Shares
The new methodology for calculating the intraday closing price of shares is based on the 30-minute time-moving “Moving VWAP” weighted average.
On February 7, Orascom Investment Holding Company submitted a request to the Egyptian Exchange (EGX) to stop dealing in the company's shares as of the beginning of the trading session next Thursday.
As per standalone results, the bank marked a profit of LE 9.55 billion in 2018, compared to LE 7.55 billion in 2017, with an increase 26.55 percent.
All three major indexes ended down more than 2 percent the day before the Christmas holiday.
Asian share markets ticked up on Monday as investors cautiously could allay concerns about slowing global economic growth.
SoftBank will set a final offering price on Dec. 10 with shares set to begin trading on Dec. 19.
“For the near term, the two are very closely correlated,” Katz said.
Apple warned earlier this month that holiday sales would miss Wall Street expectations, blaming the fall on weakness in emerging markets and foreign exchange costs.
The share of CIB reacted positively with the results as it rebounded 1.63 percent by 10:45 a.m. (CLT), gaining LE 1.31 to hit levels of LE 81.88.
Shares roar higher on U.S.-China trade deal hopes.
The effects of the global bond selloff that took U.S. 10-year bond yields to seven-year highs this week were exacerbated by economic growth concerns stemming from trade conflicts and $80-per-barrel oil.
“We will offer another block of companies over a period of between six and nine months after the end of the first phase of five company offerings,” Tawfik added.
Strategists have previously said corporate earnings growth should be a result of capital business expenditure and not the current trend of stock buybacks.
U.S. stock index opened higher on Monday as reports of planned trade talks between the United States and China raised hopes of a potential resolution to their trade spat.
The Dow Jones Transport Average .DJT jumped 2.3 percent, its biggest daily advance in three months.
McDonald’s shares fell 1.4 percent after-hours on Thursday.
Spreadbetters expected European stocks to open higher, with Britain’s FTSE gaining 0.3 percent, Germany’s DAX adding 0.35 percent and France’s CAC 0.4 percent.
Washington proposed the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement, senior administration officials said on Tuesday.
“The reaction of the dollar has been very interesting this week,” said State Street Global Markets head of macro strategy Michael Metcalfe.
U.S. and European equity markets looked set to follow Asia into the red. S&P 500 futures ESc1 were off 1 percent and Dow Jones futures 1YMcv1 were 1.1 percent lower.
