Egyptian Stock Exchange

Egyptian stock exchange to launch new Sharia-compliant index by first half of 2024

Mon, 06 Nov 2023 - 01:12 GMT

To be included in the index, companies are required to ensure that their activities, as well as financial and accounting conditions, are in line with the provisions of Islamic Sharia law

EGX gains reflect continued investor optimism in the Egyptian economy

Wed, 10 May 2023 - 02:02 GMT

These gains reflect the continued optimism among investors about the performance of the Egyptian economy.

EGX surges into the green with strong push on Monday, market cap. adds LE 29B

Mon, 08 May 2023 - 04:05 GMT

Benchmark index EGX 30 climbed by 2.37 percent to 17,642.97 points, while EGX 50 surged by 2.98 percent to end the session at 3,139.38 points

EGX starts week with mixed performance, market cap reaches LE1.113trn

Sun, 07 May 2023 - 04:24 GMT

Trading on securities saw Egyptian and Arab investors as net sellers with LE 4.02 million and LE 13.39 million, respectively. Foreign investors were net buyers with LE 17.41 million

PM Madbouli appoints new head, deputy for Egyptian Stock Exchange

Thu, 25 Aug 2022 - 06:32 GMT

Egypt's Prime Minister Mostafa Madbouli issued a decree on Thursday appointing Ramy El-Dokany as head of the Egyptian Stock Exchange (EGX) board and Hebatallah El-Serafy as his deputy for a one-year term.

Egypt's Sisi directs government to deepen national industrialization of electric cars

Sun, 13 Feb 2022 - 02:59 GMT

The President issued directives for the government to continue the IPO program during the coming period to expand the base of ownership in the Egyptian Stock Exchange and attract direct investments.

Rameda floats 49% of its shares, hopes to raise LE 1.755B

Wed, 27 Nov 2019 - 12:43 GMT

Rameda said that trading will be made in two tranches and will be priced at LE 4.66 per share.

Egypt bourse loses EGP 13.6 bln

Thu, 10 May 2018 - 04:07 GMT

The market capital lost about EGP 13.6 billion to hit EGP 962 billion amid transactions that hit EGP 1.4 billion.

Egypt’s market capitalization of stocks rises to $50B: Bloomberg

Thu, 04 Jan 2018 - 03:35 GMT

Foreign investors have been lured to invest in Egypt's assets on the back of President Abdel-Fatah al-Sisi’s bold economic reform program.

PM affirms determination to complete reform policy in all fields

Tue, 26 Sep 2017 - 01:50 GMT

Prime Minister Sherif Ismail on Monday affirmed his government's determination to complete the reform policy in all sectors.

Egypt's bourse participates in WFE annual meeting

Thu, 07 Sep 2017 - 11:36 GMT

Mohamed Farid participated in the 57th annual meeting of the World Federation of Exchange (WFE) hosted by the Stock Exchange of Thailand on September 6-8.

New trading mechanisms to be offered in the Egyptian Capital market

Sat, 12 Aug 2017 - 03:34 GMT

New trading mechanisms are to be offered to advance the Egyptian capital market through use of modern technology.

MOPCO Q1 net profit marks LE 394B

Tue, 30 May 2017 - 11:19 GMT

Misr Fertilizers Production Company’s (MOPCO) posted a net profit of LE 393.7 billion ($21 billion) in Q1 2017.

Egypt eyes 1.5 billion EGP in revenues from stamp tax on stock trades

Sun, 02 Apr 2017 - 04:00 GMT

Egypt hopes a stamp tax on trades in the Egyptian Exchange (EGX) will generate revenues ranging between 1-1.5 billion EGP in 2017/18.