Aggregated News From Investment Management Regulators

The Value of Capital Increase was 22 Billion EGP in the first half of 2017

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• Market Capitalization of listed companies was 694 billion EGP by the end of June 2017 with a rise by 81 % within a year. 
• EFSA: Total trading was 185 billion pounds in the first half of 2017
• Transactions of Arabs and foreigners (net buying) amounted to 7 billion pounds by the end June 2017
• Trading value in Nile Exchange in the first half of 2017 was412 million EGP representing growth by 17%

Sherif Samy – EFSA’s Chairman stated that the number of approvals on issuing capital increase shares by the end of June 2017 amounted to 2304 approvals with a value of 43.5 billion pounds, in which an amount of 21.5 billion pounds is paid.  In this respect, the paid-up capital witnessed a rise by 35%.

Sherif Samy explained that the market capitalization of listed shares was amounted to 694 billion pounds with a rise of 81% by the end of June 2017. In addition to this, the main stock index (EGX30) witnessed a rise by 93% when compared the closure of June 2017 to the same period last year. Also, (EGX70) witnessed an increase by 85% within the same period.

Sherif Samy noted that the total trading value of listed and delisted shares in the first half  of 2017 reached about 185 billion pounds, compared with   total trading value of  129 billion pounds during the same period last year representing an increase by 44%. The total value of trading on bonds (government – corporate) was about 9 billion pounds during the first half of 2017.

Market capitalization of Nile Stock Exchange (Nilex) stood at 1.14 billion pounds compared to 1.2 billion pounds in the same period by the end of June  2016 with a decline by 4.7%% in a year. The trading value of Nile Stock Exchange (Nilex) was 412 million EGP compared to352 million EGP at the same period last year , witnessing an increase by 17%.

EFSA’s Chairman noted that transactions held on the listed certificates of ETFs were 42 million EGP in the first half of 2017 compared to 24 million EGP last year, representing a rise by 74%.

 On the other hand, transactions of Arabs and foreigners (net buying) amounted to 7 billion pounds from the beginning of the year until the end of June .

During the first six months of 2017, the number of licenses granted by EFSA was 832 in capital market, including 209 licenses for participating in the establishment of companies.
The total number of those who passed the tests held by EFSA in the first half of 2017 was 132 applicants compared to 149 in the same period last year.

Complaints:
From the beginning of the year, EFSA has examined 96 complaints.  From the beginning of the year until June 2017, EFSA has received127 complaints within this period EFSA has reviewed 118 complaints and the number of complaints under study was 105. 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, 67 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 13 cases and reconciliation in 59 cases.
 

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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