News Analysis

The Egyptian Exchange

20 October 05:19 PM EGX announces new rules for temporary trading suspension limit

Cairo – Mubasher: The Egyptian Exchange (EGX) announced new rules under which trading will be temporarily halted when the EGX100 EWI moves up or down by 10% within the day’s trading session, compared to a previous limit of 5%. The trading will be …

Markets Regulations

The market cap value increased by EGP 8.5 billion

20 October 05:02 PM EGX ends Wednesday in red

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday's trading session in the red territory, pressured by Arab and foreign selloffs. The main EGX30 index declined by 0.56% to end at 11,132 points, while the small- and mid-cap EGX70 EWI …

Trading Activities

e-finance's stock jumped by 43.06% to EGP 20

20 October 11:25 AM e-finance soars 43% in first minutes of trading debut

By: Heba El-Kordy Cairo – Mubasher: The stock of e-finance For Digital and Financial Investments jumped during the first few minutes of its trading debut on the Egyptian Exchange (EGX). By 10:07 a.m. Cairo time, e-finance jumped by 43.06% to EGP …

Trading Activities

The market cap value increased by EGP 9.99 billion

19 October 05:53 PM EGX ends Tuesday in red

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday's trading session on a negative note. The main EGX30 index fell by 0.72% to end at 11,195 points, while the small- and mid-cap EGX70 EWI plunged by 6.7% to 2,481 points. Meanwhile, the …

Trading Activities

The market cap value increased by EGP 6.14 billion

18 October 05:42 PM EGX ends Monday in green as Emerald makes trading debut

By: Heba El-Kordy Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday's trading session on a positive note as Emerald Development & Projects Management's stock made its trading debut and the public and private offerings of e-finance were …

Trading Activities

Trading will be resumed on Sunday, 24 October.

17 October 04:26 PM EGX announces Prophet Muhammad’s Birthday holiday

Cairo – Mubasher: The Egyptian Exchange (EGX) announced that next Thursday, 21 October, will be an official holiday in observance of the Prophet Muhammad’s Birthday. Trading will be resumed on Sunday, 24 October, the EGX said in a statement on …

Trading Activities

The market cap value grew by EGP 3.19 billion

14 October 05:32 PM EGX30 ends Thursday near 11,000 pts

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday's trading session on a mixed note with the main EGX30 index advancing by 1.05% to end at 10,995 points. The small- and mid-cap EGX70 EWI fell by 0.41% to 2,636 points, while the EGX100 …

Trading Activities

The market cap value grew by EGP 1.2 billion

13 October 05:27 PM EGX30 rises near 10,900 pts at Wednesday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday's trading session on a varied note with the main EGX30 index rising alone by 0.9% to end at 10,881 points. The small- and mid-cap EGX70 EWI slid by 1.21% to 2,647 points, while the …

Trading Activities

The shareholder purchased 2 million shares

13 October 05:13 PM Deputy Chairman ups stake in Obour Land for EGP 10m

Cairo – Mubasher: Ashraf Mohamed Hamed Sherif, a shareholder and Deputy Chairman of Obour Land for Food Industries, has raised his stake in the company to 15.49% from 14.99%. The shareholder purchased 2 million shares for EGP 10.2 million, …

Trading Activities

The company purchased 6.77 million shares

13 October 12:24 PM Target raises stake in Mansoura Poultry for EGP 12.6m

Cairo – Mubasher: Target For Real Estate Investment, Development, Agricultural Reclamation and Tourism Development has increased its stake in Mansoura Poultry to 6.64% from 4.97%. The company purchased 6.77 million shares for EGP 12.62 million, …

Trading Activities

The market's turnover reached EGP 811.03 million

12 October 05:57 PM EGX gains EGP 2.7bn in market cap at Tuesday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday's trading session on a varied note amid local and foreign selloffs and Arab purchases. The main EGX30 index rose by 0.65% to end at 10,783 points, while the small- and mid-cap EGX70 EWI …

Trading Activities

Hermes Real Estate and Development Limited raised its stake for EGP 533.09 million

12 October 01:43 PM Four shareholders exit Nile City Investments

Cairo – Mubasher: Four shareholders have exited Nile City Investments in separate transactions on the Egyptian Exchange (EGX) on Tuesday, according to separate bourse disclosures. Amusement Touristic and Real Estate Investment exited its 28.16% …

Trading Activities

The deal included the 256.068 million shares

12 October 11:55 AM Cairo Poultry sees EGP 871m block-trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading transaction worth EGP 870.634 million on the shares of Cairo Poultry, a statement showed on Tuesday. The deal included the trading of 256.068 million shares for EGP 3.4 …

Trading Activities

The market's turnover amounted to EGP 950.83 million

10 October 05:06 PM EGX ends Sunday positive; market cap grows EGP 2.8bn

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 climbed by 1.2% to end at 10,662 points, while the small- and mid-cap EGX70 EWI edged …

Trading Activities

The transaction included the trading of 664,488 shares

10 October 11:35 AM ADIB Egypt sees EGP 11.6m block-trading deal

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) witnessed a block-trading deal worth EGP 11.66 million. The transaction included the trading of 664,488 shares, the Egyptian Exchange (EGX) said in a statement on Sunday. In the first …

Trading Activities

The market's turnover stood at EGP 1.13 billion

6 October 05:55 PM EGX gains EGP 1.63bn in market cap at Wednesday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday's trading session on a mostly positive note on the back of local and Arab purchases. The main EGX30 index rose by 0.99% to end at 10,539 points and the small- and mid-cap EGX70 EWI …

Trading Activities

The market cap value grew by EGP 70.36 million

5 October 05:13 PM EGX ends Tuesday mixed

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday's trading session on a varied note with the main EGX30 index rising solely by 0.05% to end at 10,432 points. The small- and mid-cap EGX70 EWI declined by 0.58% to close at 2,658 points, …

Trading Activities

Trading will be resumed on Sunday, 10 October.

5 October 04:04 PM EGX announces Armed Forces holiday

Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Thursday, 7 October, will be an official holiday in observance of Armed Forces Day and the anniversary of the October War victory. Trading will be resumed on Sunday, 10 October, the EGX …

Trading Activities

Egypt's PMI declined to a four-month low of 48.9 in September

5 October 10:57 AM Egypt's PMI drops amid lower output, new orders

Cairo – Mubasher: Egypt's non-oil private sector activity contracted for the 10th consecutive month in September, although confidence towards future business activity over the next 12 months hit a record high level, according to a survey. …

The market's turnover amounted to EGP 906.6 million

30 September 05:29 PM EGX30 ends Thursday above 10,500 pts; market cap up EGP 6.9bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday's trading session in the green territory amid Arab and foreign purchases. The main EGX30 index climbed by 1.21% to end at 10,517.03 points, while the small- and mid-cap EGX70 EWI rose …

Trading Activities

The market cap lost EGP 1.85 billion

29 September 05:44 PM EGX30 ends Wednesday below 10,400 pts

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday's trading session on a negative note amid foreign selloffs. The main EGX30 index decreased by 0.53% to end at 10,391 points, while the small- and mid-cap EGX70 EWI fell by 0.35% to …

Trading Activities

The market's turnover reached EGP 1.23 billion

28 September 05:50 PM EGX ends Tuesday in red; market cap loses EGP 2.8bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday's trading session in the red territory amid local selloffs. The main EGX30 index fell by 0.47% to end at 10,446 points, while the small- and mid-cap EGX70 EWI dropped by 0.52% to …

Trading Activities

The company will be renamed Aspire Capital Holding for Financial Investments.

28 September 01:23 PM Pioneers Holding requests trading suspension until listing spin-off firms

Cairo – Mubasher: Pioneers Holding Company for Financial Investment has submitted a request to the Egyptian Exchange (EGX) to halt trading on the company’s shares as of 5 October to allow the company to list its spin-off firms, according to a …

Trading Activities

The market cap value decreased by EGP 10.96 billion

27 September 05:15 PM EGX30 falls below 10,500 pts at Monday's close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday's trading session on a negative note, pressured by local and foreign selloffs. The main EGX30 index retreated by 1.44% to end at 10,496 points, while the small- and mid-cap EGX70 EWI …

Trading Activities

The market cap value grew by EGP 3.04 billion

26 September 04:55 PM EGX ends Sunday in green on local, Arab purchases

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 edged up by 0.07% to end at 10,649 points, while the small- and mid-cap EGX70 EWI …

Trading Activities