Stock Exchange
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.
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.
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