• 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....
  • Thursday, 26 September 2019

    What we’re tracking on 26 September 2019

    You may now take a breath: The sell-off on the EGX30 finally cooled off yesterday as the index closed up 3.2%, breaking an eight-session losing streak. We’re going to go out on a limb and say it is likely to...
  • Wednesday, 25 September 2019

    EGX share slide continues, wiping out 2019 gains

    EGX share slide continues, nearly wiping out 2019 gains: The sell-off on the EGX accelerated yesterday, as investor concern about the impact of protests last weekend almost wiped out the index’s 2019 gains. The benchmark EGX30 index fell 4.2% in...
  • Thursday, 29 August 2019

    Egypt sees the light of the day alongside UAE, Saudi Arabia is not as lucky

    MENA fund managers are still bullish on Egypt, UAE: Six out of 10 MENA fund managers polled by Reuters said they plan on increasing their exposure to Egypt, and five said the same about the UAE. Both countries’ markets have...
  • Sunday, 25 August 2019

    Egyptian bourse launches EGX30 Total Return Index

    Egyptian bourse launches EGX30 Total Return index: The Egyptian stock exchange has launched the EGX30 Total Return Index (EGX30 TR), which will account for dividends and prices together, according to a statement. The index is meant to help investors see...
  • Thursday, 1 August 2019

    Orascom Construction, Cleopatra Hospitals, now listed on rebalanced EGX30

    The composition of the EGX30 is a bit different this morning after the exchange swapped six companies in its regular rebalancing. The full rundown on the rebalancing is here (pdf).Who’s out: Global Telecom, GB Auto, the Arab Company for Asset...
  • Sunday, 7 July 2019

    EGX30 falls 4.3% in 2Q2019

    The EGX30 fell 4.3% y-o-y in 2Q2019, the Egyptian Bourse said in its quarterly report (pdf). Total market capitalization came in at EGP 756.1 bn at the end of the period, falling 7.4% y-o-y during the quarter. The total trade...
  • Sunday, 7 July 2019

    What we’re tracking on 2 July 2019

    The question of the day is whether we should expect new 95-octane fuel price changes this month. All signs seem to indicate the answer is “yes,” particularly as the local press is on high alert for any clues. We have...
  • Tuesday, 2 July 2019

    EGX30 falls 4.3% in 2Q2019

    The EGX30 fell 4.3% y-o-y in 2Q2019, the Egyptian Bourse said in its quarterly report (pdf). Total market capitalization came in at EGP 756.1 bn at the end of the period, falling 7.4% y-o-y during the quarter. The total trade...

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