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The CASE 30 is an index of the Cairo & Alexandria Stock Exchange in Egypt. It includes the 30 most active stocks in the Egyptian stock market , weighted to their market capitalization. The index was started with a base level of 1000 as of January 01, 1998.
The start date of the index was on 2/1/1998 with a base value of 1000 points. EGX 30 index value is calculated in local currency terms and denominated in US dollars since 1998. EGX started publishing its dollar denominated index on 1 March 2009. EGX 30 index includes the top 30 companies in terms of liquidity and activity.
The Central Bank of Egypt is the national reserve bank and controls and regulates the financial market and the Egyptian pound. There is a State regulatory authority for the Cairo Stock Exchange. State-owned or Nationalized banks still account for 85% of bank accounts in Egypt and around 60% of the total savings.
Banque Misr (Arabic: بنك مصر) is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960.
The Egyptian stock exchange plummeted 6.25% following the beginning of the Egyptian revolution of 2011 on the 25th of January. [5] [6] It closed at the end of trading on 27th of January after the benchmark EGX 30 Index (EGX30) plunged 16 percent that week amid the uprising. The exchange reopened on the 23rd of March after being closed for ...
In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
Egypt withdrew the operating licenses of 16 tourism companies and referred them to the public prosecutor, accusing them of being responsible for the deaths of Egyptian pilgrims in Mecca, a crisis ...
Hence the Egyptian and Turkish units split from each other in value, with the Egyptian unit continuing its exchange value of 97.5 piastres to the pound sterling. In 1885, Egypt went into a purely gold standard , and the Egyptian pound unit, known as the juneih , was introduced at E£1 = 7.4375 grammes of fine gold.