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money markets
EGX sees decline in purchasing power during last week
The Egyptian Exchange (EGX) suffers from a clear decline in purchasing power, which weakens the chances of rising above the resistance level 10,310 points again, and confirming its breach upwards.
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Egypt to resume its IPOs in September through up to three offerings
Egypt is expected to resume its initial public offering (IPO) programme for the state-owned enterprises from September through December through initiating two offerings up to three offerings, head of…
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Egypt’s House of Representatives gives final nod to sovereign Sukuk law
The Egyptian House of Representatives gave final approval to the draft law of sovereign Sukuk.
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EGX may break 10,450 point level amid optimism for continued surge
Stock market experts expect the Egyptian Exchange’s (EGX) benchmark index EGX30 to see a surge in preparation for breaking the 10,450 barrier this week.
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Naguib Sawiris-backed Endeavour Mining listed on London Stock Exchange
Naguib Sawiris-backed Endeavour Mining has listed today on London Stock Exchangeafter being admitted into the UK Listing Authority’s premium listing segment, the company said in a statement.
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4-5 IPOs are expected during H2-21, EGX Chairman
Listing the shares of two new companies on the Egyptian exchange will take place this year, a third offering that was delayed is expected before the end of 2021, according to its Chairman Mohamed…
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FRA approves establishing first SME-focused private equity firm
The Egyptian Financial Regulatory Authority (FRA) approved the establishment of the first private equity company focused on investing in small- and medium-sized enterprises (SMEs), according to local…
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EGX to launch Tamayoz index within days
The Egyptian Exchange (EGX) approved the mythology of the new Tamayoz index, expected to be launched in the coming days.
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Egypt to resume IPOs of state-run firms starting October – sources
Egypt’s government plans to resume its programme to sell stakes in state-run firms by the beginning of next October, with IPOs of two firms expected to be on offer, sources with knowledge told local…
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EGX seen an increase of EGP 5bn in market cap during May
The Egyptian Exchange (EGX) ended May on a varied note with the market cap rising by EGP 5 billion.
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