• Thursday, 23 April 2020

    What we’re tracking on 23 April 2020

    Ramadan Kareem, everybody. Dar Al Iftaa confirmed last night that Friday is the first day of the holy month, meaning we are T-21 hours (give or take a few minutes) to when fasting begins, as Fajr prayers will start at...
  • Tuesday, 21 April 2020

    What we’re tracking on 21 April 2020

    Good morning, ladies and gents, and welcome back from what we hope was a relaxing long weekend. Now, let’s get re-oriented for the start of this truncated workweek: It’s four days until Ramadan, which starts on Friday, 24 April —...
  • Monday, 30 March 2020

    EGX slips back into the red, closing down 1.5%

    The EGX30 slipped back into the red yesterday, closing down 1.5% to resume a spell of volatility that has gripped the market over the past few weeks. The benchmark index had inched up 0.5% by the closing bell last Thursday...
  • Thursday, 26 March 2020

    EGX holds steady after days of volatility

    EGX holds steady after days of volatility: The EGX30 crept up yesterday to close 0.97% in the green. The index dipped during morning trading after an early surge before local and regional investors helped drive a mid-afternoon rally. The EGX30...
  • Tuesday, 17 March 2020

    EGX sell-off continues as shares fall 7%

    The selloff on the EGX continued yesterday, tripping circuit breakers yet again: The sell-off on the EGX continued at pace yesterday, with the benchmark EGX30 index finishing 7.1% in the red and the wider EGX100 falling more than 6%. CIB,...
  • Monday, 2 March 2020

    Education proves its strength as a defensive sector in the midst of corona market meltdown

    Education proves its strength as a defensive sector in the midst of corona market meltdown: The EGX30 closed down 6% on Sunday as investors reacted to the accelerating sell-off in global markets at the tail-end of last week and a...
  • Thursday, 30 January 2020

    CI Capital says it has 4 EGX IPOs in the pipeline for this year

    IPO WATCH- CI Capital says it has 4 EGX IPOs in the pipeline for this year: Investment bank CI Capital says it has as many as four share sales by Egyptian companies on the EGX in the pipeline for execution...
  • Monday, 18 November 2019

    Speed Medical to invest EGP 160 mn in 2020

    INVESTMENT WATCH- Egyptian healthcare company Speed Medical to invest EGP 160 mn in 2020: Speed Medical aims to invest EGP 160 mn next year in 30 labs and outpatient clinics, Chairman Mahmoud Lasheen told the local press. The company plans...
  • Sunday, 29 September 2019

    Late-week EGX30 rebound has helped to steady share slide

    Late-week EGX30 rebound helped stymie share slide: Despite the EGX30 being the second-worst performing equity index of last week, a late-week rebound has mitigated some of the damage, with the index finishing the week down 6%, writes the Financial Times....

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