Aggregated News From Investment Management Regulators

The Value of Capital Increase was 74.5 billion pound during ten months of 2017

Report/Flag

Please complete the required fields.



• Dr. Omran : Market Capitalization of listed companies was 785 billion EGP and  Total trading  was 274 billion EGP by the end of October  2017
• The Egyptian Exchange main index rise by 16% from the beginning of 2017
• Net buying of non- Egyptians at the Exchange  was more than 465 million EGP in ten months during 2017

FRA’s Chairman announced that the number of approvals on issuing capital increase shares within ten months during 2017 amounted to 4044 approvals with an issued value of 111.7 billion pounds, in which an amount of 74.5 billion pounds was paid, compared to 3363 approvals in the same period last year with an issued capital of 71.1 billion EGP in which 28.6 billion EGP was paid . 

He added that the market capitalization of listed shares was amounted to 785 billion pounds by the end of October 2017 with a rise of 90% compared to the same period last year. In addition to this, the main stock index (EGX30) witnessed a rise by 16% from the beginning of the year with a rise by 71% upon comparing the closure of October 2017 to the closure of the same period last year.

Dr. Mohammed Omran noted that the total trading value of listed and delisted shares during from the beginning of the year until October 2017 reached about 274 billion pounds, compared with   total trading value of 197 billion pounds during the same period last year representing an increase by 39%. In addition, Transactions of Arabs and foreigners (net buying) amounted to 465.93 billion pounds during October 2017 that is after excluding the deals. The total value of trading on governmental bonds was about 14.8 billion pounds within ten months of 2017.

During ten months in 2017,  FRA  granted 14 new  licenses for  companies operating in capital market , including 5 licenses for mutual funds management and 3 licenses for  participating in the establishment of companies issuing securities  and 3 licenses for portfolio management  activity and 3 licenses for financial consultations. In this respect, total number of granted licenses from the beginning of the activity until the end of October 2017 was 836 licenses in capital market for 748 companies.

The total number of those who passed the tests held by FRA during ten months in 2017 was 224 applicants compared to 220 in the same period last year.

 The Authority held 153 inspections on companies operating in capital market, including 41 unscheduled inspections and 36 inspections for verification.
 

Source link

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

Recent Articles

Aktualisierte Sanktionsmeldung

Das Staatssekretariat für Wirtschaft (SECO) hat eine Änderung der Verordnung vom 2. Oktober 2000 über Massnahmen gegenüber Personen und Organisationen mit Verbindungen zu Usama...

STOCKSBIT FXTRADES

This firm may be providing financial services or products without our authorisation. You should avoid dealing with this firm and beware of potential scams. Almost...

Remittance Advice against : Pawan Kumari Agarwal [Defaulter] PAN: ABOPA5019J in the matter of Sulabh Engineers & Services Limited., under Recovery Certificate No. 6619...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the Remittance Advice here: Source link "

Completion of Recovery Certificate No. 6684 of 2023 dated June 15, 2023 issued against Shreya Stocks & Shares Pvt. Ltd. (Now known as Omesh...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the details here: Source link "

Release Order – Shreya Stocks & Shares Pvt. Ltd. (Now known as Omesh Skill & Business Development Private Limited) [Defaulter] PAN: AAHCS4970M in the...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the Order here: Source link "

Get the latest from Regulatory.News in your inbox!

×