CAIRO: Foreign investors seem to be fleeing Egyptian markets based on last week's performance, said Ehab Saeed, the manager of the research department and member of the board of directors of the Osool ESB for Securities Brokerage (...)
CAIRO: Egyptian Stock Exchange chairman Mohamed Omran said, “I don't have any advice for investors during this critical stage.”
Omran insisted the stock exchange will remain functional in light of recent events in Tahrir Square.
He added there (...)
All Egyptian Stock Market indexes increased during the beginning of the morning transactions.
Main Egyptian stock market index EGX30 rose by 0.78 percent totaling 4.048 points. The new stock market index EGX20 rose by 0.36 percent.
EGX100 (...)
Ezz el-Dekhela Company for Steel in Alexandria distributed 467.7 million EGP (U.S. $78.38 million) to its shareholders, equaling 35 EGP (U.S. $5.86) per share.
The source company paid 1.34 billion EGP (U.S. $223 million) over a distribution of (...)
CAIRO: The Egyptian bourse made early gains in this morning's transactions after dramatically losing 7 billion EGP (U.S. $1.1.7 billion) at close in Thursday's session.
The main Egyptian index EGX30 rose 0.74 percent, the EGX70 rose 0.20 percent (...)
CAIRO: The Egyptian stock market witnessed a total loss of 10.2 billion EGP (U.S. $1.7 billion) of its market value across three indices in the first session of the week today. The drop was triggered by large sales by foreign investors.
Financial (...)
A state of serious concern dominates financial markets and economic systems worldwide due to the U.S. economy crisis, leader of global economy.
The main reason of the economic crisis is because of the failure of democratic and republic forces in (...)