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a negative note, pressured by Arab and foreign selloffs. The main EGX30 index slumped by 1.21% to end the session at 11,185 points, while the small- and mid-cap EGX70 …

Trading Activities

Zedny was founded in 2018

18 October 11:25 AM Online platforms for professional development - Interview with Zedny

By: Moslem Ali Cairo - Mubasher: With technological advancements and growing digital infrastructure, the digital education industry is growing in the Middle East. Remote learning, in particular, has gained increased importance with the recent new …

The market’s turnover amounted to EGP 1.1 billion

15 October 05:09 PM EGX ends Thursday in red; market cap loses EGP 1bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a negative note, pressured by local selloffs. The benchmark EGX30 index inched down by 0.1% to end the session at 11,322 points. Meanwhile, the small- and mid-cap …

Trading Activities

The market cap value dropped by EGP 5.7 billion

13 October 05:03 PM EGX30 slides below 11,300 pts at Tuesday’s close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a negative note, pressured by foreign selloffs. The main EGX30 index dropped by 0.93% to close at 11,291 points, while the small- and mid-cap EGX70 EWI fell by 1.69% …

Trading Activities

The new platform will enable investors and brokers to explore new investment opportunities

11 October 12:44 PM DFM collaborates with 14 launch partners for new equity futures platform

Dubai - Mubasher: The Dubai Financial Market (DFM) has collaborated with 14 brokerage firms and technology and data providers as launch partners for its new equity futures platform, set to be launched on 18 October. The new platform will enable …

Trading Activities

The market cap value advanced by EGP 2.9 billion

7 October 04:46 PM EGX30 breaks through 11,300 pts at Wednesday’s close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a positive note with the main EGX30 index rising by 1.62% to 11,326 points. The small- and mid-cap EGX70 EWI increased by 0.67% to 2,006 points, while the EGX10 …

Trading Activities

The market’s turnover registered EGP 1.17 billion

6 October 04:38 PM EGX gains EGP 7.4bn in market cap at Tuesday's close

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 1.26% to register 11,146 points, while the small- and mid-cap EGX70 EWI climbed …

Trading Activities

The market cap value decreased by EGP 3.96 billion

5 October 05:20 PM EGX ends Monday in red on foreign selloffs

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a negative note, pressured by foreign selloffs. The benchmark EGX30 index slid by 0.58% to register 11,007 points, while the small- and mid-cap EGX70 EWI declined by …

Trading Activities

Trading will be resumed on Sunday, 11 October

5 October 02:22 PM Banks, EGX off Thursday on 6th of October Victory Occasion

Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Thursday, 8 October, will be an official holiday on the occasion of the 6th of October victory. Trading will be resumed on Sunday, 11 October, according to a statement on Monday. In …

Trading Activities

Egypt's PMI advanced to 50.4 in September

5 October 11:16 AM Egypt’s non-oil private sector expands for first time in 14 months

Cairo – Mubasher: The Egyptian non-oil private sector recorded its first economic growth in 14 months in September, backed by higher consumer demand and export sales, a survey showed on Monday. The seasonally adjusted IHS Markit Egypt Purchasing …

The EGX50 EWI increased by 0.24%

4 October 05:53 PM EGX ends Sunday mixed; market cap gains EGP 3.9bn

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed Sunday’s trading session on a varied note with the main EGX30 index rising by 0.18% to 11,071 points. Meanwhile, the small- and mid-cap EGX70 EWI dropped by 0.42% to 2,014 points, …

Trading Activities

The market’s turnover stood at EGP 144.1 billion

1 October 05:32 PM EGX gains EGP 28.7bn in market cap in Q3

Cairo – Mubasher: The Egyptian Exchange (EGX) ended the third quarter (Q3) of 2020 on a positive note, partially rebounding from the large decline caused by the repercussions of the coronavirus (COVID-19) pandemic. The main EGX30 index advanced by …

Trading Activities

The benchmark EGX30 index slid by 3.3% to register 10,989 points

30 September 05:55 PM EGX loses EGP 12.17bn in market cap in September

Cairo – Mubasher: The Egyptian Exchange (EGX) lost a total of EGP 12.17 billion in market cap during September with the benchmark EGX30 index sliding by 3.3% to register 10,989 points in September, compared to 11,365 points in August. Over the …

Trading Activities

The market’s turnover registered EGP 1.48 billion

29 September 05:29 PM EGX30 nears 11K pts at Tuesday’s close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a varied note amid local and Arab purchases and foreign selloffs. The benchmark EGX30 index rose by 0.16% to register 10,987 points, while the small- and mid-cap …

Trading Activities

The market’s turnover amounted to EGP 1.2 billion

28 September 05:16 PM EGX ends Monday varied; market cap gains EGP 1.58bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a mixed note amid local and Arab purchases and foreign selloffs. The main EGX30 index rose by 0.62% to end at 10,969 points, while the small- and mid-cap EGX70 EWI …

Trading Activities

The market cap value retreated by EGP 472 million

27 September 05:04 PM EGX ends Sunday mixed

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a varied note amid local purchases and foreign and Arab selloffs. The main EGX30 index inched down by 0.08%, ending the session at 10,902 points. On the other hand, …

Trading Activities

The market’s turnover registered EGP 1.26 billion

24 September 05:27 PM EGX ends Thursday in red; market cap loses EGP 3.4bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a negative note, pressured by foreign selloffs. The benchmark EGX30 index retreated by 0.62% to 10,911 points, while the small- and mid-cap EGX70 EWI dropped by …

Trading Activities

The market’s turnover reached EGP 1.29 billion

23 September 04:45 PM EGX ends Wednesday higher; market cap gains EGP 2.9bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in the green territory with the main EGX30 index rising by 0.15% to 10,979 points. Meanwhile, the small- and mid-cap EGX70 EWI climbed by 1.99% to 2,009, while the …

Trading Activities

The market cap value grew by EGP 4.07 billion

22 September 05:06 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 Arab and local purchases. The main EGX30 index increased by 0.48%, ending the mid-week session at 10,963 points. Likewise, the small- …

Trading Activities