Latest news with #EgyptianExchange
Egypt Today
3 days ago
- Business
- Egypt Today
EGX breaks its green streak by closing Wednesday trading on a mixed note
Cairo – May 28, 2025: The Egyptian Exchange (EGX) broke its green streak by closing today's session with a mixed performance. Benchmark index EGX 30 was up by 0.3 percent during Wednesday's session, reaching 32,493.89 points. The Shariah index slipped by 0.07 percent to end the session with 3,342.37 points. EGX 70 dropped by 0.46 percent to hit 9,471.42 points, followed by EGX 100 declining by 0.37 percent to close the session with 12,914.67 points. Wednesday trading reported over 1.322 billion shares exchanged with a turnover of LE 4.944 billion. Market capitalization was recorded at LE 2.2859 trillion. Trading on securities saw Egyptian and Arab investors as net sellers with LE 33.2 million and LE 9.1 million, respectively. Foreign investors were net buyers with LE 42.3 million. The top gains of the session were by October Pharma which climbed by 16.35 percent, Misr National Steel – Ataqa by 7.41 percent, and The Egyptian Modern Education Systems by 7.09 percent.
Egypt Today
4 days ago
- Business
- Egypt Today
Stock market in the green with strong performance on Tuesday
Cairo – May 27, 2025: The Egyptian Exchange (EGX) closed in its mid-week session in the green, with the Market capitalization recorded at LE 2.2,819 trillion. Benchmark index EGX 30 surged by 1.49 percent to reach 32,397.38 points. The Shariah index jumped by 1.98 percent to hit 3,344.55 points. EGX 70 was up by 0.93 percent to close the session with 9,515.52 points, followed by EGX 100 which climbed by 1.04 percent to reach 12,962.63 points. Tuesday trading reported over 1.406 billion shares exchanged with a turnover of LE 5.162 billion. Trading on securities saw Egyptian and foreign investors as net sellers with LE 13.1 million and LE 50.06 million, respectively. Arab traders were the sole net buyer with LE 63.23 million. The top gains of the session were by Misr National Steel – Ataqa which was up by 10.09 percent, Raya Holding For Financial Investments by 7.22 percent, and Beltone Holding by 6.76 percent.
Egypt Today
6 days ago
- Business
- Egypt Today
Stock market trading kickstarts week with positive performance, maintaining a 4-day green streak
Cairo – May 25, 2025: The Egyptian Exchange (EGX) continues its positive performance from last week, closing Sunday's session with a now 4-day green streak. Benchmark index EGX 30 was up by 0.15 percent to end the session with 32,023.89 points. The Shairah index increased by 0.19 percent to reach 3,275.13 points. EGX jumped by 0.66 percent to close the session with 9,452.08 points, followed by EGX 100 rising by 0.61 percent to reach 12,854.25 points. Sunday trading reported over 1.374 billion shares exchanged with a turnover of LE 4.24 billion. Market capitalization hit LE 2.2567 trillion. Trading on securities saw Egyptian investors as the lone net buyer with LE 206.4 million. Arab and foreign traders were net sellers with LE 179.7 million and LE 26.7 million, respectively. The top gains of the session General Silos & Storage which jumped by 13 percent, Misr National Steel – Ataqa by 7.91 percent, and Iron And Steel for Mines and Quarries by 6.93 percent. The largest losses of the session were by Gogreen for Agricultural Investment which dropped by 5.88 percent, Sues Canal Company For Technology Settling by 5.85 percent, and The Arab Dairy Products Co. Arab Dairy – Panda by 3.84 percent.
Egypt Today
22-05-2025
- Business
- Egypt Today
Stock market continues to rally as it closes week with green streak
Cairo – May 22, 2025: The Egyptian Exchange (EGX) continues to rally, closing the week with a 3-day green streak. Benchmark index EGX 30 was up by 0.44 percent to hit 31,975.63 points. The Shariah index rose similarly, rising 0.4 percent to reach 3,268.79 points. EGX 70 climbed by 0.75 percent to close the session with 9,389.83 points, followed by EGX 100 jumping by 0.69 percent to reach 12, 776.68 points. Thursday trading reported 1.741 billion shares exchanged with a turnover of LE 13.506 billion. Market capitalization rose to record LE 2.2476 trillion. Egyptian and Arab investors were net sellers during the session with LE 21.282 billion and LE 237.2 million, respectively. Foreign traders were the sole net buyers with LE 21.519 billion. The top gains of the session were by Upper Egypt Flour Mills which surged by 16.69 percent, East Delta Flour Mills by 12.41 percent, and Universal For Paper and Packaging Materials (Unipack) by 11.97 percent. The US dollar continued to slip against the Egyptian Pound, with a modest drop since Wednesday's close, hitting its lowest rate in the past few months. The LE is currently LE 49.89 against the greenback, down from yesterday's close of LE 49.93. (May 22, 3 PM). Since the start of the current month, the USD had been facing a consecutive downward trend, losing nearly LE 1.8 in recent weeks.
Zawya
22-05-2025
- Business
- Zawya
Bonyan intends to proceed with IPO on EGX
Arab Finance: Bonyan for Development and Trade is planning to proceed with its initial public offering (IPO) and list its shares on the Egyptian Exchange (EGX), according to a press release. Currently, the company is in the process of obtaining the required approvals for the IPO, including the approval of the public subscription notice (PSN) and any other from the Financial Regulatory Authority (FRA). Subject to obtaining the relevant regulatory approvals and prevailing market conditions, the offering is expected to take place in the second quarter (Q2) of 2025. The IPO is expected to consist of a secondary sale of shares by Sky Realty Holding Limited of up to 551.333 million ordinary shares on the EGX, representing up to 33.33% of the company's share capital. The offering will include an institutional offering, a placement to certain qualified investors, and a retail offering, both will be issued at the same price per share. Bonyan has appointed CI Capital Investment Banking and Arqaam Capital to serve as global coordinators and bookrunners for the offering. Meanwhile, Mubasher Capital Holding for Financial Investments will act as a placement agent. Maatouk, Bassiouny and Hennawy have been appointed as counsel to the issuer in the offering. On his part, Bonyan's Executive Chairman, Shamel Aboul Fadl, commented: 'We believe this IPO will address a fundamentally underpenetrated and underrepresented market in Egypt while helping Bonyan further enhance its portfolio and, consequently, its market-leading position across the real estate investment sector.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
