Aggregated News From Investment Management Regulators

The Value of Capital Increase was 7 Billion EGP within the first two months of 2017

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• Market Capitalization of listed companies was 589 billion EGP by the end of February  2017 with a rise by 50% within a year 
• EFSA: Total trading was 72 billion pounds within two months
• Transactions of Arabs and foreigners (net buying) amounted to 2 billion pounds within the first two months of 2017
•  Trading value  in Nile Exchange in the first two months of 2017 was 197 million EGP , three times the last year

Sherif Samy – EFSA’s Chairman stated that the number of approvals on issuing capital increase shares in the first two months of 2017  amounted to 747 approvals with a value of 17.8 billion pounds, in which an amount of 7 billion pounds is paid.  In this respect, the value of capital increase witnessed a rise by 1.3billion EGP representing 24% compared to the first two months of last year.
Sherif Samy explained that the market capitalization of listed shares was amounted to 589 billion pounds with a rise of 50% by the end of February 2016. In addition to this, the main stock index (EGX30) witnessed a rise by 94% when compared the closure of February 2017 to the same period last year.

Sherif Samy noted that the total trading value of listed and delisted shares during the first two months of 2017 reached about 72 billion pounds, compared with   total trading value of 39.6 billion pounds during the same period last year. The total value of trading on bonds (government – corporate) was about 1.24 billion pounds during the first two months of 2017, representing an increase by 82%.

Market capitalization of Nile Stock Exchange (Nilex) stood at 1.28 billion pounds compared to 980 million pounds in the same period last year with a rise by 31%. The trading value of Nile Stock Exchange (Nilex) was 197 million EGP compared to 57 million EGP at the same period last year.
EFSA’s Chairman noted that transactions held on the listed certificates of ETFs were 15.5 million EGP within the first two months of 2017 compared to 5 million EGP last year.

 On the other hand, transactions of Arabs and foreigners (net buying) amounted to 2 billion pounds during the first two months of 2017.

The number of licenses granted by EFSA during January and February   was 824 in capital market, including 206 licenses for participating in the establishment of companies.
The total number of those who passed the tests held by EFSA in the first two months of 2017 was 40 applicants compared to 54 in the same period last year.

Complaints:
 from the beginning of 2017, there were 96 complaints under study. Within the first two months of 2017, EFSA has received 49 complaints against brokerage companies. The number of existing complaints rises to 145 compared to 143 by the end of February 2016. Within February, EFSA has examined 41 complaints, and the number of complaints under study was 104. 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, 32 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 6 cases and reconciliation in 15 cases
 

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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