Stock Exchange
The benchmark EGX30 rose 0.37 percent, or 43.19 points, to end at 11,589.34 points.
Egypt announced establishing its first commodity exchange company as part of the country’s plan to develop its internal trade, as the commodities exchange will provide protection to small farmers and producers.
Amer added that CBE’s LE20 billion-support to EGX came as a result of these exits, which pushed the bourse upward in a time all global exchanges were losing.
The charges included embezzling at least 493.628 million, after they decided to sell Al Watany Bank of Egypt for profiteering via selling the bank assets in the stock exchange.
The market capital hit EGP 745 billion in May, compared with EGP 808.7 billion reported last month, recording a decline of 7.9 percent.
The market capital hit EGP 910.8 billion, compared with EGP 930.3 billion reported last month, recording a decline of 2.1 percent.
Shares in Chinese smartphone maker ZTE are set to resume trading in Hong Kong Wednesday.
Saudi Arabia’s stock exchange (Tadawul) is ready from a regulatory and technical point of view to handle a listing of Saudi oil giant Aramco.
PM Ismail said the program does not aim to lay off workers but seeks to support the companies' capabilities to grow.
President Abdel Fatah al-Sisi held a meeting Saturday with Finance Minister Amr el-Garhy and his deputies to review performance in fiscal year 2017/18.
Foreign investors have intensified their purchases in today’s session at EGX to register LE 3.1 billion, the highest rate in the history of EGX.
Hong Kong Exchanges & Clearing (HKEX) is still maintaining an “active” and “good conversation” with Saudi Aramco about its planned massive share sale.
Chief executive of Nasdaq Adena Friedman said Monday that large companies with dual listings in different time zones can generate more liquidity from investors.
Global share markets remained shaky on Thursday as U.S. bond yields crept up towards four-year highs.
The pan-European STOXX 600 index was flat in percentage terms on the day, while euro zone blue chips declined 0.1 percent.
Strengthening global economy, solid corporate earnings and low interest rates have helped the benchmark S&P 500 lock in 20 percent gains for the year.
CI Capital Investment Banking advises on LE 1.47 billion acquisition of NCMP by Cairo 3A for International Industries.
Saudi Arabia’s stock exchange aspires to be the exclusive venue for the listing of Saudi Aramco’s IPO-ARMO.SE initial public offering and the market has sufficient liquidity to absorb the share sale.
Head of the Egyptian exchange discusses the possibility of establishing a “commodities and contracts” exchange in Egypt.
Equity trading volumes in the Gulf have been thin in recent weeks and this trend looks set to continue or may even strengthen this week.
