Cairo – Mubasher: Shares of Elsewedy Electrical posted the will increase on the Egyptian Inventory Trade after the Monetary Regulatory Authority introduced that it had obtained a proposal to accumulate 24.45% of the corporate. The corporate’s shares jumped 20% to 44.41 kilos per share. The efficiency of the inventory coincided with a rise within the … Read more
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Gold Prices Rise on Global Stock Market Amid Uncertainty and Economic Data Disappointment
Cairo – Mubasher: Gold prices on the global stock market rose by 2.6%, to a value of $59, in the trading week that ended yesterday afternoon, Friday, supported by expectations of an increase in capacity interest rates lowered after disappointing US economic data, with gold investors awaiting next week’s inflation data. Saeed Embabi, CEO of … Read more
Top Tech Stocks Surge While Disney and Tesla Shares Plummet in Late Trading
Just: Major technology stocks, such as “Alphabet,” “Meta,” and “Apple,” rose in late trading on Tuesday, while shares of “Nvidia” fell after the “Wall Street Journal” newspaper reported that “Apple ” developing its own chip to run programs. Trading also saw a decline in Walt Disney stock 10% in Tuesday’s session to the lowest levels … Read more
Gold Prices Fall on World Stock Market amid US Interest Rate Expectations – Weekly Update
Cairo – Mubasher: Gold prices on the world stock market fell 1.5 percent, at a value of $ 36, during trading in the week ending yesterday afternoon, Friday, which was affected by reducing expectations of a cut early in US interest rates. Saeed Embabi, CEO of the “iSagha” platform for online gold and jewelry trading, … Read more
Saudi Paper Manufacturing Company Approves Profit Distribution and Capital Increase – April 2024
Riyadh – Mubasher: An extraordinary general assembly of shareholders of the Saudi Paper Manufacturing Company (Paper Industry), approved at their meeting on Thursday, April 25 2024Profits for the third quarter of 2023, and capital increase by issuing bonus shares. The company explained, in a statement on “Tadawul” Today, Sunday, the proposal of the Board of … Read more