Increasing purchases of Egyptian investors pushed indexes of Egypt's stock market to increase during the morning session on Tuesday December 13, while Arab and foreign investors tended to sell their shares.
Principal index of Egypt's stock market (...)
CAIRO: Egyptian economic expert Salah Haydar stressed the necessity for rationalizing expenditure to overcome the economic crisis, warning that increasing prices will surpass any potential wage increases.
Haydar said the country needs to increase (...)
CAIRO: Egypt's stock market decided to suspend transactions on the shares of three companies for 30 minutes as they transcended the allowed percentage of change.
Transactions on shares of SIMO were suspended as they rose over the allowed five (...)
Increasing sales by Arab investors pushed the Egyptian stock market into decline during morning trading Thursday, while purchases by foreign and Egyptian investors were not able to improve the market's performance.
The principal index of the (...)
CAIRO: Egypt's stock market lost 1.19 billion EGP on Thursday December 8 as its indexes strongly declined on the first day of newly appointed Prime Minister Kamal el-Ganzouri government. Arab and foreign investors held increasing sales, while (...)
Dealings of Egyptian investors recorded at 58.84 percent of transactions that Egypt's stock market witnessed throughout the past three sessions. Foreign investors seized 34.07 percent, while Arabs seized 7.09 percent.
Foreign investors held sales (...)
CAIRO: Egyptian stock indexes continued to rise in Wednesday's morning session. Arab investors engaged in heavy buying, spurring on gains despite sell-offs by Egyptian and foreign investors.
The principal EGX30 gained 0.59 percent, the EGX20 grew (...)
CAIRO: Egyptian stocks once again suffered losses in today's morning session due to retreating foreign investors worried about Egyptian stability amidst continued protests and deadly clashes in and around Tahrir Square.
The principle EGX30 index (...)
CAIRO: Unrest in Egypt has lead the stock market to losses amounting to 10.05 billion EGP of its capital on Monday, amid foreign investors' panic and subsequent withdrawal from the market.
The principal index EGX30 declined by 3.9 percent closing (...)
CAIRO: Foreign investments have not been affected by the recent developments in the country, said Head of the Public Authority of Investment Osama Saleh, adding that investments reached 49 billion EGP (U.S. $8.21 billion) in the last five (...)
CAIRO: Egypt's stock market decided to suspend the trading of Orascom Telecom stocks for 30 minutes today. It also suspended dealings of Ezz Steel, Alexandria stocks from the beginning of Monday's session, until the company meets its financial (...)
Egypt's stock market managed to achieve notable gains today, Monday, especially since Arab investors held increasing purchase processes, while medium and small indexes witnessed losses because Egyptian investors increased their sales (...)
Egypt's stock market will establish a new index EGX 20, composed of 20 shares to help investment funds increase their dealings without violating any law, said the chairman of Egypt's stock market Mohamed Omran.
He added the measure aims to (...)
Egypt's stock market witnessed notable losses on Wednesday amid a selloff my Egyptian investors and brokerage firms, deepening losses from earlier in the week.
The main index of the Egyptian stock exchange, the EGX 30, loss 3.5 percent, while the (...)
CAIRO: Egypt's stocks were slashed by 5 percent and so stopped dealing for 30 minutes on Wednesday. This sharp decline pushed by the Egyptian shareholders' sell-off at the beginning of the dealings.
Egypt's stock market witnessed notable losses (...)
Ezz Steel's shares increased notably on Tuesday after it was negatively affected by the judicial rule against the chairman of the company, Ahmed Ezz, two days ago.
The price of shares reached 7.01 EGP (U.S. $1.18) after it was 6.77 EGP (U.S. (...)
The Egyptian stock market index resumed limited drop on Tuesday morning session, especially since Egyptian and non-Arab investors were keen to sell their shares, while the index of medium and small companies managed to keep its limited rise.
The (...)
Egypt's stock market has been negatively affected by the increasing sales operations from foreign investors, while Egyptians and Arabs tended to buy during the morning session of Tuesday.
The main index, EGY X30, lost by 0.45 percent, while the (...)
CAIRO: The second session of former Egyptian President Hosni Mubarak's trial negatively affected the morning session of Monday's stock market. Egypt's bourse suffered from losses after Arab and foreign investors sold shares, while the Egyptians (...)
Today's trial of former Egyptian President Hosni Mubarak and the major losses that hit international markets led to a big decline in Egypt's stock market – around 1.5 billion EGP (U.S. $250 million).
The bourse saw increased selling by foreign (...)
The Egyptian stock market must take an active role in the financing of scientific research by encouraging member companies to fund scientific research projects, said Mohsen Adel, a financial analyst. He also urged specialized companies to finance (...)
An official in Egyptian company General Motors, Wael Amar, said supporting the exportation of local products is the only way to activate Egypt's economy, which has been suffering recession since the January 25 Revolution.
Amar pointed out (...)
CAIRO: Mohamed Abdel Salam, Chairman of Egypt's Stock Exchange, said it is normal for companies' shares fall in reaction to bad news and said such a fall is temporary.
According to the premise of supply and demand, shares will regain their value (...)