Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    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    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Factors to watch in Egypt's stock market in the week ahead
Published in Daily News Egypt on 27 - 08 - 2017

When Egypt's stock market starts trading on Sunday 27 August, most investors should be watching the following factors in the week ahead, with some companies holding their ordinary general meeting to discuss different matters.
This week will have only four trading sessions, as the Eid Al-Adha vacation is set to start next Thursday.
Wadi Kom Ombo Land Reclamation had its ordinary general meeting on August 26 to choose a new board for the company.
Last May, the company's ordinary general meeting (OGM) adopted the budget draft for fiscal year 2017/2018.
The company targets a profit of EGP 1 million in fiscal year (FY) 2017/18, compared to an estimated budget worth EGP 5 million for the current fiscal year, according to a bourse filing.
The investment budget for the next year was set at EGP 1.5 million.
Meanwhile, Arabia Investments' capital hike subscription will kick off on 27 August.
The exchange has approved the company's capital raise through issuing shares for the old subscribers.
The company posted a consolidated net profit of EGP 1.1 million for the first quarter (Q1) of FY 2017, compared to losses worth EGP 32.8 million for Q1 2016.
Revenues decreased in Q1 2017 to EGP 326.59 million from EGP 432.15 million for Q1 2016, a bourse filing said.
Golden Textiles and Clothes will pay the second coupon for its profit distribution on August 30.
The company's ordinary general meeting (OGM) has agreed to distribute cash dividends of 50 piasters per share for FY 2016.
Total dividends amount to EGP 7.14 million and will be disbursed in two tranches, according to a bourse filing.
Consolidated profits for FY 2016 declined 18.5% to EGP 9.6 million, versus EGP 11.7 million for FY 2015.
Standalone profits shrank 7.9% to EGP 11.16 million, compared to EGP 12.12 million for FY 2015, according to a bourse statement.
Consolidated sales increased in FY 2016 to EGP 176.10 million from EGP 165.8 million.


Clic here to read the story from its source.