Recommendations

Americana Group aims to acquire 100% of Americana Egypt

7 July 06:02 PM Financial advisor sets Americana Egypt's FV at EGP 5/shr

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) is currently reviewing the fair value (FV) study conducted by an independent financial advisor for the Egyptian Company for International Touristic Projects (Americana Egypt). …

Corporate Actions

The FV of Midor’s stock has been set at $47.73

14 May 01:58 PM Suez Canal Bank approves Midor’s FV assessment ahead of exit

Cairo – Mubasher: The board of directors of Suez Canal Bank approved a fair value (FV) assessment of the Middle East Oil Refinery Co’s (Midor) stock ahead of its exit from the company. The FV of Midor’s stock has been set at $47.73, according to a …

Stock Evaluations

The changes will take place as of the close of 29 May

13 May 01:34 PM MSCI Egypt Index deletes 2 stocks, adds 2 others

By: Heba El-Kordy Cairo – Mubasher: The leading provider of research-based indexes and analytics MSCI Inc. announced the deletion of two Egyptian stocks and the addition of two other to the MSCI ACWI Small Cap Index. Ezz Steel and Pioneers Holding …

Stock Evaluations

QNB Al Ahli’s net interest income grew to EGP 3.848 billion

14 April 02:20 PM Beltone sets FV of QNB Al Ahli at EGP 55.05/shr

Cairo – Mubasher: Beltone Research has set the fair value (FV) of Qatar National Bank Al Ahli (QNB Al Ali) at EGP 55.05 per share, compared to a current price of EGP 40.5 per share, with a ‘buy’ recommendation. Higher net interest income has …

Stock Evaluations

EFG Hermes reported net profits of EGP 1.4 billion in 2019

19 March 10:52 AM Research firm sets EFG Hermes' FV at EGP 23.4/shr

Cairo – Mubasher: The research unit of Pharos Holding has set the fair value of the Egyptian Financial Group Hermes Holding (EFG Hermes) at EGP 23.4 per share, placing a ‘buy’ recommendation on the stock. The evaluation is backed by the …

Stock Evaluations

The bank’s capital stands at EGP 1.474 billion

2 March 11:23 AM Prime Capital sets FV of UNB Egypt at EGP 9.92/shr

Cairo – Mubasher: Prime Capital has set the fair value (FV) of Union National Bank – Egypt (UNB Egypt) at EGP 9.92 per share as the bank is heading for a delisting from the Egyptian Exchange (EGX), according to a bourse statement on Sunday. The …

Stock Evaluations

The EGX100 index fell 1.4%

21 February 09:13 PM EGX’s indices shrink in week; Market cap loses EGP 5.1bn

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices went down in a week, with market capitalisation lost EGP 5.1 billion. The benchmark index, EGX30, declined by 1% to 13,720 points, while the EGX70 index shed 0.83% to 1,256 points. The EGX100 …

Stock Evaluations

The EGX100 index rose by 0.44%

20 February 05:11 PM EGX’s indices end in green Thursday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices rose at the end of Thursday, with market capitalisation gained EGP 1.7 billion. The benchmark index, EGX30, increased by 0.19% to 13,720 points, while the EGX70 index added 1.21% to reach …

Stock Evaluations

EGX50 grew by 0.41%

19 February 05:35 PM EGX30 adds 0.43% at Wednesday’s close; EGX100 stabilises

Cairo – Mubasher: Most of the Egyptian Exchange’s (EGX) general indices closed higher on Wednesday, with market capitalisation gained EGP 1.5 billion. The benchmark index, EGX30, went up by 0.43% to reach 13,694 points, while the EGX70 index added …

Trading Activities

The EGX100 index shrank 1.15%

18 February 05:45 PM EGX’s indices level down at Tuesday’s close

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices declined at the end of Tuesday’s session, with market capitalisation lost EGP 6.62 billion. The benchmark index, EGX30, went down by 1.18% to close at 13,636 points, while the EGX70 index …

Trading Activities

The stock was given an ‘Overweight’ recommendation

14 February 03:04 PM Pharos Research sets FV of CI Capital Holding at EGP 7.59/share

Cairo – Mubasher: Pharos Research has set the fair value (FV) of CI Capital Holding For Financial Investments at EGP 7.59 per share. The research company gave the stock an ‘Overweight’ recommendation, according to a statement. It is worth noting …

Stock Evaluations

The EGX100 index shed 0.79%

12 February 05:28 PM EGX’s indices settle lower Wednesday; Market cap loses EGP 6.2bn

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices declined at the end of Wednesday’s session, with market capitalisation shrank by EGP 6.19 billion to stand at EGP 700.18 billion. The benchmark index, EGX30, went down by 1.17% to 13,845 …

Trading Activities

Authorised capital increased to EGP 1.5 billion

12 February 04:27 PM EGX to list Heliopolis Housing’s capital-hike shares late February

Cairo – Mubasher: The Egyptian Exchange (EGX) has approved the listing of the capital-increase shares of Heliopolis Company for Housing and Development. The EGX also approved an EGP 222.51 million increase in the company’s capital through the …

Stock Evaluations

The EGX100 index went down by 0.17%

11 February 05:08 PM EGX’s indices show mixed performance on Tuesday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices ended Tuesday in a mixed note, with market capitalisation lost EGP 128 million. The benchmark index, EGX30, grew by 0.21% to 14,000 points, while the EGX70 index rose by 0.1% to 1,269 points. …

Stock Evaluations

The EGX100 index increased by 0.8%

5 February 05:33 PM EGX’s indices settle higher on Wednesday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices grew at the end of Wednesday’s session, with market capitalisation gained EGP 5.6 billion to reach EGP 707.32 billion. The benchmark index, EGX30, went up by 0.52% to stand at 13,987 points, …

Trading Activities

Telecom Egypt’s FV is still under consideration

1 February 05:35 PM Vodafone deal may have no impact on Telecom Egypt’s operations

Cairo – Mubasher: Telecom Egypt’s (TE) operations will not be affected by the acquisition of Vodafone Egypt by the Saudi Telecom Company (STC), provided that TE decided to keep its stake in Vodafone, analyst at Beltone Financial Ahmed Abdul Majid …

Stock Evaluations

The EGX100 index went down by 0.21%

31 January 09:21 PM EGX indices' performance mixed in January 2020

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices witnessed varied performance during the first month of 2020. The benchmark index, EGX30, fell 0.31% to 13,918 points, while the EGX70 index grew by 0.67% to 538.04 points. The EGX100 index …

Trading Activities

The EGX100 index rose by 0.87%

31 January 06:49 PM EGX’s indices rise in week; Market cap gains EGP 10.8bn

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices grew in the week ended 30 January 2020, with market capitalisation gained EGP 10.8 billion. The benchmark index, EGX30, went up by 1.39% to 13,918 points, while the EGX70 index added 0.75% to …

Stock Evaluations

The EGX100 index added 0.76%

30 January 04:29 PM EGX’s indices end higher Thursday; Turnover hits EGP 2.12bn

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices went up at the end of Thursday’s session, with market capitalisation gained EGP 8.25 billion. The benchmark index, EGX30, rose by 1.13% to hit 13,918 points, while the EGX70 index grew by …

Trading Activities

The EGX70 index grew by 1.38%

29 January 05:06 PM EGX’s indices close higher on Wednesday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices settled higher on Wednesday, with the market capitalisation gained EGP 8.35 billion. The benchmark index, EGX30, went up by 1.04% to reach 13,762 points, while the EGX70 index grew by 1.38% …

Trading Activities

The EGX100 index shed 0.56%

24 January 07:09 PM EGX’s indices fall in week; Turnover records EGP 10.4bn

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices declined during the week ended 23 January 2020, with market capitalisation lost EGP 4.4 billion. The benchmark index, EGX30, went down by 0.69% to 13,728 points, while the EGX70 index …

Trading Activities

EGX100 increased by 0.82%

22 January 04:58 PM EGX’s indices settle higher on Wednesday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices grew at the end of Wednesday’s session, with market capitalisation gained EGP 3.7 billion to reach EGP 695.7 billion. The benchmark index, EGX30, rose by 0.82% to 13,752 points, while the …

Stock Evaluations

Market capitalisation gained EGP 1.7 billion

16 January 05:12 PM EGX’s indices end higher Thursday as investors await CBE take on interest

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices rose at the end of Thursday’s session, as investors anticipating the Central Bank of Egypt’s (CBE) decision on interest rates. The benchmark index, EGX30, grew by 0.4% to 13,824 points, while …

Stock Evaluations

The EGX70 index added 0.6%

15 January 04:54 PM EGX’s indices settle higher on Wednesday

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices ended higher on Wednesday, with the benchmark EGX30 index inched up 0.09% to 13,769 points. The EGX70 index added 0.6% to reach 533.23 points, while the EGX100 rose by 0.4% to stand at 1,383 …

Stock Evaluations

The EGX100 index rose by 0.61%

14 January 05:12 PM EGX gains EGP 2.4bn at Tuesday’s close

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices grew at the end of Tuesday’s session, with market capitalisation increased by EGP 2.4 billion to reach EGP 698.5 billion. The benchmark EGX30 index went up by 0.42% to 13,756 points, while …

Trading Activities