Aggregated News From Investment Management Regulators

The Value of Capital Increase was 12 Billion EGP within the first four months of 2017


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• Market Capitalization of listed companies was 649 billion EGP by the end of March 2017 with a rise by 57 % within a year. 
• EFSA: Total trading was 127 billion pounds within the first four months of 2017
• Transactions of Arabs and foreigners (net buying) amounted to 4.8 billion pounds by the end April 2017
• Trading value in Nile Exchange in the first four months of 2017 was 335 million EGP representing growth by 47%

Sherif Samy – EFSA’s Chairman stated that the number of approvals on issuing capital increase shares by the end of April 2017 amounted to 1517 approvals with a value of 27.4 billion pounds, in which an amount of 11.9 billion pounds is paid.  In this respect, the paid-up capital witnessed a slight decline by6%.

Sherif Samy explained that the market capitalization of listed shares was amounted to 655 billion pounds with a rise of 57% by the end of April 2016. In addition to this, the main stock index (EGX30) witnessed a rise by 60% when compared the closure of April 2017 to the same period last year.

Sherif Samy noted that the total trading value of listed and delisted shares during the first four months of 2017 reached about 127 billion pounds, compared with   total trading value of  88 billion pounds during the same period last year representing an increase by 44%. The total value of trading on bonds (government – corporate) was about 3.9 billion pounds during the 3rd Quarter of 2017.

Market capitalization of Nile Stock Exchange (Nilex) stood at 1.23 billion pounds compared to 1.2 billion pounds in the same period by the end of April 2016 with a rise by 3% in a year. The trading value of Nile Stock Exchange (Nilex) was 335 million EGP compared to 229 million EGP at the same period last year , witnessing an increase by 47%.

EFSA’s Chairman noted that transactions held on the listed certificates of ETFs were 27 million EGP within the first four months of 2017 compared to 22 million EGP last year.
 On the other hand, transactions of Arabs and foreigners (net buying) amounted to 4.8 billion pounds from the beginning of the year until the end of April.

During the first four months of 2017, EFSA granted license for 6 companies and so, the number of licenses granted by EFSA was 828 in capital market, including 208 licenses for participating in the establishment of companies.

The total number of those who passed the tests held by EFSA in the third quarter of 2017 was 93 applicants compared to 108 in the same period last year.

 From the beginning of the year, EFSA has examined 96 complaints.  From the beginning of the year until April 2017, EFSA has received 94 complaints within this period EFSA has reviewed 82 complaints and the number of complaints under study was 108. It is worth mentioning that after examining complaints, it is found that most of them are relate to blanket orders, selling through an agent, buying and selling by taking funds from the company exceeding the financial capacity of the client without taking into account margin trading conditions, forced selling to pay off debts and dealing on the account through the Internet.

Filing Criminal Lawsuits:
 With regard to filing criminal lawsuits related to violating Capital Market Law and its Executive Regulations, 57 cases were filed and investigated. This included  cases related to allegation of forgery, companies’ manipulation, clients’ manipulation, cases related to financial statements beside other legal violations. Also, it was decided not to take investigation procedures in 12 cases and reconciliation in 40 cases.

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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