Egypt's stock market develops new methodology for calculating shares' closing price

Mon, 02 Aug 2021 - 12:54 GMT

The new methodology for calculating the intraday closing price of shares is based on the 30-minute time-moving “Moving VWAP” weighted average.

EGX resumes trading on Orascom Investment shares

Wed, 17 Feb 2021 - 10:36 GMT

On February 7, Orascom Investment Holding Company submitted a request to the Egyptian Exchange (EGX) to stop dealing in the company's shares as of the beginning of the trading session next Thursday.

CIB records profits of LE 9.58B in 2018

Tue, 05 Feb 2019 - 12:46 GMT

As per standalone results, the bank marked a profit of LE 9.55 billion in 2018, compared to LE 7.55 billion in 2017, with an increase 26.55 percent.

Wall Street selloff worsens on Mnuchin move, Washington drama

Tue, 25 Dec 2018 - 09:47 GMT

All three major indexes ended down more than 2 percent the day before the Christmas holiday.

Asian shares perk up ahead of key policy events in China, U.S.

Mon, 17 Dec 2018 - 09:42 GMT

Asian share markets ticked up on Monday as investors cautiously could allay concerns about slowing global economic growth.

SoftBank mobile services disrupted ahead of bumper IPO, shares drop

Thu, 06 Dec 2018 - 09:14 GMT

SoftBank will set a final offering price on Dec. 10 with shares set to begin trading on Dec. 19.

Oil's sharp price drop fuels questions for stock market

Thu, 06 Dec 2018 - 09:10 GMT

“For the near term, the two are very closely correlated,” Katz said.

Apple shares drop on iPhone suppliers' warnings

Tue, 13 Nov 2018 - 09:37 GMT

Apple warned earlier this month that holiday sales would miss Wall Street expectations, blaming the fall on weakness in emerging markets and foreign exchange costs.

CIB marks profits of LE 7.02B in 9 months

Thu, 08 Nov 2018 - 11:53 GMT

The share of CIB reacted positively with the results as it rebounded 1.63 percent by 10:45 a.m. (CLT), gaining LE 1.31 to hit levels of LE 81.88.

Shares roar higher on U.S.-China trade deal hopes

Fri, 02 Nov 2018 - 01:35 GMT

Shares roar higher on U.S.-China trade deal hopes.

Stocks flatline after selloff as U.S. borrowing costs hold below multi-year peaks

Wed, 10 Oct 2018 - 09:37 GMT

The effects of the global bond selloff that took U.S. 10-year bond yields to seven-year highs this week were exacerbated by economic growth concerns stemming from trade conflicts and $80-per-barrel oil.

Egypt to offer extra shares in five state companies this year

Mon, 17 Sep 2018 - 01:22 GMT

“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.

Global stocks still hooked on buybacks; trade war snaring more bulls

Mon, 03 Sep 2018 - 08:22 GMT

Strategists have previously said corporate earnings growth should be a result of capital business expenditure and not the current trend of stock buybacks.

Wall St. higher on U.S.-China trade talk optimism

Mon, 20 Aug 2018 - 02:30 GMT

U.S. stock index opened higher on Monday as reports of planned trade talks between the United States and China raised hopes of a potential resolution to their trade spat.

S&P 500 climbs to over five-month high on strong earnings

Thu, 19 Jul 2018 - 09:19 GMT

The Dow Jones Transport Average .DJT jumped 2.3 percent, its biggest daily advance in three months.

Iowa, Illinois investigating infections linked to McDonald's salad

Sun, 15 Jul 2018 - 08:19 GMT

McDonald’s shares fell 1.4 percent after-hours on Thursday.

Stocks, commodities recover after latest trade war jolt

Thu, 12 Jul 2018 - 09:24 GMT

Spreadbetters expected European stocks to open higher, with Britain’s FTSE gaining 0.3 percent, Germany’s DAX adding 0.35 percent and France’s CAC 0.4 percent.

Stock markets roiled as U.S. ups ante in trade conflict

Wed, 11 Jul 2018 - 08:22 GMT

Washington proposed the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement, senior administration officials said on Tuesday.

Dollar scales 11-month peak, oil slides ahead of OPEC

Thu, 21 Jun 2018 - 12:07 GMT

“The reaction of the dollar has been very interesting this week,” said State Street Global Markets head of macro strategy Michael Metcalfe.

Asia stocks skid to four-month low as Trump raises stakes in China trade war

Tue, 19 Jun 2018 - 08:09 GMT

U.S. and European equity markets looked set to follow Asia into the red. S&P 500 futures ESc1 were off 1 percent and Dow Jones futures 1YMcv1 were 1.1 percent lower.