Equities
Deutsche Bank AG may announce changes in the strategy of its investment banking unit on Thursday along with quarterly earnings.
U.S. stock markets are unlikely to return to the unusually calm conditions seen last year.
The inflation bogeyman has reared its ugly head and sent U.S. stock investors racing for the hills in recent days.
Worries about the impact of a tightening job market on the prospects for inflation and a surge in bond yields sent investors fleeing equities on Friday.
Gold hit a one-week low on Thursday as a stronger dollar dented the appeal of the safe-haven asset.
Market capitalization lost LE 5.32 billion ($300 million) totaling LE 701.48 billion, down from 706.8 billion registered Sunday.
Market capital reversed Wednesday’s gains and lost LE 2.54 billion ($143 million), recording LE 715.16 billion, down from LE 717.7 billion.
The Egyptian Exchange (EGX) saw a mixed performance on Wednesday for the third session in a row.
The benchmark index EGX 30 fell 0.17 percent to close at 13,638 points, after foreign traders sold by LE 11.8 million.
Total turnover gained LE 231.7 million ($13.04 million) to LE 900.7 million, up from LE 669 million, while market capital slightly went down to LE 715.13 billion.
EGX’s market capital gained LE 4 billion ($225 million), totaling LE 715.8 billion compared to LE 711.7 billion on Thursday.
EGX ended Thursday in the green. The main index added 0.06 percent. Market capital gained LE 2.9 billion ($162.9 million), while turnover reached LE 883 million.
EGX ended Thursday on negative note. Turnover leveled down to LE 760 million from LE 919.97 million achieved Wednesday.
EGX closed Tuesday’s session on mixed note. Liquidity gained LE 156.2 million, boosted by Egyptian sales.
EGX closed Monday’s session on positive note. Liquidity dropped LE 199 million, weighted by local and Arab sales.
EGX closed Thursday on a positive note, backed by the Egyptian purchases. Market capital gained LE 1.7 billion to reach LE 710.6 billion from LE 708.992 billion.
EGX closed Wednesday’s session in the red, hurt by the Arab and foreign sales. Total turnover dropped to LE 733.6 million from LE 1.3 billion achieved Tuesday.
EGX saw a negative performance at the closing session of Tuesday. Market capital lost LE 8.7 billion, totaling LE 707.9 billion from LE 716.6 billion on Monday.
The Egyptian Exchange (EGX) showed a mixed performance. Market capital gained LE 3.2 billion, totaling LE 716.6 billion compared to LE 713.4 billion.
The Egyptian Exchange (EGX) showed a positive performance amid high turnover on Monday, boosted by local and Arab purchases.
