Aggregated News From Investment Management Regulators

The Value of Capital Increase was 9.5 Billion EGP in the first quarter of 2017

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• Market Capitalization of listed companies was 655 billion EGP by the end of March 2017 with a rise by 60% within a year. 
• EFSA: Total trading was 105 billion pounds within the first quarter of 2017
• Transactions of Arabs and foreigners (net buying) amounted to 3.4 billion pounds within the first quarter of 2017
•  Trading value  in Nile Exchange in the first quarter of 2017 was 284 million EGP

Sherif Samy – EFSA’s Chairman stated that the number of approvals on issuing capital increase shares in the first quarter of 2017  amounted to 1151 approvals with a value of 23.3 billion pounds, in which an amount of 9.5 billion pounds is paid.  In this respect, the value of capital increase witnessed a rise by 6 billion EGP representing 35% compared to the first quarter of 2016.whereas the paid-up capital witnessed a slight decline by 4%.

Sherif Samy explained that the market capitalization of listed shares was amounted to 655 billion pounds with a rise of 60% by the end of March 2016. In addition to this, the main stock index (EGX30) witnessed a rise by 72% when compared the closure of March 2017 to the same period last year.
Sherif Samy noted that the total trading value of listed and delisted shares during the first quarter of 2017 reached about 105 billion pounds, compared with   total trading value of 68 billion pounds during the same period last year. The total value of trading on bonds (government – corporate) was about 2.1 billion pounds during the first quarter  of 2017, representing an increase by 55%.
Market capitalization of Nile Stock Exchange (Nilex) stood at 1.3 billion pounds compared to 1.1 billion pounds in the same period last year with a rise by 21%. The trading value of Nile Stock Exchange (Nilex) was 284 million EGP compared to 101 million EGP at the same period last year.

EFSA’s Chairman noted that transactions held on the listed certificates of ETFs were 23 million EGP within the first quarter of 2017 compared to 19 million EGP last year.

 On the other hand, transactions of Arabs and foreigners (net buying) amounted to 3.4 billion pounds during the first quarter of 2017.
The number of licenses granted by EFSA during the first three months of 2017    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 first quarter of 2017 was 74 applicants compared to 83 in the same period last year.

Filing Criminal Lawsuits:
With regard to filing criminal lawsuits related to violating Capital Market Law and its Executive Regulations, 48 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 11 cases and reconciliation in 29 cases.
 

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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