Egyptian Exchange
During the session, fruitful discussions were held regarding the organization of specialized banking forums in Egypt, Tunisia, and Qatar.
TAQA will be listing more than 1.3 billion shares for LE 0.50 per share.
Today’s trading session saw 535.85 million shares exchanged with a turnover of LE 1.21 billion
He also said that the stakes in the remaining companies will be sold before the end of the year, and that the scope of work of these companies include: oil, petrochemicals, and transport.
UAE's National Paints acquired 81% of PACHIN purchasing a total of 19.358 million of the company’s shares in a 770 million EGP deal, which accounts for almost $25 million
FRA gave its approval to Evolve Azimut to launch the first gold investment fund in Egypt, it will be run by Azimut Egypt, while Catalyst Partners will be in charge of pricing the fund’s investment document.
Purchases by foreign investment funds and Egyptian individuals forced all indexes of the Egyptian Exchange to decline at the closing of Monday transactions.
The Egyptian Exchange (EGX) ended Monday in green, adding around LE 6.15 billion to market capitalization, amid Arab and foreign purchases.
Egyptian Exchange (EGX) indices showed mixed performance at the close of Wednesday's trading.
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.
