Update 112:12 pm CLT
The EGX Hitted by the CD's Rates announced by the National Banks of Egypt and Banque Misr of 25% for a year to reach EGX30 14,601 points coming from its previous close of 15,068 by 11:00 am CLT. to rebound again to 15,231 by 12:12 pm CLT
To rebound for a new rally backed by the currency Devaluation as the USD/EGP exchange Rate reached EGP25.35 on average at the local banks, creating a new wave of New 52 Week Price Highs for the leading stocks at EGX30 by 12:02 pm CLT.
ABUK: EGP 44.09
ESRS: EGP 27.19
MFPC:EGP 152
ALCN:EGP 21.77
More Through the link for our market screener
The rally came in line with the EGX Chairman's view during his press conference yesterday when he assured several times that the Egyptian stock exchange is the best hedge for currency devaluation.
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
Comments