AMEDA unveils modernisation steps for African, ME depositories    US Military Official Discusses Gaza Aid Challenges: Why Airdrops Aren't Enough    US Embassy in Cairo announces Egyptian-American musical fusion tour    ExxonMobil's Nigerian asset sale nears approval    Chubb prepares $350M payout for state of Maryland over bridge collapse    Argentina's GDP to contract by 3.3% in '24, grow 2.7% in '25: OECD    Turkey's GDP growth to decelerate in next 2 years – OECD    $17.7bn drop in banking sector's net foreign assets deficit during March 2024: CBE    EU pledges €7.4bn to back Egypt's green economy initiatives    Egypt, France emphasize ceasefire in Gaza, two-state solution    Norway's Scatec explores 5 new renewable energy projects in Egypt    Microsoft plans to build data centre in Thailand    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Health Minister, Johnson & Johnson explore collaborative opportunities at Qatar Goals 2024    WFP, EU collaborate to empower refugees, host communities in Egypt    Al-Sisi, Emir of Kuwait discuss bilateral ties, Gaza takes centre stage    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca, Ministry of Health launch early detection and treatment campaign against liver cancer    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    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 01 - 10 - 2017

When Egypt's stock market starts trading on Sunday 1 October, most investors should be watching the following factors in the week ahead, with some companies holding their ordinary general meeting (OGM) to discuss different matters.
This week will see also dividends' distribution due dates for some listed companies.
Starting with Wadi Kom Ombo Land Reclamation ordinary general meeting on 1 October, which will choose a new board for the company.
Last May, the company's OGM has adopted the budget draft for fiscal year 2017/2018.
The company targets a profit of EGP 1m in fiscal year (FY) 2017/18, compared to an estimated budget worth EGP 5m for the current FY, according to a bourse filling.
The investment budget for the next year was set at EGP 1.5m.
Meanwhile, Arabia Investments' capital hike subscription will kick off on 1 October.
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 1.1m for the first quarter (Q1) of FY 2017, compared to losses worth EGP 32.8m for Q1 2016.
Revenues decreased in Q1 2017 to EGP 326.59m from EGP 432.15m for Q1 2016, a bourse filling said.
Golden Textiles and Clothes will pay the second coupon for its profit's distribution on 4 October.
The company ordinary general meeting (OGM) has agreed to distribute cash dividends of 50 piastres per share for FY 2016.
Total dividends amount to EGP 7.14m and will be disbursed in two tranches, according to a bourse filling.
Consolidated profits for FY 2016 declined 18.5% to EGP 9.6m, versus EGP 11.7m for FY 2015.
Standalone profits shrank 7.9% to EGP 11.16m, compared to EGP 12.12m for FY 2015, according to a bourse statement.
Consolidated sales increased in FY 2016 to EGP 176.10m from EGP 165.8m.


Clic here to read the story from its source.