Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author MAHMOUD ASKAR NOURHAN MAGDI
Banks to attract more cash after deposit declines
CAIRO: Egyptian banks have begun new plans to attract more cash to aid liquidity after their deposits declined drastically. Banks witnessed dramatic declines in their deposits due to expansions in purchasing bills and government treasury bonds, (...)

10 - 12 - 2011
Smaller shares make gains, larger stocks dip
CAIRO: Egyptian investors boosted the small- and medium-sized company shares in the mid-session of today's transactions in the Egyptian stock exchange. Bigger shares however, due to foreign and Arab sell-offs, continued to fall. The main EGX30 (...)

06 - 12 - 2011
Egypt stock spike prompts trading halt
The Egyptian stock market administration today suspended 22 trading on 22 companies for 30 minutes during the first hour of transactions. The transactions exceeded the 5 percent limit today. The 22 companies are: • National Cairo for (...)

30 - 11 - 2011
Collective rise to stock market index during morning transactions
Egyptian stock market indexes started the morning transactions with a slight rise, pushed by Arab and foreign investors' purchases while Egyptian investors' transactions directed to sales. The main Egyptian stock market index EGX30 rose by 0.49 (...)

24 - 11 - 2011
Egypt markets fall on news of violence
The Egyptian stock market ended the week's transactions down Thursday, driven by the sales of Arab and foreign investors responding to news of an explosion on the gas pipeline to Israel and security concerns in the governorates of Kafr el-Sheikh, (...)

10 - 11 - 2011
Egypt's bourse falls in 1st session after Eid al-Adha
Egypt's stock market ended its first transactions after the Eid al-Adha holiday in a collective decline Wednesday, pushed by Arab and Foreign investors' sales. Although Egyptian investors leaned towards purchases in the second half of Wednesday's (...)

09 - 11 - 2011
Egypt stock market indexes expected to rise by beginning of week's transactions
Main Egyptian stock market index EGX30 was able to reach 4361 points during last week's sessions. The index's good performance is expected to continue throughout the rest of the week. Technical analyst Sameh Ghareeb said the size of transactions (...)

30 - 10 - 2011
Active number of investors in Egyptian bourse declines to 100,000
CAIRO: The number of active investors in the Egyptian bourse declined to just over 100,000 in 2011, a fall from 311,000 investors during 2005. The decline in participants in 2011 illustrates the deterioration of the Egyptian stock indexes. Many (...)

23 - 10 - 2011
Egypt Stock Market indexes decline during morning transactions
Egypt's stock market indexes declined during this morning's transactions, except for small and medium company index, which maintained its limited increase. Foreign investor transactions were directed to selling while Egyptian and Arab transactions (...)

20 - 10 - 2011
Market rebounds slightly from Maspiro incidents
Anxiety related to clashes at Maspiro were reflected by losses at the Egyptian Stock market during Monday's trading, with all indexes falling at the opening of trade. Losses were valued at more than 10 billion EGP (U.S. $1.7 billion). The market (...)

11 - 10 - 2011
Egypt's bourse loses 6 billion EGP amid investor fears
All indices on the Egyptian stock market fell on the first day of new chairman Mohamed Omran's term, driven by an Arab and Egyptian sell-off. Egypt's principal index, the EGX 30, closed down 2.2 percent. The small and medium companies index, the (...)

23 - 09 - 2011
Egyptian bourse falls in morning trading
Egypt's three main stock indices declined during morning trading Wednesday, pushed by most large companies, including Orascom Construction, Mobinil, Commercial International Bank, and Orascom Telecom. The main Egyptian stock index, the EGX 30, (...)

21 - 09 - 2011
Collective decline in stocks today with Arab, Egyptian sales
CAIRO: The Egyptian stock market closed today with a collective decline, pushed by sales by Arab and Egyptian investors and institutions. Foreign transactions leaned toward purchasing as many of the leading shares declined today. The main (...)

21 - 09 - 2011
Ezz's verdict could affect steel company
A convinction for Ezz Steel's former chairman has nothing to do with current production, the company said Sunday. Ahmed Ezz was sentenced to ten years in prison and fined 660 million EGP (U.S. $110 million) on criminal corruption charges. The (...)

19 - 09 - 2011
Collective stock decline during morning transactions
Egypt's three main stock market indexes collectively declined during today's morning transactions. The stock market capital lost more than 15 billion EGP (U.S. $2.51 billion). The decline continued by proceeding intensive sales processes by Arab (...)

15 - 09 - 2011
Bourse drops as spooked investors flee politically vulnerable market
CAIRO: Foreign investor and institutional sell-offs today dragged down the three main Egyptian stock indexes in the morning session. Spooked investors concerned with the siege on the Israeli embassy in Cairo last Friday began abandoning the (...)

11 - 09 - 2011
Egyptians make up 75% of stock transactions
Egyptian investors made up 74.5 percent of transactions on the Egyptian Stock market this week. Non-Arab foreigners made up 19.21 percent of transactions, and Arabs made 6.29 percent of trades. Foreigners' transactions resulted in a net sale of (...)

09 - 09 - 2011
Rise in stock market indexes during morning transactions
CAIRO: Egypt's three stock market indexes rose collectively during morning transactions today, pushed by purchases of the Egyptian and Arab investors. Foreign investors continued their sell-offs. The main Egyptian stock market index, EGX 30, rose (...)

29 - 08 - 2011
Arab, foreign stock purchases temper outweigh Egyptian sales
Arab and foreign investors' purchases pushed Egypt's three main stock indices towards modest gains in the opening hours of trading Thursday, tempered by Egyptian transactions mostly consisting of sales. The principal stock index, EGX 30, rose (...)

25 - 08 - 2011
Egypt Borse continues to rise amid heavy foreign transactions
The Egyptian stock market indexes rose again today during the mid-session transactions particularly after foreign investors began purchasing large chunks of the market. Arab and Egyptian investors continued their sell-offs, though. The main (...)

22 - 08 - 2011
Egypt Borse index gains 3.3% to end week
The Egyptian stock market's large company index rose on the week, while two other major indices declined. The main Egyptian stock index, EGX 30, rose 3.37 percent on the week, closing at 4,747 points. The medium and small companies' index, EGX (...)

20 - 08 - 2011
Egyptian Borse regains 4.8 billion EGP
The Egyptian stock market regained the 4.8 billion EGP (U.S. $806.3 million) it lost yesterday in the latter stages of today's session, the last caucus of the first week of the Islamic holy month of Ramadan. The Egyptian stock market rose with a (...)

04 - 08 - 2011
Egypt bourse rises with increased foreign purchases
CAIRO: Egypt's three stock market indexes rose notably in morning transactions today, the last day of the trading week. The stock market reached its lowest levels in yesterday's transactions, but was pushed up today with increased foreign purchases (...)

04 - 08 - 2011
Egypt stock market starts Ramadan's transactions with a collective rise
The stock market indexes started today's transactions, the first session in the holy month of Ramadan, with a rise. They were caused by some of the leading shares, particularly Orascom Telecom, Orascom for construction, Commercial International (...)

01 - 08 - 2011
Egypt Borse gains 1.7 billion EGP on first day of Ramadan
The Egyptian stock market index gained 1.7 billion EGP (U.S. $285.6 million) today on the first day of Ramadan. The gains can be traced largely to foreign purchasing in the second half of the session, as Arab and Egyptian transactions declined in (...)

01 - 08 - 2011
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