| EGX 30 Index |
| Close |
5,407.25 |
| Net Change |
-24.90 |
| Pct Change |
-0.46% |
| Open |
N/A |
| High |
N/A |
| Low |
N/A |
| Prev Close |
5,432.15 |
| Volume ('000) |
N/A |
| Value ('000) |
N/A |
| Deals |
N/A |
| YTD Net Change |
-55.17 |
| YTD Pct Change |
-1.01% |
| Updated: |
21 May |
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| Cairo and Alexandria Stock Exchange (CASE) |
| Egypt Stock Exchange 30 Index (EGX 30 Index) |
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| Top National Business and Finance Headlines |
| Egyptian finance ministry's head of debt department resigns citing political interference |
| ABW - 20 May, 2013 |
| The Egyptian finance ministry's head of public debt department, Sami Khalaf, has resigned citing political interference in the ministry's day-to-day operations by the Muslim Brotherhood leaning Freedom and Justice Party (FJP) appointees, El Watan daily reported. |
| Egypt's reserves get USD 3bn boost from Qatar - report |
| ABW - 20 May, 2013 |
| Egypt's central bank international reserves received a USD 3bn boost from Qatar to be invested in a private placement of treasury bonds, Al Masry Al Youm daily reported citing a finance ministry source. The bonds will be priced at 3.5% interest rate carrying a 3-year maturity. |
| Egypt,France : SHELL S fuel network in Egypt acquired by TOTAL |
| ABW - 20 May, 2013 |
| Total announced the acquisition of Royal Dutch Shell s fuel retail network in Egypt, as a part of its expansion plan in the country and across the whole region.The company has not revealed the financial details or the terms of the transaction.A spokesman at Total said, Through this acquisition, we reaffirm our ambition to pursue our development in Africa and in the Middle East in the retail business. Total in an attempt to become the biggest gasoline retailer in Africa, has been trying to fortify its position. Currently it owns 70 fuel stations in Egypt representing 4% of the market share. |
| Al Watany Bank of Egypt posts 15.3 per cent growth in Q1 profits |
| ABW - 19 May, 2013 |
| Al Watany Bank of Egypt (AWB), the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, reported net profits of EGP 86.6 million in the first quarter of 2013 compared with EGP 75.1 million in the same period last year, an increase of 15.3 per cent year-on-year. |
| Egypt pound drops despite Qatar, Libya lifelines |
| ABW - 19 May, 2013 |
| Egypt's pound has continued its slump, hitting a new low against the US dollar despite recent foreign currency injections from Libya and Qatar and a relative improvement in tourism. The official exchange rate has reached LE7 against the dollar at commercial banks in Egypt, a rate unseen since 2003. "While Egypt has seen injections of foreign currency from Qatar and Libya in the past few weeks, the money has not filtrated through to the market to soothe the ever-rising demand," Mohamed Abu Basha, economist at EFG-Hermes investment bank, told Ahram Online. The supply of foreign currency, mainly from tourism, portfolio and direct investments, was hit hard by political turmoil that followed the popular uprising that toppled Hosni Mubarak two years ago. Egypt's ailing finances received considerable lifelines from friendly nations in recent weeks. Earlier in May, officials said Qatar had deposited $3 billion in the Central Bank of Egypt (CBE) for the purpose of buying treasury bonds at the rate of 3.5 percent. Last month, Libya deposited another $2 billion in the CBE which helped Egypt's foreign currency reserves to register their first increase in five months, recording $14.42 billion by the end of April. Such lifelines, however, have not prompted government intervention to rein in the exchange rate despite the repercussions of a weakening pound on inflation, which edged to 8.1 percent in the 12 months to April 2013. "The government already has many obligations in the coming period, such as debt repayment and buying diesel, especially in the summer," Abu Basha explained. "So I don't see it heavily intervening in the currency market now." Egypt depends on imports for most of its consumption as well as industry. CBE started to hold periodic foreign currency auctions to help conserve its foreign currency reserves, instead of freely injecting liquidity into the market. The shortage has hit small retailers and big businesses alike. Vodafone's Egyptian business, for one, has recently said it faces difficulties in buying network equipment and it has asked some suppliers to accept payment in Egyptian pounds due to foreign currency scarcity. A parallel market for US dollars has emerged in Egypt, where the exchange rate can be LE7.5 to the dollar or higher. The currency market is expected to remain tight notwithstanding any help from neighbouring nations or even signing the much-touted $4.8 billion loan from the International Monetary Fund, Abu Basha explained. "Until Egypt sees a recovery of investment and tourism, the foreign currency liquidity shortage will persist," he said. Egypt's tourism sector, traditionally a major generator of foreign liquidity, started to show signs of a healthy recovery with some 2.86 million visitors in the first quarter of 2013 - 14.4 percent more than in the corresponding period last year. The recovery, while much hailed by government officials, has yet to translate into higher revenues, mainly because tourism establishments have significantly lowered their prices to lure tourists. Earlier this week, Prime Minister Hisham Qandil said negotiations with the IMF to secure a loan for Egypt are nearing completion. The agreement is expected to unlock billion of dollars in loans and aid for Egypt. On Monday, Egypt's legislative body approved amendments to the income tax law as part of the measures the government is undertaking to qualify for the IMF loan. Country : Egypt Location : Cairo Expiry Date : 1900-01-01 Sectors : Economy/EconomyAll rights reserved. Neither the content of the Tenders Alert Service (TAS) nor any part of it may be reproduced, sorted in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, withoProvided by Syndigate.info an Albawaba.com company |
| Egypt Stocks Down |
| ABW - 19 May, 2013 |
| Egypt's stocks ended trading in the red with the main EGX30 index dropping 0.51 percent to close at 5,428 points. The market saw impressive gains on Wednesday gaining 1.1 percent on the back of favourable results announced by major real estate and telecommunication stocks. |
| French oil company buys Shell's fuel network in Egypt |
| ABW - 19 May, 2013 |
| French oil and gas company Total acquired Royal Dutch Shell's fuel retail network in Egypt(AFP Photo) |
| AWB - Al Watany Bank of Egypt, affiliated to the NBK - National Bank of Kuwait, announcing its net profits for the first quarter of 2013 reached L.E. 86.6 million marking 15.3 % increase above their level during the same quarter of 2012 put then at 75.1 |
| ABW - 19 May, 2013 |
| AWB - Al Watany Bank of Egypt, affiliated to the NBK - National Bank of Kuwait announced its net profits for the first quarter of 2013 have reached L.E. 86.6 million marking 15.3 % increase above their level during the same quarter of 2012 put then at 75.1 million. That was reported in the media quoting Dr. Yasser Hassan, AWB Managing Director, indicating that total assets by the end of the quarter reached L.E. 17.5 billion slightly down from L.E. 17.7 billion a year ago. Meanwhile total customers' deposits by the same date increased by 4.6 % to L.E. 13.7 billion up from L.E.13.1 billion a year ago. No mention was given to the development of the customers' total loans and credits by the end of the quarter. Worth indicating is that the NBK operates more than 170 branches around the globe.Country : Egypt Location : Country Wide Expiry Date : 2013-07-18 Sectors : Economy/Banking, Finance & InsuranceAll rights reserved. Neither the content of the Tenders Alert Service (TAS) nor any part of it may be reproduced, sorted in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, withoProvided by Syndigate.info an Albawaba.com company |
| Egypt's Commercial Int'l posts 30% jump in Q1 profit |
| ABW - 18 May, 2013 |
| Egypt's biggest listed bank Commercial International Bank (CIB) has posted a 30% year-on-year jump in its first-quarter consolidated net profit to EGP658m ($94.4m) as its interest margin widened, Reuters has reported. Revenue rose by an annual 40% to EGP1.61bn. Deposits grew by 9.3% during the quarter to EGP86.1bn, while lending rose 3% to EGP45.7bn. |
| Iran, Turkey, Egypt agree to create OPEC-style petrochemical forum |
| ABW - 18 May, 2013 |
| Azerbaijan, Baku, May.18/ Trend F.Karimov/ |
| Top Company Press Releases |
| For the 4th Consecutive Year MobiNil Renews ISO 14001 Certificate |
| MobilNil - 02 Sep, 2004 |
| Maintaining its leading position as the first telecom company to acquire ISO 14001 certificate in Egypt and the Middle East, The Egyptian Company for Mobile Services (MobiNil) has obtained an official renewal of the ISO 14001 for the fourth consecutive year. |
| CIB stock listed in Kuwait Stock Exchange |
| Commerial International Bank - 17 Aug, 2004 |
| Kuwait Stock Market approved the listing of Commercial International Bank(Egypt) shares in the Kuwaiti Stock Exchange |
| CIB MAINTAINS ITS LEAD |
| Commerial International Bank - 16 Aug, 2004 |
| For the eleventh consecutive year Euromoney Publications has voted CIB as "Best Bank in Egypt". Euromoney's decision is based on the following criteria : |
| MobiNil signs an agreement of cooperation with the French University in Egypt |
| MobilNil - 29 July, 2004 |
| In line with its role as one of Egypt’s leading corporate citizens, the Egyptian Company for Mobile Services "MobiNil" has signed an agreement of cooperation with the French University in Egypt |
| CIB Announces 1st Half 2004 Results |
| Commerial International Bank - 27 July, 2004 |
| CIB has ended the 1H 2004 with impressive results of LE 230.7 million representing 32.7% yoy growth. For the second quarter in a row, the constant and steady growth was obviously due to core business activities where; |
| CIB Acquires License for United Arab Emirates |
| Commerial International Bank - 03 July, 2004 |
| CIB is proud to announce that the Central Bank of the United Arab Emirates has granted CIB the license to open a representative office in the United Arab Emirates. |
| Eurogiro statement for press conference |
| Commerial International Bank - 01 July, 2004 |
| In continuation of CIB strategy the Commercial International Bank (Egypt) S.A.E. signed an agreement to connect to the Eurogiro Network on the 30th, of June 2004, and thereby became the first Egyptian member of the Eurogiro co-operation. |
| CIB stock listed in United Arab Emirates Stock Exchange |
| Commerial International Bank - 27 June, 2004 |
| United Arab Emirates Securities and Commodities Authority approved the listing of Commercial International Bank(Egypt) stock in one of Emirates stock exchange after complying and fulfilling all listing requirements. Currently the bank is in the process of being listed in other stock exchanges in the Gulf Area. |
| Notice to MIBank GDR Investors |
| Misr International Bank (MIBank) - 18 April, 2004 |
| In light of MIBank’s commitment to protecting the interest of all its shareholders equally, including foreign investors holding MIBank GDRs through the Bank of New York; MIBank’s management decided to unburden the Central Bank of Egypt by personally procuring the foreign currency resources needed to pay the dividends owed to foreign shareholders for the year 2003. |
| NSGB is pleased to announce that Vodafone has been added as a provider for the PortaBank Service. |
| National Societe General Bank (NSGB) - 28 Nov, 2002 |
| Making the service available to all mobile holders in Egypt regardless of their mobile network provider. Through PortaBank, NSGB customers can receive select banking information via their mobile telephones using SMS technology. This service is also accessible while customers are roaming abroad. |
| Top Economic Headlines |
| Turkey pumps $250m more in its credit line to Egypt |
| ABW - 20 May, 2013 |
| $300mln Loan from WB to Egypt |
| ABW - 19 May, 2013 |
| Finance minister requests aid from Saudi Arabia |
| ABW - 19 May, 2013 |
| Egypt offered further financial rescue facilities via a bond purchase by Qatar E1 |
| ABW - 16 May, 2013 |
| Egypt's political instability takes toll on its economy |
| ABW - 12 May, 2013 |
| Egypt given $3 billion Qatari deposit at 3.5 pct - official |
| ABW - 12 May, 2013 |
| MENA youth to struggle for jobs |
| ABW - 11 May, 2013 |
| Egypt seeking to join BRICS bloc |
| Xinhua News Agency - 10 May, 2013 |
| Egypt targets cutting budget deficit by nearly 50% |
| ABW - 07 May, 2013 |
| EGYPT-Currency, debt and downgrades |
| ABW - 29 April, 2013 |
| Switzerland signs a cooperation agreement with Egypt |
| African Press Organization - APO - 21 Jan, 2013 |
|
| Market Actives |
| Top 5 % Gainers |
21 May |
| ALRA.CA |
27.82 |
+2.05 |
+7.96% |
| EMOB |
129.00 |
+3.05 |
+2.42% |
| MPCO |
15.50 |
+0.33 |
+2.18% |
| MNHD |
24.50 |
+0.49 |
+2.04% |
| JUFO |
9.59 |
+0.17 |
+1.80% |
| |
| Top 5 % Losers |
21 May |
| SIMO |
7.43 |
-0.70 |
-8.61% |
| CERA |
23.84 |
-1.99 |
-7.70% |
| KWIN |
6.53 |
-0.31 |
-4.53% |
| DAPH |
9.57 |
-0.41 |
-4.11% |
| ELWA.CA |
15.73 |
-0.62 |
-3.79% |
| |
| Top 5 Volume |
21 May |
| OTMT |
17,003,720 |
| PHDC |
6,092,751 |
| NAHO |
5,066,588 |
| ORTE |
4,272,694 |
| HRHO |
3,168,082 |
| |
| Top 5 Value Traded |
21 May |
| COMI |
30,552,249.00 |
| HRHO |
29,435,362.00 |
| OCIC |
21,698,147.00 |
| ORTE |
20,173,175.00 |
| PHDC |
14,188,891.00 |
| |
| Advancers/Decliners |
21 May |
| |
#shares |
Value ('000) |
| Advances |
N/A |
N/A |
| Decliners |
N/A |
N/A |
| Unchanged |
N/A |
N/A |
| Not Traded |
N/A |
N/A |
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