Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    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    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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 week ahead
Published in Daily News Egypt on 17 - 09 - 2017

When Egypt's stock market starts trading on 17 September, most investors should be watching the following factors in the week ahead, with some companies hold its ordinary general meeting to discuss different matters
Starting with Alexandria Container and Cargo Handling, which the record date for its coupon will be entitled for it shareholders as of 17 September.
The coupon is valued at EGP 8.89, and shareholders will be able to take it starting 20 September.
Earlier this year, the company's general meeting approved distributing EGP 8.9 per share for the 2016/17 profit.
The company posted an increase of 60% in its net profit, which came in at EGP 2.18bn.
The Alexandria Container and Cargo Handling (ALCN) targets an increase of 2% in net profits in the fiscal year 2017-2018.
ALCN seeks to achieve net profits of EGP 1.5bn through fiscal year (FY) 2017/18 compared with EGP 1.47bn it targeted to achieve in 2016/17.
The company also stated that it targets investments of EGP 102.3m in FY 2016/17, in addition to operations revenues of EGP 2.19bn.
Meanwhile, the Nile Cotton Ginning ordinary meeting will gather on 17 September to approve its financial statements for FY 2016/17.
The company losses came in EGP 72.29 m, an increase of 500% on an annual basis.
During the first half of fiscal year 2016/17, from July to December, losses jumped to EGP 72.58 million from EGP 254,900 in the same period in 2015.
These results are attributed to FX losses, which the company said totalled EGP 68.9m in the first half (H1) 2017.
Dice Sport and Casual Wear extraordinary meeting will be held on 18 September to discuss increasing its capital through selling a stake in the secondary market.
Dice is capitalised at EGP 28m, distributed across 7 million shares at EGP 4 par value each.
Qatar National Bank (QNB Al Ahli) record date for its capital increase will be for shareholders until 20 September.
The market will be off as of 21 September, which marks the start of the new Islamic year.


Clic here to read the story from its source.