Latest news with #EGX
Zawya
2 days ago
- Business
- Zawya
Egypt: EGX shows positive performance on Wednesday
Arab Finance: The Egyptian Exchange (EGX) closed Wednesday's trading session on a positive note after the EGX30 index rose by 1.24% to 33,002.85 points. The Sharia-compliant index, EGX33 Shariah index, went up by 1.34% to 3,426.57 points. Both the EGX70 index and the EGX100 index ended the session higher by 2.10% at 9,811.41 points and by 1.96% at 13,344.47 points, respectively. The trading value hit EGP 5.439 billion through the exchange of 1.787 billion shares in 129,284 transactions, while the market cap reached EGP 2.339 trillion. Arab and foreign traders accounted for 6.6% and 3.42% of the trading transactions, respectively. The Egyptian investors took over 89.98%. Individuals controlled 77.31% of the total trading, while the institutions represented 22.68%. Egyptian and foreign investors were buyers with EGP 58.616 million and EGP 34.698 million, respectively. The Arab traders were sellers with EGP 93.314 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
Egypt: Thndr rolls out Alpha to support first-time investors
Arab Finance: Thndr, an investment platform operating in the MENA region, has launched Thndr Alpha, a new product aimed at helping users take their first step into investing through a simplified, guided experience, as per an emailed press release. Alpha is intended for individuals who want to begin investing but are uncertain about how to start, a common concern among Thndr's user base. In 2024, Thndr facilitated the entry of over 190,000 new investors into the Egyptian Exchange (EGX), accounting for 82% of all new retail investor registrations that year. With Alpha, the company is expanding its focus on making investment options more accessible and easier to navigate. Thndr Alpha offers a personalized process where users answer three questions related to their goals, risk tolerance, and time horizon. Based on these inputs, they receive a suggested Starter Pack, a pre-selected portfolio that includes equities, gold, and fixed income assets. The portfolios are generated by Rumble, Thndr's in-house investment engine. Each recommendation includes an explanation to help users understand the purpose of each asset and how it aligns with their stated preferences. Users also have the option to adjust their portfolios, review past performance, and invest directly through the Thndr app. Alpha is now available to all Thndr users, with additional features and guided options expected to be introduced later this year. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Electro Cable registered 15.6% YoY fall in Q1 2025 consolidated profits
Electro Cable Egypt recorded 15.61% year-on-year (YoY) lower consolidated net profits attributable to the owners of the parent company at EGP 451.712 million in the first quarter (Q1) of 2025, the financial results showed. The generated net profits were compared with EGP 535.328 million in Q1 2024. Earnings per share (EPS) fell to EGP 0.14 in Q1 2025 from EGP 0.16 in Q1 2024. Consolidated net sales hiked to EGP 3.723 billion from EGP 3.072 billion. As for the standalone financials, the EGX-listed firm registered an annual decline in net profit to EGP 80.424 million during the January-March 2025 period, compared to EGP 167.531 million. Non-consolidated sales jumped to EGP 1.700 billion in Q1 2025 from EGP 1.552 billion a year earlier, while the EPS went down to EGP 0.021 from EGP 0.042. In 2024, the consolidated net profits attributable to equityholders of Electro Cable Egypt increased by 6.39% YoY to EGP 1.327 billion from EGP 1.248 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: EFG Hermes completes advisory on Vaiu's EGX listing
Arab Finance: EFG Hermes, an EFG Holding company, concluded advisory on the listing of U Consume Finance (valU) on the Egyptian Exchange (EGX) under the ticker valu, according to a press release. The listing was implemented through an innovative in-kind dividend distribution, where EFG Holding distributed 20.488% of Valu's share capital to its shareholders, as of the record date, June 12th, 2025. On its debut, Amazon acquired a 3.95% direct stake in valU for a price per share of EGP 6.041 and the share price witnessed a positive performance, closing at EGP 7.4 per share. EFG Hermes acted as the sole financial advisor for EFG Holding and valU in both the EGX listing and Amazon's stake acquisition. Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: 'We believe this landmark transaction shall serve as a positive catalyst for the revival of activity on the stock exchange.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: EGX ends Tuesday's session with collective gains
Arab Finance: The Egyptian Exchange (EGX) closed Tuesday's trading session in the green zone after the EGX30 index climbed by 3.76% to 32,598.55 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, went up by 3.04% to 3,381.35 points. Both the EGX70 index and the EGX100 index ended the session higher by 3.39% at 9,610.02 points and by 3.36% at 13,088.48 points, respectively. EGX's trading value reached EGP 6.267 billion through the exchange of 1.935 billion shares in 128,446 transactions, while the market cap totaled EGP 2.311 trillion. Arab and foreign traders represented 6.75% and 6.33% of the trading transactions, respectively. The Egyptian investors controlled 86.91%. Retail investors took over 73.9% of the total trading, while the institutions equaled 26.09%. Egyptian and foreign investors were buyers with EGP 78.275 million and EGP 31.416 million, respectively. The Arab traders were sellers with EGP 109.69 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
