Stocks traded on the Egyptian Exchange of the Small and Medium Enterprises (SMEs) – NILEX have ended this week with unsteady performance after trading in 8 stocks. On Thursday, 3 stocks steadied, 2 advanced; while 3 others declined. Al-Moasher for Programming and Information Dissemination (AMPI)’s stock led NILEX’s downwards, as the stock pushed down by 2.78% to end at EGP 1.05. Al-Moasher has also topped the traded value as it reached EGP 150.298 thousand distributed to 142.550 thousand securities exchanged through 12 transactions. Univert for Food Industries (UNFO)’s stock tumbled by 2.56% to close at EGP 0.76. Marseille Almasreia Alkhalegeya For Holding Investment (MAAL)’s stock also fell by 1.70% to conclude at EGP 4.04. On the contrary, Utopia Real Estate Investment and Tourism (UTOP)’s stock inched up by 0.42% to finish at EGP 7.09. Port Saied for Agricultural Development and Construction (PSAD)’s stock rose by 0.25% to conclude at EGP 4.07. Meanwhile, the stocks which remained with no change on Thursday were International Business Corporation For Trading and Agencies - IBC (IBCT) at EGP 6.85, BIG Trade and Investment (BIGP) at EGP 1.12, and Egypt Intercontinental for the manufacture of granite and marble EGY-STON (MISR) at EGP 4.21. More»

Egypt bourse has ended this week incurring losses of EGP 2.9 billion driven by local and non-Arab foreign selling pressures. The Egyptian Exchange's indices have closed on dark red notes on Thursday. Egypt’s benchmark index EGX30 sank by 1.35% to close at 5343.21 p; while the EGX20, it pushed down by 1.31% to end at 6130.32 p. Meanwhile, the mid- and small-cap index, the EGX70 inched down  by 0.63% to conclude at 447.41 p.  The price index EGX100 also dropped by 0.79% to finish at 751.5 p. The capital market has closed at EGP 360.783  billion on Thursday. During the closing session of Thursday, the trading volume reached 46.987 million securities, higher than of the closing session of Wednesday of 39.219 million securities, representing an increase of 7.768 thousand securities. For the traded value, it reached EGP 209.471 million, exchanged through 11.684 thousand transactions. More»

Egypt’s bourse has opened the sessions on Thursday incurring losses of EGP 2.15 billion driven by local and non-Arab foreign selling pressures. Accordingly, the bourse indices were wavering in dark red notes on Thursday morning. Benchmark EGX30 inched down by 1.15% to 5353.84 p. EGX20 also sank by 1.15% to 6140.58 p. Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.40% to 448.44 p.  Price index EGX100 tumbled by 0.62% to 752.77 p. The capital market has amounted to EGP 361.565 billion, according to data compiled by Amwal Al Ghad English at 11:23 a.m. Cairo time (09:23 GMT) during the opening session of Thursday. More»

Stocks traded on the Egyptian Exchange of the Small and Medium Enterprises (SMEs) – NILEX fell on Wednesday after trading in 4 stocks only. BIG Trade and Investment (BIGP)’s stock has led NILEX’s downwards as it dived by 4.27% to close at EGP 1.12. Marseille Almasreia Alkhalegeya For Holding Investment (MAAL)’s stock surged by 1.44% to conclude at EGP 4.11. The stock topped NILEX’s traded value as it reached EGP 183.400 thousand distributed to 44.610 thousand securities exchanged through 31 transactions. Additionally, Al-Moasher for Programming and Information Dissemination (AMPI)’s stock also inched down by 0.92% to close at EGP 1.08. Port Saied for Agricultural Development and Construction (PSAD)’s stock fell by 0.25% to conclude at EGP 4.06. More»

Egypt bourse has ended sessions on Wednesday posting gains of EGP 429 million backed by the release of the seven kidnapping army personnel in Sinai. The Egyptian Exchange's indices have closed on green notes on Wednesday. Egypt’s benchmark index EGX30 inched up by 0.17% to close at 5416.2 p; while the EGX20, it rose by 0.11% to end at 6211.83p. Meanwhile, the mid- and small-cap index, the EGX70 went up  by 0.34% to conclude at 450.26 p.  On the other hand, the price index EGX100 increased by 0.23% to finish at 757.47 p. The capital market has closed at EGP 363.714  billion on Wednesday. During the closing session of Wednesday, the trading volume reported declining levels of 39.219 million securities, less than the closing session of Tuesday of 59.016 million securities, representing a decrease of 19.797 thousand securities coinciding with the 4th day of adopting the stamp tax on the daily transactions. For the traded value, it reached EGP 212.241 million, exchanged through 10.845 thousand transactions. More»

Egypt bourse’s agreement with NYSE Liffe, the European derivatives business of NYSE Euronext, to list the EGX 30 index shall come into effect by the beginning of next June, 2013, said EGX chief on Tuesday. Dr. Mohamed Omran – the Chairman of the Egyptian Exchange (EGX) – noted that the agreement will enable NYSE Liffe to work with market participants to develop and launch a futures contract based on the EGX 30 index. "Futures contract on EGX 30 index will increase volumes on the underlying constituents of EGX 30 index, which will increase liquidity on EGX cash market," said Dr. Omran. "Furthermore, it will introduce for the first time a beneficial hedging tool for investors to manage their risks." Dr. Omran further mentioned  that "EGX values its business agreement with NYSE Euronext and looks forward to more joint projects with NYSE Euronext that create value for both parties". It worth noting that the EGX has signed another agreement with its Turkish counterpart Istanbul Stock Exchange (ISE) aiming to finalized the joint trading process within the upcoming period. More»

Egypt’s bourse has opened the sessions on Wednesday posting gains of EGP 810 million backed by the news about the release of the seven kidnapping army personnel in Sinai. Accordingly, the bourse indices were wavering in green notes on Wednesday morning. Benchmark EGX30 edged up by 0.41% to 5429.65 p. EGX20 also advanced by 0.48% to 6234.94 p. Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.39% to 450.48 p.  Price index EGX100 went up by 0.34% to 758.28 p. The capital market has amounted to EGP 364.095 billion, according to data compiled by Amwal Al Ghad English at 11:10 a.m. Cairo time (09:10 GMT) during the opening session of Wednesday. More»

Egypt bourse has ended sessions on Tuesday incurring further losses of EGP 925 million driven by the non-Arab selling pressures coinciding the third day of adopting the new stamp tax on the daily transactions. The Egyptian Exchange's indices have closed on red notes on Tuesday, except for the mid- and small-cap index, the EGX70 which solely advanced. Egypt’s benchmark index EGX30 tumbled by 0.46% to close at 5407.25 p; while the EGX20, it dropped by 0.56% to end at 6204.9 p. Meanwhile, the mid- and small-cap index, the EGX70 inched up  by 0.01% to conclude at 448.73 p.  On the other hand, the price index EGX100 fell by 0.19% to finish at 755.74 p. The capital market has closed at EGP 363.285  billion on Tuesday. During the closing session of Tuesday, the trading volume reported declining levels of 59.016 million securities, less than the closing session of Monday of 72.478 million securities, representing a decrease of 13.462 thousand securities. For the traded value, it reached EGP 239.684 million, exchanged through 11.229 thousand transactions. More»

Egypt’s bourse has incurred midday losses of EGP 895 million driven by the local sellers coinciding with the third day of adopting the new stamp tax on the daily transactions. The bourse indices were wavering in red notes during Tuesday noon, except for the mid- and small-cap index, the EGX70 which solely rose. Benchmark EGX30 edged lower by 0.50% to 5404.94 p. EGX20 also fell by 0.53% to 6206.75 p. Meanwhile, the mid- and small-cap index, the EGX70 rose by 0.06% to 448.94 p.  Price index EGX100 dropped by 0.15% to 756.07 p. The capital market has amounted to EGP 363.315 billion, according to data compiled by Amwal Al Ghad English at 13:37 p.m. Cairo time (11:37 GMT) during the midday session of Tuesday. More»

The Egyptian Exchange will reinstate the practice of buying and selling single stocks within the same daily trade session by the end of the week, bourse officials announced on Sunday. The ability to buy and sell a particular stock in the same trade session (T+0) was halted in February 2011 after the popular uprising that swept autocratic president Hosni Mubarak from power. In April, Reuters, citing Egyptian Financial Supervisory Authority head Ashraf El-Sharkawy, reported that plans to reinstate the practice came in an effort to boost market trade volumes. According to El-Sharkawy, the move is expected to increase the number of daily transactions by between 30 and 40 percent, thus alleviating the "huge liquidity problems" from which the exchange currently suffers. More»