Egyptian Exchange sees bearish trend on Tuesday
The Egyptian Exchange’s (EGX) indices closed Tuesday’s trading session in the red zone.
1M | 3M | YTD | 1Y | 2Y |
+2.79% | +7.07% | +27.02% | +30.06% | +168.97% |
Value Traded (Mln EGP) 4,581.95 |
Volume 1,910,865,625 |
Transactions 125,627 |
Market Cap. (Bln EGP) 2,368.57 |
The Egyptian Exchange’s (EGX) indices closed Tuesday’s trading session in the red zone.
The Egyptian Cabinet announced, on February 8th, 2023, that it will offer 32 state-owned companies and banks for sale through Initial Public Offerings (IPOs) or to strategic investors; this process will take place within a year starting from Q1 2023 to Q1 2024.
TaQa Arabia Company intends to float its shares on the Egyptian Stock Exchange (EGX) during 2023, according to the company’s Chairman, Khaled Abu Bakr.
The Egyptian Cabinet is looking forward to offering shares in up to 32 companies for sale on the Egyptian Exchange (EGX), to strategic investors, or a mix of both, according to a Cabinet statement on February 8th.