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02 August 02:14 AM

News Analysis

The signing ceremony
1 August 05:20 PM DirectFN signs contract for African Exchanges Linkage Project
Mubasher: The African Securities Exchanges Association (ASEA) has signed a contract with DirectFN to procure an order-routing system, in support of cross-border trading between African markets. Seven of Africa’s leading securities exchanges are …
Global Economy
The market cap value grew by EGP 5.53 billion
1 August 05:16 PM EGX30 rises above 10,800 pts at Sunday's close
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Sunday's trading session on a positive note on the back of Arab purchases.  The main EGX30 index rose by 0.63% to end August's first session at 10,810 points, while the small- and mid-cap EGX70 …
Trading Activities
The amendments are expected to improve the accuracy of closing prices
1 August 01:40 PM EGX introduces new methodology for calculating closing prices of shares
Cairo - Mubasher: The Egyptian Exchange's (EGX) board of directors approved a new methodology for calculating the closing prices of shares, which will be effective as of 1 September.  The new methodology uses a 30-minute moving-volume weighted …
Markets Regulations
Mubasher landed the sixth position among top brokerage firms
1 August 11:32 AM Mubasher acquires EGP 2.45bn of total turnover on EGX in July
Cairo - Mubasher: Mubasher International Trade for Securities (MubasherTrade) came among the top 10 brokerage firms in terms of the trading value on the Egyptian Exchange (EGX) during July. Mubasher landed the sixth position, acquiring 3.3% or EGP …
Trading Activities
The EGX30 index witnessed the exclusion of seven companies
28 July 01:42 PM Mopco, CIRA, Raya among companies joining EGX30 index as of 1 August
Cairo - Mubasher: The Egyptian Exchange (EGX) has completed the semi-annual periodic review of its indices, according to a statement on Wednesday. The review, effective as of the beginning of August, applies the new EGX30 index methodology which …
Markets Regulations
The market cap value declined by EGP 1.4 billion
26 July 05:26 PM EGX ends Monday mixed
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Monday's trading session on a varied note amid Arab purchases and local and foreign selloffs.  The main EGX30 index retreated by 0.45% to close at 10,697 points, while the small- and mid-cap …
Trading Activities
Spain has topped the countries importing pig iron and steel from Egypt
26 July 03:42 PM Egypt’s iron, steel exports leap 179% in five months
Cairo – Mubasher: Egypt’s exports of crude iron and steel surged by 179% to $584 million during the first five months of 2021 from $209 million in the same period last year. The Arab republic has exported iron and steel to about 70 countries …
Sector Reports
The market's turnover reached EGP 1.5 billion
25 July 05:17 PM EGX ends Sunday in green; market cap up EGP 8.7bn
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Sunday's trading session on a positive note on the back of local purchases.  The main EGX30 index rose by 0.93% to end at 10,745 points, while the small- and mid-cap EGX70 EWI climbed by 2.56% …
Trading Activities
The market's turnover stood at EGP 1.48 billion
18 July 05:49 PM EGX ends Sunday in green; market cap grows EGP 5.7bn
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Sunday's trading session on a positive note on the back of local purchases ahead of the Eid El-Adha holiday which will extend from Monday to Thursday.  The main EGX30 index advanced by 0.81% to …
Trading Activities
The market cap value grew by EGP 1.65 billion
15 July 05:09 PM EGX30 falls below 10,600 pts amid local selloffs
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Thursday's trading session on a varied note amid local selloffs and Arab and foreign purchases.  The main EGX30 index fell by 0.39% to 10,561 points, while the small- and mid-cap EGX70 EWI …
Trading Activities
Trading will be resumed on Sunday, 25 July
15 July 01:47 PM EGX announces Eid El-Adha holiday
Cairo - Mubasher: The Egyptian Exchange (EGX) announced that trading will be suspended from Monday, 19 July, until Saturday, 24 July, on the occasion of Eid El-Adha holiday and the anniversary of the 23 July Revolution.  Trading will be resumed on …
Trading Activities
The market's turnover recorded EGP 1.89 billion
14 July 05:48 PM EGX30 ends Wednesday above 10,600 pts; market cap up EGP 9.2bn
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Wednesday's trading session on a positive note on the back of foreign purchases.  The main EGX30 index rose by 1.63% to end at 10,602 points, while the small- and mid-cap EGX70 EWI climbed …
Trading Activities
The market's turnover recorded EGP 1.35 billion
13 July 04:55 PM EGX gains EGP 9.4bn in market cap at Tuesday's close
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Tuesday's trading session in the green territory on the back of Arab and foreign purchases.  The benchmark EGX30 index advanced by 1.94% to end the mid-week session at 10,431 points, while the …
Trading Activities
The Hajj season this year will witness a digitised journey from start to finish
13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj
By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …
Macroeconomics
The market cap value grew by EGP 4.09 billion
12 July 04:52 PM EGX30 rises above 10,230 pts at Monday's close
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Monday's trading session on a positive note on the back of Arab purchases.  The main EGX30 index advanced by 0.79% to end at 10,233 points, while the small- and mid-cap EGX70 EWI climbed …
Trading Activities
SMEs have contributed about 80% to the country's GDP
12 July 01:02 PM Egypt's FRA grants first SME funding licence in NBFC sector
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) has licensed a micro-funding company to provide funding to small- and medium-sized enterprises (SMEs), the first licence given to a non-banking financial company (NBFC), according …
Macroeconomics
The market's turnover reached EGP 820.57 million
11 July 05:44 PM EGX ends Sunday in red; market cap loses EGP 2.5bn
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Sunday's trading session on a negative note, pressured by foreign and local selloffs.  The main EGX30 index slid by 0.31% to 10,153 points, while the small- and mid-cap EGX70 EWI fell by 1.01% …
Trading Activities
Central Bank of Egypt
7 July 03:26 PM Egypt's banks allowed to provide commercial registration, documentation services
Cairo - Mubasher: The Central Bank of Egypt (CBE) approved the general framework for the provision of commercial registration and documentation services through banks.  Local banks will be allowed to offer documentation services for their …
Markets Regulations
The value of consumer funding reached EGP 5.5 billion in five months
7 July 01:05 PM Egypt exempts consumer financing services from VAT
Cairo - Mubasher: The Egyptian Tax Authority has exempted consumer financing companies and service providers from the value-added tax (VAT), the Deputy Chairman of the Financial Regulatory Authority (FRA), Islam Azzam, revealed.  The FRA has been …
Taxes
The market's turnover recorded EGP 1.11 billion
6 July 04:53 PM EGX loses EGP 13.17bn 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 and foreign selloffs.  The main EGX30 index retreated by 1.87% to end the mid-week session at 10,154 points, while the small- and …
Trading Activities
Saudi Arabia’s NCB Capital topped the list with $50.4 billion in AUM
6 July 03:43 PM Saudi Arabia dominates Forbes Middle East’s 2021 asset managers list
Mubasher: A total of 16 Saudi Arabia companies have been included in Forbes Middle East’s 30 Biggest Asset Managers 2021 list, representing more than 50% of the list. The 30 asset managers in the region posted a cumulative $258.2 billion in assets …
Companies Investments
Egypt's PMI increased to 49.9 in June
6 July 12:25 PM Egypt's non-oil private sector activity nears expansion - PMI
Cairo - Mubasher: Egypt's non-oil private sector activity edged up to growth at the end of the first half (H1) of 2021 thanks to an increase in activity, export volumes, and tourist numbers, a survey showed on Tuesday.  The seasonally adjusted IHS …
Macroeconomics
MENA’s ESG market currently represents 1.3% of 2021's global issuance
4 July 02:35 PM Green finance in MENA reaches $6.4bn in H1, exceeds global growth rate
Mubasher: Green and sustainability-linked debt issuances in the MENA region amounted to $6.4 billion in value during the first half (H1) of 2021, exceeding the global growth rate, according to a report by Bloomberg on Sunday. The region’s green …
Banking and Finance
The market's turnover stood at EGP 1.31 billion
30 June 05:01 PM EGX gains EGP 6.6bn in market cap at Wednesday's close
Cairo - Mubasher: The Egyptian Exchange (EGX) closed Wednesday's trading session on a positive note on the back of Arab purchases.  The main EGX30 index rose by 1.32% to end at 10,256 points, while the small- and mid-cap EGX70 EWI levelled up …
Trading Activities
Trading will be resumed on 4 July
30 June 11:51 AM EGX announces 30 June Revolution holiday
Cairo - Mubasher: The Egyptian Exchange (EGX) announced that next Thursday, 1 July, will be an official holiday in commemoration of the 30 June Revolution.  Trading will be resumed on Sunday, 4 July, the EGX said in a statement on Wednesday. …
Trading Activities