EGX

Global tariff tensions impact Egypt’s currency and stock exchange

Mon, 07 Apr 2025 - 12:40 GMT

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

EGX, Nasdaq team up to upgrade local stock market by end of 2025

Mon, 24 Feb 2025 - 02:42 GMT

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.

EGX weighs shorter lock-up period for major shareholders of companies going public

Mon, 24 Feb 2025 - 01:43 GMT

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

EGX and Gov’t explore potentially offering small stakes of SOEs on EGX

Tue, 18 Feb 2025 - 02:02 GMT

To make this transition smoother, the EGX is collaborating with the Financial Regulatory Authority to amend the current listing regulations.

EGX to work with EBRD to improve stock market liquidity

Sun, 09 Feb 2025 - 12:22 GMT

The initiative will primarily focus on assessing the current liquidity situation in the EGX and identifying strategies to boost market efficiency.

EGX completes semi-annual review, reveals 26 moves across main 4 indices

Thu, 30 Jan 2025 - 12:15 GMT

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.

Real estate operating company Bonyan set to go public on EGX by mid-2025

Thu, 23 Jan 2025 - 01:18 GMT

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."

Stock market witnesses strong performance to kick off the week

Sun, 19 Jan 2025 - 02:40 GMT

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.

Major real estate company expected to list on EGX within weeks

Mon, 13 Jan 2025 - 12:30 GMT

Additionally, the exchange will debut another index combining sustainability and Sharia compliance in the first half of the year.

Ezz Steel's voluntary delisting from EGX gets FRA approval

Mon, 16 Dec 2024 - 01:00 GMT

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.

EGX ends Tuesday with collective decline

Tue, 10 Dec 2024 - 05:23 GMT

The market capitalization stood at LE 2.254 trillion, while total transactions amounted to LE 181 billion.

EGX ends Monday in red zone, market cap. loses LE 7.72B

Mon, 09 Dec 2024 - 04:05 GMT

The benchmark EGX30 dipped 0.18 percent, or 55.39 points, closing at 31,005.12 points.

EGX adds LE19B to market cap. amid green trading

Sun, 08 Dec 2024 - 06:28 GMT

The benchmark EGX30 rose 0.72 percent, or 220.94 points, closing at 31,060.51 points.

Ezz Steel announces voluntary delisting from EGX

Sun, 08 Dec 2024 - 05:10 GMT

In a filing to the EGX, the company stated that the decision was approved during a board meeting held on December 7, 2024.

United Bank completes offering of 330M shares worth LE 4.57B

Wed, 04 Dec 2024 - 10:32 GMT

According to the bank, the share price was set at LE 13.85, with the offering divided into two tranches.

EGX flags in red Wednesday, market cap. loses LE 27.61B

Wed, 27 Nov 2024 - 02:07 GMT

The benchmark EGX30 declined 1.45 percent, or 438.31 points, closing at 29,846.04 points.

Public offering of United Bank shares on EGX starts Wednesday

Wed, 27 Nov 2024 - 12:36 GMT

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.

Egyptian Exchange indices close higher Tuesday

Tue, 26 Nov 2024 - 04:29 GMT

The market capitalization rose by nearly EGP 2.226 trillion, reaching EGP 135.48 trillion, with total transactions amounting to EGP 2.9 billion.

EGX ends Monday in red, market cap. loses LE10B

Mon, 25 Nov 2024 - 06:15 GMT

The benchmark EGX30 declined 0.42 percent, or 126.71 points, closing at 30,270.51 points.

EGX ends Sunday with semi-collective regression, market cap. loses LE11.58B

Sun, 24 Nov 2024 - 02:34 GMT

The benchmark EGX30 declined 0.77 percent, or 234.58 points, closing at 30,397.22 points.

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