• Monday, 8 March 2021

    The markets on 8 March 2021

    The EGX30 fell 0.9% at today’s close on turnover of EGP 1.33 bn (9.8% below the 90-day average). Regional investors were net buyers. The index is up 5.7% YTD.In the green: AMOC (+3.2%), MM Group (+1.6%) and Orascom Financial (+1.3%).In...
  • Monday, 22 February 2021

    What does it mean for an index to “rebalance”?

    Enterprise Explains: Index rebalancing. Last month, the Egyptian Exchange released new criteria for inclusion in the EGX30 in a bid to make the benchmark index more attractive to foreign investors. The new criteria came into effect on 1 February, which...
  • Thursday, 4 February 2021

    Fawry could make MSCI, FTSE this year

    Payments giant Fawry could make it onto the FTSE and MSCI emerging markets indices this year, Arqaam Capital said in a research note on Tuesday, a few days after the company was added to the EGX30.Inclusion in FTSE is a...
  • Tuesday, 2 February 2021

    Abu Qir’s net income up 3.59% y-o-y in 2H2020

    Abu Qir Fertilizers’ net income rose almost 4% to EGP 1.49 bn in 2H2020, from EGP 1.44 bn during the same period the year before, according to an EGX disclosure (pdf). Revenues increased marginally during the six-month period to just...
  • Monday, 23 November 2020

    EGX positioned for rebound in 2021 on strong fundamentals, positive growth outlook: Credit Suisse

    The EGX is well-positioned for a comeback next year, thanks in large part to Egyptian equities currently being cheap because of the covid-19 market slump, Credit Suisse’s Head of Middle East Research Fahd Iqbal told Bloomberg. The EGX30 is currently...
  • Tuesday, 8 September 2020

    What we’re tracking on Tuesday, 8 September 2020

    Good morning, friends, and welcome to hump day — get through today and we’re one day closer to the weekend. We’ve always thought of fall as a season of new beginnings. A new school year for the kids — and...
  • Monday, 24 August 2020

    What we’re tracking on Monday, 24 August 2020

    It’s an unusually heavy news day for a Monday, and on the whole the news is generally good as we speed toward the end of summer and the start of fall budget / planning season. The EGX outperformed its regional...
  • Tuesday, 4 August 2020

    Egyptian Steel, Edita, Beltone now listed on rebalanced EGX30

    The EGX30 swapped five companies in its regular rebalancing last week. The full rundown of the rebalancing is here (pdf). Who’s out: Orascom Construction, Alexandria Mineral Oils Company, Egyptian Resorts Company, Kima, and Porto Group. Who’s in: Edita, Egyptian Steel,...
  • Monday, 11 May 2020

    What we’re tracking on 11 May 2020

    It’s a big news day at home and abroad as we grind through the days until Eid El Fitr starts at the end of next week. On the home front: MUST READ OF THE DAY- The always-on-point Mohamed El Erian...

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