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18 July 04:51 PM Egyptian Exchange closes Thursday in green
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) rose by 1.11%, ending Thursday’s session at 28,653.85 points. The small- and mid-cap EGX70 EWI grew by 1.08% to 6,495.93 points. The EGX100 EWI increased by 1.13% to 9,374.67 …
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18 July 04:35 PM Act Financial’s private offering oversubscribed by over 20x
By: Hady El-Essawy Cairo – Mubasher: The private offering of Act Financial’s shares has been oversubscribed by 20.20 times, informed sources told Mubasher. The subscription process ended on Thursday after achieving the highest coverage rate on the …
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18 July 01:44 PM Sinai Cement unveils results for capital increase offering
Cairo – Mubasher: Sinai Cement has announced that senior shareholders have subscribed to 75.95% of its capital hike offering in the first phase. Out of 168.20 million offered shares, senior shareholders subscribed to 127.74 million shares at a …
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17 July 04:34 PM EGX’s indices achieve collective gains on Wednesday
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) grew by 1.84%, closing Wednesday at 28,340.42 points. The small- and mid-cap EGX70 EWI increased by 1.51% to 6,426.78 points. The EGX100 EWI rose by 1.64% to 9,270.23 points and …
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16 July 04:39 PM Egyptian Exchange’s indices see varied performance on Tuesday
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) declined by 0.44%, closing Tuesday at 27,828.92 points. On the other hand, the small- and mid-cap EGX70 EWI rose by 0.84% to 6,331.29 points. The EGX100 EWI increased by 0.67% …
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15 July 04:30 PM EGX’s indices end Monday mixed
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) shrank by 0.32%, ending Monday at 27,952.04 points. On the other hand, the small- and mid-cap EGX70 EWI grew by 0.43% to 6,278.67 points. The EGX100 EWI rose by 0.16% to …
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14 July 05:48 PM EGX’s indices plunge on Sunday
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) edged down 0.87% to close Sunday at 28,042.06 points. The small- and mid-cap EGX70 EWI also retreated by 0.43% to 6,251.50 points. Likewise, the EGX100 EWI declined by 0.55% to …
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10 July 05:43 PM EGX’s indices see negative performance on Wednesday
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session lower, with the EGX30 main index down 0.63% to 28,287.98 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session lower by 0.57% to …
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9 July 04:29 PM GCC’s project awards drop 20% YoY in Q2-24 – Report
Mubasher: The GCC saw a notable decline in project awards during the second quarter (Q2) of 2024, with total awards dropping by 19.70% year-on-year (YoY) to $51.70 billion from $64.30 billion in the same period last year. This downturn was …
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9 July 04:03 PM EGX closes Tuesday in green zone
Cairo – Mubasher: The Egyptian Exchange (EGX) ended Tuesday’s trading session higher, with the EGX30 main index up 0.19% to 28,466.24 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session lower by 0.25% to …
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8 July 04:04 PM EGX’s indices end Monday with varied performance
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed with a mixed performance on Monday. The benchmark index, EGX30, declined by 0.67% to close at 28,411.87 points. EGX100 EWI also decreased by 0.14%, closing at 9,127.76 points. On the …
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8 July 11:46 AM Saudi Arabia ranks 3rd in EMEA 5G download speeds – Opensignal
Riyadh – Mubasher: Saudi Arabia held the third position in 5G Download Speed among key markets in the EMEA region, according to a report released by Opensignal. The report highlighted that the Kingdom witnessed a significant improvement in 5G …
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7 July 04:04 PM Egyptian Exchange closes Sunday in green
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices ended with positive performance on Sunday. The benchmark index, EGX30, increased by 0.84% to close at 28,602.14 points. The EGX70 EWI index rose by 1.13% to settle at 6,293.21 points. EGX100 …
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7 July 12:03 PM EGX to halt operations on 11 July
Cairo – Mubasher: The Egyptian Exchange (EGX) announced Thursday, 11 July 2024 as an official holiday in celebration of the Islamic New Year. The EGX will resume work on Sunday, 14 July.
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4 July 04:14 PM EGX’s indices close Thursday mixed
Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Thursday with varied performance, and the EGX30 main index increased by 0.72% to 28,364.79 points. On the other hand, the EGX70 EWI and EGX100 EWI indices closed the session lower …
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4 July 03:51 PM Egypt's construction industry to expand 8% annually until 2029 – JLL
Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …
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4 July 11:53 AM Egyptian non-oil sales climb in June after 34-month decline – S&P Global
Cairo – Mubasher: Sales volumes at Egyptian non-oil companies increased for the first time in nearly 34 months in June 2024, ending declines since August 2021. The uplift followed signs of stabilising economic conditions as policy supported easing …
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3 July 04:19 PM Egyptian Exchange ends Wedneday in green
Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) closed Wednesday with collective gains, and the EGX30 main index rose by 0.63% to 28,161.17 points. The EGX70 EWI and EGX100 EWI indices closed the session higher by 0.18% to 6.235.31 …
Hany Hamdy, Managing Director at MubasherTrade Egypt
3 July 02:27 PM Act Financial IPO highlights Egyptian market’s attraction – MubasherTrade’s Hamdy
By: Hady El-Essawy Cairo – Mubasher: Floating the shares of Act Financial on the Egyptian Exchange (EGX) confirms the market’s ability to attract more companies, Hany Hamdy, Managing Director at MubasherTrade Egypt, told Mubasher news portal. …
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3 July 02:07 PM Act Financial eyes EGP 1bn investment in 3 listed companies – Zilla Capital’s El-Shenety
By: Hady El-Essawy Cairo – Mubasher: The offering of Act Financial has registered a great demand from investors, said Mustafa El-Shenety, Head of the Investment Banking Sector at Zilla Capital, the manager of the initial public offering (IPO). In …
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2 July 05:24 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 05:24 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 03:45 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 04:38 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 10:33 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 …