A slight rise of stock indexes and twice as sharp in morning trading
Egyptian Stock Exchange
Rose main stock index, "Egy X 30 " during trading the first hour of trading Tuesday, up limited by 0.11%, and the index of medium and small companies, "Egy X 70 " by 0.09%, while the index fell "Egy X 100" broader By 0.22%.
Witnessed many of the shares rises significantly during the first trading day, and the Pioneers led by shares, which rose by up to 10%, despite the lack of the number of shares purchased (100 shares), an indicator of a serious weakness of the trading volume in the market.
Shares of Arab investments, and development by 8.4% for the same reason, the shares rose Ezz Steel rose 1.9%, and the shares of Egyptian Resorts by 7.3%, and contributed to the castle of investments by 1.1%, and Orascom Telecom rose 0.50%, while shares in Sixth of October SODIC 5.5%.
Witnessed many of the shares rises significantly during the first trading day, and the Pioneers led by shares, which rose by up to 10%, despite the lack of the number of shares purchased (100 shares), an indicator of a serious weakness of the trading volume in the market.
Shares of Arab investments, and development by 8.4% for the same reason, the shares rose Ezz Steel rose 1.9%, and the shares of Egyptian Resorts by 7.3%, and contributed to the castle of investments by 1.1%, and Orascom Telecom rose 0.50%, while shares in Sixth of October SODIC 5.5%.
Index "Dow Jones" earns 46 points
Stock Exchange, "Wall Street" of America
Stock Exchange concluded the "Wall Street"of America, trading the trading session yesterday, Monday, the beginning of the week, in the Green Zone, and the rise of a mass of key indicators, and gain the Dow Jones industrial average 45.94 points, to close at 12684.70 points, an increase of 0, 36%.
The benchmark Standard & Poor's 500 "S & P 500" broader, by 6.09 points, to settle at 1346.29 points, an increase of 0.45%.
The Nasdaq Composite Index "Nasdaq" and the technology-laced, trading higher by 15.69 points, to reach the level of 2843.25 points, an increase of 0.55%.
The benchmark Standard & Poor's 500 "S & P 500" broader, by 6.09 points, to settle at 1346.29 points, an increase of 0.45%.
The Nasdaq Composite Index "Nasdaq" and the technology-laced, trading higher by 15.69 points, to reach the level of 2843.25 points, an increase of 0.55%.
Expert: Doctors strike is ineffective on the stock market
Egyptian Stock Exchange
Said Sameh Abu Arais President of the Arab Society for Technical Analysis, that the strike of doctors to demand the resignation of the Minister of Health and Hospital Insurance is moving in a negative on the stock market today as long as no harm source of income a key, demonstrating that what happened in the market during the ignition fire of sectarian strife in Imbaba recently where Down the main index of the Stock Exchange "Egy X 30 " rate of 1% and re-echo to the top of the next day, which shows the scene of sit-ins back in Egypt.
The Abu Arais that although the stock market is a mirror of the political events in the country, but that investors in Egyptian Stock Exchange since the outbreak of the revolution and the resumption of the resumption of stock market accustomed to circumstances in Egypt and even country-wide, with happened to have some kind of adjustment with the current situation, and became Their investments are managed under the state of sit-ins and strikes.
The Abu Arais, that the direction of the market today will be on the same vein, which refers to the transverse direction accompanied by some minor fluctuations up and down, moving the cursor where the main point range between 4900 and 5000 points, with the continuing decline in trading volumes.
The Abu Arais that although the stock market is a mirror of the political events in the country, but that investors in Egyptian Stock Exchange since the outbreak of the revolution and the resumption of the resumption of stock market accustomed to circumstances in Egypt and even country-wide, with happened to have some kind of adjustment with the current situation, and became Their investments are managed under the state of sit-ins and strikes.
The Abu Arais, that the direction of the market today will be on the same vein, which refers to the transverse direction accompanied by some minor fluctuations up and down, moving the cursor where the main point range between 4900 and 5000 points, with the continuing decline in trading volumes.
"Industry" to refrain from Cement Company to grant 13 new production licenses
Industry Minister Samir Sayyad
13 companies from the cement companies entered into a dispute with the Ministry of Industry and Foreign Trade, arrived at the courts, for the Ministry's failure to grant such licenses to new companies and required them to enter history in the absence of energy available to them.
The source said, both parties forward appeals against the other, but that the ministry has had 9 provisions in their favor against the Companies: The Egyptian Company for Urban Development Company, the Pharaohs of Cement Clinker and Cement Company, the Orient, and Cement Company valley and the Delta Electronics Group and Misr International and Modern Cement Midikum Aswan, in addition To the International Company for Cement.
4 companies and got a ruling in their favor, the Delta Cement and international development and investment and global cement and South Valley.
This comes against the backdrop of the gap that exposed the Egyptian market by the year 2017, which increase the rate of consumption to 77 million tons, while Egypt produces 60 million tonnes during the current period.
The ministry postponed the granting of new licenses for cement companies, due to lack of energy and dedicated to new projects and directions of its energy imports, but it has not yet decided.
The source said, both parties forward appeals against the other, but that the ministry has had 9 provisions in their favor against the Companies: The Egyptian Company for Urban Development Company, the Pharaohs of Cement Clinker and Cement Company, the Orient, and Cement Company valley and the Delta Electronics Group and Misr International and Modern Cement Midikum Aswan, in addition To the International Company for Cement.
4 companies and got a ruling in their favor, the Delta Cement and international development and investment and global cement and South Valley.
This comes against the backdrop of the gap that exposed the Egyptian market by the year 2017, which increase the rate of consumption to 77 million tons, while Egypt produces 60 million tonnes during the current period.
The ministry postponed the granting of new licenses for cement companies, due to lack of energy and dedicated to new projects and directions of its energy imports, but it has not yet decided.