The EGX 30 Index has gained more than 7% so far this month, making it the world’s best performing major gauge of those tracked by Bloomberg.
Trading of foreign non-Arab investors on the Egyptian Exchange registered purchases of 7.2 billion pounds during 2018, according to a report by the Egyptian bourse.
The benchmark EGX30 dropped 1.24 percent, or 171.44 points, to close at 13,644.16 points.
The benchmark EGX30 rose 0.02 percent, or 2.94 points, to close at 14,653.91 points.
“We will offer another block of companies over a period of between six and nine months after the end of the first phase of five company offerings,” Tawfik added.
The benchmark EGX30 rose 1.10 percent, or 173.68 points, to close at 16,009.41 points.
Beltone will act as the sole global coordinator and bookrunner of the offering
The benchmark EGX30 slipped 1.38 percent, or 216.82 points, to close at 15,738.34 points.
The benchmark EGX30 slipped 0.71 percent, or 113.20 points, to close at 15,908.91 points.
The benchmark EGX30 declined 1.44 percent, or 245.62 points, to close at 16,760.24 points.
The benchmark EGX30 rose 2.15 percent, or 357.39 points, to close at 17,005.86 points.
The return from the offering of the Eastern Tobacco Company’s shares will be directed to restructure and develop the subsidiaries of the Holding Company.
The Egyptian Exchange (EGX) indexes gained a total of EGP 200 million over the past week
Egyptian Exchange (EGX) indicies went down at the close of Thursday's trading due to profit taking by foreign investors.
The benchmark EGX30 rose 0.23 percent, or 41.26 points, to close at 18,121.96 points.
The benchmark EGX30 increased 1.22 percent, or 182.61 points, to end at 18,080.70 points.
The Egyptian Exchange (EGX) ended Monday session on a mixed note after the decline of the broader index EGX100, amid Egyptian and Arab selling.
The Egyptian Exchange’s market capitalization recorded an increase of 18.1 percent during the first quarter of 2018, recording LE 974.179 billion.
Chairman of the Egyptian Exchange (EGX) Mohamed Farid called on companies in different sectors to diversify their sources of finance, especially through the capital market.
The company’s shares started trading by a price offering of LE 10.75, and the highest price it reached during the session was LE 11.82.