Israel has passed a law facilitating the process of cancelling citizenship, in a move condemned as a threat to the Arab minority in Israel. This amendment is the so-called "Law of Nationality", the latest move in a list of recent parliamentary (...)
Egypt's benchmark EGX30 fell sharply today after demonstrations swept across several cities yesterday demanding economic and political reforms. This turmoil spread jitters among investors.
The benchmark EGX30 index fell 6.14 per cent, to 6.310 (...)
The EGX 30, the main index of the Egyptian stock exchange, edged up 0.4 per centto 6.723points, gaining strong momentum from national buying.
Investment bank CI Capital issued a report stating its confidence in the potential of the Egyptian stock (...)
The main Egyptian index, the EGX30,ended a four-session losing streak with a slight advance after massive losses.
More than 74million shares were exchanged through35,000transactions, at a total value of LE739million.
“Stability will return (...)
Egypt's benchmark index EGX 30 lost 0.7 per cent to stand at 6,645 points, following two days of even bigger losses. Retailers continued their selling rush on Wednesday, in what was a rather active day with total turnover of LE1.3 billion.
The (...)
Egypt's main index, the EGX 30, posted its biggest decline since 25 May, 2010, driven down by foreign investors' concerns about the possibility of political chaos spreading from Tunisia to other Arab countries, traders said.
The index dipped 3 (...)
A selling spree hit the Egyptian stock market after an Egyptian set himself on fire in Downtown Cairo driven by economic woes. The incident weighed on Egypt's benchmark EGX30 index, which fell 2.4 per cent toits lowest level since December 22, (...)
The EGX30 dipped one per cent to reach 7082 points. Total turnover was LE800 million. Foreign investors' lack of appetite was taken to explain the poor performance.
The Egyptian Global Depositary Receipt (GDR) fell significantly in the London (...)
Egypt's benchmark index EGX 30 ended Tuesday's session in the minus column, shedding 0.7 per cent , at 7154.
"Selling the leading stocks was the driving force behind the downtrend in the index for today," says Kamal Mahgoub, managing director of (...)
“The index reversed its trend after the early gains of today's session, due to the buying spree of Arabs, “says Mohamed Elsebaie, senior broker of HSBC capital.
“They made good profits, their presence were intensified this week, normally (...)
Egypt's benchmark index EGX 30 ended today's session in the plus column, inching up 1.8 per cent, to close at 7200 points, hitting an 8-month high.
At the beginning of a new year, investors have a healthy appetite to buy Egyptian stocks, also due (...)
EGX 30 ended its mid-week session in the plus column, advancing 0.85 percentto close at 7027 points. The Institutions buying trend continued for the second day, dominating half of today's trading.
“Big caps succeeded to push the Egyptian Stock (...)
EGX 30 ended the day in the plus column, advancing 0.6 per cent to close at 6968 points.
“Blue chip stocks led the market to rise, as well as some positive corporate results", says Kamal Mahgoub, Managing Director of the Economic Community of (...)
No news is bad news for Egypt's stock exchange. The benchmark index, EGX30, ended Wednesday's session in the minus column, shedding 0.5 per cent, to 6908 points.
Memphis Pharmaceuticals issued a statement denying that the stock's current rise has (...)
The EGX30, Egypt's main stock market index, ended the mid-week session with a slight rise, up 0.5 per cent, at 6,945 points on news that VimpelCom will go ahead and purchase Orascom Telecom (OT).
The deal will not change in value or (...)
The EGX30, Egypt's main stock market index, closed today with a slight advance, up 0.36 per cent, at 6,912 points.
Many companies announced theirpositive results, with Memphis Pharmaceuticalsachieving the greatest volume of trading since May (...)
EGX30, Egypt's main stock market index, dropped 0.55 per cent to 6,905 points. The total turnover was LE 979 million at the last day of the trading week.
“The effect of the failure of a deal to buy the equities of Omar Effendi in mid-trading led (...)
The EGX30, Egypt's main stock market index, dropped 0.76 per cent to 6,943 points, breaking a run of five consecutive rises.
Djeezy, Orascom Telecom's unit in Algeria and one of its main revenue earners, was put under scrutiny today as it (...)
EGX30, Egypt's main stock market index, rose by 0.82 per cent to 6,996 points, led by the largest listed lender, which exceeded expectations. The total turnover in the mid-week session was LE1.336 billion
EGX30, the main stock market index, rose by (...)
EGX30, the main stock market index, barely skipped a bend over, rising 0.32 per cent to 6,938 points. The total turnover was LE486 million, with 112 shares declining and 59 rising.
“The investors rushed to sell today, to reap the profits from the (...)
The EGX30 ended today's session in the red, advancing 1.47 per cent, or 99.6 points, to close at 6873 points.Yaser Al-Kamouni, financial analyst at Namaa Securities Brokerage, said the advance was largely led by theCommercial International Bank (...)
EGX30, the main index of the Egyptian stock market, closed out today on an advance of 0.56%, to end the day at 6773.7 points.
"The institutions drove the market to rise on Wednesday, with a large volume of transactions," said HSBC Capital senior (...)
Egypt's main stock market index, the EGX 30, unexpectedly dropped 0.4%, closing at 6735 and loosing its early morning gains.
"The market followed weak European markets overnight," said Omar Darwish, a financial analyst with CICapital.
This (...)
Egypt's main index, EGX 30, closed the day up 1.09% at 6.762.44 points.
“The big volume of transactions implemented by institutions today was one of the main reasons which led to the rise," said Mohamed Sebaie, a senior broker at HSBC Capital. (...)
Egypt's main stock market index, EGX 30, followed the trend of a downward turn across global markets, ending the day down 1.64% to close at 6704.83 points.
Despite a total turnover of more than LE1 billion, Orascom Telecom came at the top of (...)