Despite improving macro conditions and consumer spending behaviour, Pharos expects muted growth in Juhayna, Domty and Obour Land companies’ core product offerings caused by existing market maturity in their respective segments.
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Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
Upward movements within a transverse range await more new catalysts
18% decline in the company’s revenue in Q1FY20 as a result of lower number of containers dropping by 18%
Company considers sales of EGP 171m of its investments in Egyptian Iron & Steel
The company is in negotiations to manage investment funds with new ideas, announcing its first product next month: chairperson
Mixed bag for consumer stocks but weak for oil, fertilisers, and chemical producers
Helios Towers is EFG Hermes’s fifth IPO on the London Stock
Sharm Dreams Hotel to generate EGP 2bn of revenues, Al Fayourz resorts to output EGP 1.5bn
Naeem: the inflation reading adds further room to the CBE to continue on its path of monetary easing
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
The company has seen great interest from real estate developers, and the prospectus to be issued in December, says El-Deeb
Omran said the IPF will provide insurance coverage of the actual financial loss of member clients in the companies operating in the field of securities and financial instruments against non-commercial risks
EGAL saves about EGP 31m in production costs following gas price fall
Company estimates that Bay Village and Bay Condos will be completely delivered by 2023
In a clear turn of events, the EGX decided to suspend trading on 71 shares for 10 minutes, but this time because of the proportion of their gains exceeded the 5% barrier, unlike last week, when trading was suspended due to losses.
Qalaa Holdings is a company that works in energy, cement, agrifoods, transportation and logistics, mining, and printing and packaging.
The production capacity of the new line will be 270,000 pieces a day. Scheduled to start operation in February 2020, the new line will be Domty’s third bakery production line.
Lower interest rates will encourage investment borrowing, says Abu Basha
MPC meeting will end the bleeding of the stock market, says HC
Sending invitations to developers interested in management this week, prospectus to be offered in October, says El-Deeb
First time to suspend trading in the EGX 100 since 2016
The significance of the support level of 14,800 lies in the fact that it represents the previous two weeks’ low, and the neckline of a bearish short-term pattern. “Therefore, we will adopt a conservative viewpoint as long as the indices keep trading below the aforementioned level until the market proves the opposite,” Othman said.
Naeem raises target price on EFIC to EGP 13.4/share, upgrade its recommendation to Buy
NUCA, Palm Hills, Raya Holding closet to implementation
Ebtikar increased its stake in Masary to reach 54.9% by acquiring 9.1%
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) lost 760.1 bps to reach 19.6% vs. 27.2% for 1H19 and 1H18, respectively, affected by the increase in operating costs by 49% in 1H19.
Abou-El-Fotouh confirmed that MEDAF Investments has ambitious plans and aims to expand inside and outside Egyptian markets. He said, “The company is currently evaluating several investment opportunities, the details of which will be announced in due course.”
MERIS Ratings hired to rate Sukuk, promotional campaigns to launch soon, says Mohamed
New short Selling mechanism to be launched before end-November