Tag Archive for 'Egyptian Exchange'

Egyptian Exchange holds workshops with mutual funds to boost liquidity

The Egyptian Exchange (EGX) is busy with workshops for mutual funds and investment banks, aiming to boost trading volumes through better communications between market participants and listed companies.

Egypt’s Nilex exchange for SMEs adds 23rd listing

The Egyptian Exchange (EGX) has approved the listing of the 23rd company on Nilex (the Nile Exchange, its securities market for listing growing medium and small companies.

Egypt aims for 800,000 jobs

The short-term challenge for the Egyptian Government is to mobilize domestic and foreign investment to create 800,000 jobs. This was the energizing call from Hesham Kandil, the Prime Minister of Egypt, opening the 16th African Stock Exchanges Association conference in Cairo 2012 #ASEA2012 today (3 Dec).

Live from Cairo, launch of African Stock Exchanges Association conference

Launch today (3 Dec) of the 16th annual conference of the African Stock Exchanges Association, hosted by The Egyptian Exchange (EGX). This is the great annual gathering of Africa’s stock exchange leaders, visionaries, regulators, IT specialists, investors and many others.

African SE Association announces 2012 conference will be 2-4 Dec in Cairo

The Egyptian Exchange (EGX) has announced the 16th annual general meeting and flagship conference of the African Securities Exchanges Association (ASEA). This is the top conference for Africa’s capital markets. It will be Cairo on 2-4 December 2012.

Revolution at Egyptian Exchange – innovations to boost liquidity

The Egyptian Exchange is to introduce new products and trading innovations, including remote orders placed abroad, exchange-traded funds (ETFs), intraday trades and short selling. Mohamed Abdel Salam, chairman of the Exchange, says transparency is up and political uncertainty down in Egypt.

Egyptian Exchange opens, hit by giant wave of selling

The Egyptian Exchange opened today at 10:30am after nearly 2 months, and was immediately swamped with a flood of selling, which saw the index plunge nearly 10% and trading halted a few minutes after the exchange opened. After a regulated halt, the EGX 30 Benchmark slowly edged up before drifting through to close at 5,142.71 after a further 2 hours, down 8.9% on the day.

Egyptian Exchange again fails to reopen, bonds and GDR prices fall

The Egyptian Exchange has failed to meet another self-imposed deadline to reopen on 6 March, and investors are increasingly unhappy. In a statement on 3 March the stock exchange said the delay was linked to the resignation of Prime Minister Ahmed Shafik.

Investors worry as Egyptian Exchange again delays reopening

Investor confidence in Egypt is likely to be further undermined after officials again delayed the reopening of the Egyptian Exchange from today (1 March). It was announced late on Monday that trading would not start today at 10:30am but would again be put off until Sunday, 6 March. There have been repeated delays to the reopening.

Egyptian Exchange to start trading tomorrow (1 Mar)

The Egyptian Exchange is set to reopen tomorrow (1 March) after it closed on 27 Jan. in the popular uprising that saw President Hosni Mubarak resign on 11 Feb. It was due to open earlier, but delayed because strikes were devastating the banks on which it relies for clearing and settlement. Some selling is anticipated.