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Tag Archives: Stock Market

EGX gains 136 pts at open on foreign buying

The Egyptian Exchange (EGX) opened Sunday’s trading on a positive note, backed by foreign purchases. By 10:37am Cairo time, the benchmark EGX30 index grew 1.11% or 136.3 points to the level of 12,446.79 points. Similarly, the EGX70, EGX100 and EGX50 indices levelled up 0.42%, 0.49% and 1.21% respectively. Trading volume …

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EFG Hermes Leasing’s CEO Ahmed El-Kholy

EFG  Hermes  Leasing’s  capital  is  estimated  at  EGP 1bn We control 11 per cent of the market, and allocate 20 per cent to small companies EFG Hermes targets increasing capital of its new subsidiary to EGP 125m  Operations- estimated at EGP 650m- with a number of companies that are engaged …

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Bells from the Trading Floor

By Mahmoud hammad The market indices are zigzagging between mild ups and downs in a tight range due to the absence of important macro or micro economic news. Uncertainty at talks among oil producers in Doha dampened Gulf stock markets on Sunday. Arab investors were net sellers during the day. …

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Bells from the Trading Floor

Orange Egypt Orange Egypt (formerly known as Mobinil) said that the extraordinary general assembly approved appointing Attef Helmi as Chairman of BOD and amending article 2 of its statute to change the company’s name to “Orange Egypt”. Helmi formerly served as minister of telecommunications and information technology in January 2013. …

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Stock markets bound-in trades

Mohammed Saeed, Member of The Egyptian Society of Technical Analysts (ESTA), said that Egyptian Exchange (EGX) benchmark index EGX 30 will bounce upwards, despite increase in interest rates.It is likely that profits would be generated temporarily, yet confident flows are expected to continue. In a statement to MEO, Saeed said …

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Bells from the Trading Floor

The market witnessed its best performance in the last two years during last week thanks to the long awaited step taken by the Central Bank of Egypt to devalue the pound. The market climbed 14 per cent during the week. It was all supported by investors optimism that the move …

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EGX30 faces resistance level at 6100 points

Egyptian stock market (EGX) investors are currently preoccupied with the dollar crisis and how it will turn up, Saeed Eweidy, financial markets analyst, said in a statement to MEO. Abo Bakr Imam, Head of Research Department at Prime Holding, said EGX’s benchmark index EGX 30 swings on the short-term between …

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Egypt to set up first commodities exchange in 2016

Egypt will set up the Middle East’s first commodities exchange this year as Amman-based Sigma Investments has completed the feasability study at a cost of LE1.3 million, announced Supplies and Internal Trade minister, Khaled Hanafy, on Monday. The plan is to trade eight commodities through 2 million contracts in the …

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Asia’s New Year Economic Resolutions

A tour of the prospects for the Asia-Pacific’s biggest economies in 2016. New Year has arrived and with it that special time when resolutions are often made for the year ahead. With this in mind, Pacific Money takes a look at what the Asia-Pacific region’s biggest economies might be hoping …

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