Stock Exchange
Trading volumes reached 9.7 billion Egyptian pounds as market capitalization saw a decline of 48 billion pounds.
The Egyptian Stock Exchange has experienced significant growth and development in recent years.
Today’s trading saw 983.14 million shares exchanged with a turnover of LE 2.37 billion
Trading on securities saw Egyptian and Arab investors as net buyers with LE 177.42 million and LE 40.17 million, respectively. Foreign investors were net sellers with LE 217.6 million
Egypt is preparing to offer 10 more companies belonging to the Armed Forces on stock exchange after it had offered shares in army-owned Wataniya Petroleum Company and National Company for Producing and Bottling Water (Safi), Prime Minister Mostafa Madbouli said on Saturday.
The 11th edition of the conference was hosted this year by the Zimbabwe Stock Exchange entitled - “Managing Risks in Turbulent Times”. Several economy ministers, a number of senior decision-makers in African countries, and a number of international experts participated in the conference.
On Nov. 30, Agthia Group announced the completion of its acquisition of a 60 percent stake in Auf Group at a value of LE 2.9 billion.
The benchmark EGX30 rose 0.18 percent, or 17.7 points, to end at 9,697.88 points.
The market capital lost about LE 6 billion, closing at LE 724.3 billion after transactions that totaled LE 1.017 billion.
The benchmark EGX30 hiked 4.90 percent, or 537.43 points, to end at 11,511.15 points.
The Egyptian Stock Exchange's listing committee had agreed at the end of last December to list the shares of Nahr Al-Khair Company, with an issued capital of LE 200 million, divided into two billion shares, with a nominal value of 10 piasters per share.
The EGX 30 benchmark index decreased 0.05 percent to stand at 11,849.79 points.
The Financial Regulatory Authority (FRA) held a meeting to discuss ways to enhance the trading environment and controlling transactions in the Egyptian 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.
