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The market’s turnover reached EGP 995.9 million
13 April 03:23 PM EGX loses EGP 8.7bn in market cap at Tuesday's close
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a negative note, pressured by local selloffs. The main EGX30 index fell by 1.38% to end the first session in Ramadan at 10,305 points as the heavyweight Commercial …
Online shopping has become more of a long-term behavior change
13 April 03:18 PM Online shopping in KSA, UAE likely to grow during Ramadan – Report
Riyadh – Mubasher: A greater surge in online shopping is expected to be witnessed during the month of Ramadan, which has just started today on 13 April, a recent survey Checkout.com unveiled. Online spending by consumers in the UAE and Saudi …
About 752,400 shares were exchanged at a turnover EGP 40.13 million
13 April 12:39 PM CIB's stock hits lowest level in 28 months early Tuesday
By: Heba El-Kordy Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) saw its stock plunge sharply to its lowest level in 28 months. By 11:00 a.m., the heavyweight stock declined by 2.1% to EGP 54.06, its lowest level since December …
The market’s turnover amounted to EGP 1.23 billion
12 April 05:15 PM EGX gains EGP 4.6bn in market cap at Monday's close
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a positive note on the back of local purchases. The main EGX30 index edged by 0.55% to close at 10,450 points, while the EGX70 EWI climbed by 1.7% to 1,969 points. …
The market’s turnover registered EGP 749.06 million
11 April 05:54 PM EGX ends Sunday in green; market cap grows EGP 6.2bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a positive note on the back of local and Arab purchases. The main EGX30 index advanced by 0.87% to end at 10,393 points, while the small- and mid-cap EGX70 EWI …
Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
Trading on the main market will be from 10 a.m. to 1:30 p.m
11 April 11:42 AM EGX announces trading hours during Ramadan
Cairo – Mubasher: The Egyptian Exchange (EGX) announced the trading hours during the holy month of Ramadan. The trading sessions of the main market and the small- and medium-enterprise (SME) market (NILEX) will be from 10 a.m. to 1:30 p.m., the …
The market’s turnover reached EGP 691.7 million
8 April 04:27 PM EGX gains EGP 5.8bn in market cap at Thursday's close
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a positive note on the back of Arab and local purchases. The main EGX30 index rose by 0.74% to end at 10,303 points, while the small- and mid-cap EGX70 EWI climbed …
Lafarge press conference
8 April 03:32 PM Lafarge Egypt introduces new line of EcoLabel green cement
Cairo – Mubasher: Lafarge Egypt announced on Wednesday that it has obtained the EcoLabel for a line of new products with lower CO2 emissions and increased use of recycled materials. Introducing its Hydrocem and Hydrocem Plus products, a new range …
The market cap value retreated by EGP 1.3 billion
7 April 05:20 PM EGX ends Wednesday mixed; Taaleem surges 6.7% on first day of trading
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a varied note amid local selloffs and Arab and foreign purchases. The main EGX30 index fell by 0.35% to 10,227 points, while the small- and mid-cap EGX70 EWI rose …
The public offering was oversubscribed by 29.38 times
7 April 12:25 PM Taaleem debuts trading on EGX on Wednesday
Cairo – Mubasher: Taaleem Management Services has debuted its trading on the Egyptian Exchange (EGX) on Wednesday with a share price of EGP 5.75 at the opening. The higher education management company allocated 17.89 million shares or 5% of …
The market’s turnover amounted to EGP 888.07 million
6 April 05:41 PM EGX30 inches up at Tuesday's close; market cap rises EGP 2.4bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a varied note amid foreign and Arab selloffs and local purchases. The main EGX30 index edged up by 0.06% to end the mid-week session at 10,0263 points after it …
The Egyptian Exchange (EGX) - (Photo Archive)
5 April 06:12 PM EGX closes at lowest level in 10 months
Cairo – Mubasher: The Egyptian Exchange (EGX) maintained a strong downward trend on Monday, with selling pressures from foreign investors leading to more than EGP 10.5 billion in market cap losses. EGX paused today’s trading session earlier for …
Ora Developers does not rule out listing on EGX
5 April 04:22 PM EGX needs more liquidity - Naguib Sawiris
By: Abdalla Beder Cairo – Mubasher: The Egyptian Exchange (EGX) needs more listings to help with providing sufficient market liquidity, Naguib Sawiris said during Hapi Conference on Monday. Investors are afraid to enter the market as it is …
The market’s turnover amounted to EGP 789.24 million
4 April 05:20 PM EGX loses EGP 6.5bn in market cap at Sunday's close
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a negative note, pressured by foreign selloffs. The main EGX30 index fell by 1.4% to end the session at 10,417 points, while the small- and mid-cap EGX70 EWI declined …
CEO of Mubasher Media, Assem El-Bassal
4 April 04:49 PM Du aims to turn beginners into professional investors – Mubasher Media CEO
Cairo – Mubasher: The coronavirus (COVID-19) pandemic and its negative implications on the global economy have highlighted the urgent need for platforms that help investors protect their funds, take wise investment decisions, and pursue …
The market’s turnover reached EGP 1 billion
1 April 05:00 PM EGX ends Thursday mixed; market cap grows EGP 2.6bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a varied note as the main EGX30 index was the sole decliner by 0.03% to end at 10,564 points. The small- and mid-cap EGX70 EWI climbed by 2.28% to 2,013 points, …
Prime Minister Mostafa Madbouly
1 April 02:05 PM Egypt's pharmaceutical sector valued at EGP 125bn - Prime Minister
Cairo – Mubasher: Egyptian Prime Minister Mostafa Madbouly affirmed the importance of developing the pharmaceutical and medical equipment manufacturing sectors. On the sidelines of inaugurating the Medicine City in Khanka on Thursday, Madbouly …
The market cap value gained EGP 3 billion
30 March 04:50 PM EGX ends 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 edged up by 0.01% to end the mid-week session at 10,739 points, while the small- and mid-cap …
Assem El-Bassal, CEO of Mubasher Media - (Photo Archive)
29 March 05:49 PM Mubasher Media supports investors, plans expansion – CEO Assem El-Bassal
Riyadh – Mubasher: The CEO of Mubasher Media, Assem El-Bassal, said on Monday that the company is working on covering the main aspects across major sectors, led by the investors’ sector, by providing a perfect electronic environment for investors …
The market’s turnover registered EGP 1.09 billion
29 March 05:06 PM EGX ends Monday mixed; market cap grows EGP 2.8bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a varied note with the main EGX30 sliding alone by 1.19% to end at 10,738 points. The small- and mid-cap EGX70 EWI climbed by 2.39% to 1,952 points, while the EGX100 …
The Arab markets haven’t witnessed sharp fluctuations during the crisis
29 March 04:25 PM Arab markets successfully managed COVID-19 crisis thanks to central banks - Abul-Gheit
Riyadh – Mubasher: The leaderships of Arab stock markets have shown great resilience in dealing with the repercussions of the coronavirus (COVID-19) pandemic, Ahmed Abul-Gheit, Secretary-General of the Arab League, said on Monday. The Arab markets …
Mohammed Al Kuwaiz, Chairman, Capital Markets Authority of Saudi Arabia - (Photo Archive)
29 March 02:35 PM Tadawul saw 34% more IPOs despite pandemic: CMA Chairman
Riyadh – Mubasher: Financial markets have faced exceptional challenges in 2020 due to the coronavirus (COVID-19) pandemic and the consequent preventive measures, but managed to play a major role despite the economic hardships, Chairman of the …
Mohamed Farid, Chairman of the Egyptian Exchange - (Photo Archive)
29 March 02:15 PM Arab markets have 1,662 listed companies with $3.1trn in capital - EGX Chairman
Cairo – Mubasher: The Arab Federation of Exchanges (AFE) now has 21 members, representing 17 stock and commodity exchanges, four clearing companies, and several securities brokerage companies in the Arab region, the Chairman of the Egyptian …
Financial systems saw great changes during 2020 - (Photo Archive)
29 March 02:13 PM Arab markets lost $350bn at the pandemic's beginning - El-Dokany
Riyadh – Mubasher: Arab stock markets lost around $350 billion in market capitalisation in the first six weeks of the coronavirus (COVID-19) outbreak, according to the Secretary-General of the Arab Federation of Exchanges (AFE), Rami El-Dokany. …