EGX
By the end of the trading session, the dollar closed at LE 51.0564 for buying and LE 51.1944 for selling, up from LE 50.5296 and LE 50.6669 at the close of the previous week
Ahmed El Sheikh, Chairman of the EGX, noted that the partnership would also focus on enhancing trading supervision systems to ensure more efficient market operations and better investor protection.
Under the current regulations, these major shareholders are required to freeze 51 percent of their shares for a minimum of two years from the first trading day, during which they cannot sell any of their holdings
To make this transition smoother, the EGX is collaborating with the Financial Regulatory Authority to amend the current listing regulations.
The initiative will primarily focus on assessing the current liquidity situation in the EGX and identifying strategies to boost market efficiency.
The changes, effective from February 1, 2025, aim to reflect the evolving dynamics of Egypt’s economy and stock market, providing investors with updated benchmarks for trading.
In a recent press release, Bonyan confirmed that it has received official approval from the EGX's listing committee to list its shares under the ticker symbol "BONY.CA."
The Egyptian Exchange (EGX) experienced a strong start to the week, posting a positive performance. By the close of Sunday’s session, the market capitalization reached LE 2.2198 trillion, reflecting a solid boost in trading activity.
Additionally, the exchange will debut another index combining sustainability and Sharia compliance in the first half of the year.
In an EGX disclosure, Nouh explained that while the FRA has no objections to the delisting, it has outlined a series of conditions that Ezz Steel must adhere to.
The market capitalization stood at LE 2.254 trillion, while total transactions amounted to LE 181 billion.
The benchmark EGX30 dipped 0.18 percent, or 55.39 points, closing at 31,005.12 points.
The benchmark EGX30 rose 0.72 percent, or 220.94 points, closing at 31,060.51 points.
In a filing to the EGX, the company stated that the decision was approved during a board meeting held on December 7, 2024.
According to the bank, the share price was set at LE 13.85, with the offering divided into two tranches.
The benchmark EGX30 declined 1.45 percent, or 438.31 points, closing at 29,846.04 points.
CI Capital is acting as the lead manager for the share offering, with Commercial International Brokerage as the broker, and Baker Tilly serving as the financial advisor.
The market capitalization rose by nearly EGP 2.226 trillion, reaching EGP 135.48 trillion, with total transactions amounting to EGP 2.9 billion.
The benchmark EGX30 declined 0.42 percent, or 126.71 points, closing at 30,270.51 points.
The benchmark EGX30 declined 0.77 percent, or 234.58 points, closing at 30,397.22 points.
