Thailand is expected to keep benchmark interest rates on hold this week, CNBC said, according to the consensus view of strategists.

Nile Stock Exchange records an increase of 0.14% on Tuesday, 18 September 2018 recording 456.28 points on the shares of 12 companies during the 596 thousand shares executed over 151transactions; the total value traded recorded 492 thousand. Total Market Cap LE 380 thousand

COMPANY NAMEP.C.CLOSE%CHGVALUE (LE)VOLUMETRADESMARKET CAP (LE MILLION)
Marseille Almasreia Alkhalegeya For Holding Investment
2.22.2005,2502,5001132
The Egyptian Modern Education Systems
1.241.24015,81112,8551139
MISR INTERCONTINENTAL FOR GRANITE & MARBLE (EGY-STON)
550875175143
Barbary Investment Group ( BIG)
0.80.845195,110232,7883525
International Company For Fertilizers & Chemicals
1.061.0609,3419,000324
Al Moasher for Programming and Information Dissemination
0.390.3907,40018,50024
International company For Medical Industries -ICMI
0.640.61-4.6957,43393,562915
Brothers Solidarity For Real Estate Investment&Food Security
1.81.80018,66610,783197
Arab Development & Real Estate Investment
0.380.3806,59017,342222
M.B Engineering
0.530.5307,88015,000435
Genial Tours
2.062.164.85139,19364,4465110
Arabian Rocks Plastic Industries
0.240.24028,008118,8531324

EGX 30 index closed at 14653.91 points recording 0.02% gain, EGX 50 index closed at 2325.55 points recording 0.46%loss, EGX 20 index closed at 14112.92 points recording 0% loss, EGX 70 index closed at 720.82 points recording0.37% loss, while EGX 100 index closed at 1839.6 points recording 0.21% loss on Tuesday, 18 September 2018.

The total value traded recorded LE 1,375,162 billion while the total volume traded reached 213,886and 24,908 transactions. Total Market Cap LE 814,959,900,322.

For (Cairo Poultry) records 6.25% gains and closed at LE (6.46) followed by (El Ezz Porcelain (Gemma)) which 5.36% gains and closed at LE (11.79).

On the other hand (Alexandria Cement) records (9.02) % loss and closed at LE (5.45) followed by (El Obour Real Estate Investment) recording 8.76% loss and closed at LE (6.35).


The Egyptians controlled 84.31% of the value traded during the day recording net purchases of 62,646,705.Non-Arab foreign investor's accounted 12.72 recording net sales of LE 67,335,801, while Arab investor's captured 2.97% after excluding deals recording net purchases of LE 4,689,095.The institutions accounted for 68.44% of the value traded, while the 31.55% were for the individuals.

Company Name : Egyptian Iron & Steel
ISIN Code : EGS3D061C015
Reuters Code : IRON.CA
Content : Release from the company regarding the AGM to be held on 10/10/2018

The Release (316 KB)

The Ministry of Finance is currently studying the conditions of the Asian markets, with the aim of identifying the possibility of issuing international bonds in the coming months, in light of the rising cost of domestic borrowing and the withdrawal of investments from emerging markets.

The Ministry of Planning, Follow-up and Administrative Reform announced the provision of LE 5.4 billion of government investment for the troubled investment projects in the financial plan for the year 18/2019, for 315 projects of the troubled projects in the ministries.

The feasibility study of the National Cement Company revealed whether or not the cost of re-operating is 2.5 billion pounds, with a capacity of 1.2 million tons per year, as an initial scenario.

The Egyptian Financial Supervisory Authority (EFSA) has decided to reduce services for companies listed on the Egyptian Stock Exchange and the Nile Stock Exchange to reduce the financial burdens on companies listed on the stock exchange and to encourage the registration of new companies in order to activate the trading market on securities.

The Egyptian Minister of Trade and Industry for Industry Affairs stressed that the cement industry in Egypt is one of the oldest industries. He added that the Egyptian market has a production capacity and a surplus capable of meeting the needs of the market and executing export contracts.

Minister of Commerce and Industry Eng. Amr Nassar said that the construction and building materials sector represents one of the most important export sectors in the Egyptian economy

Saudi Arabia’s Public Investment Fund (PIF) has executed an investment agreement for more than $1 billion with US-based electric automaker Lucid Motors through a special-purpose vehicle wholly owned by PIF.


Under the terms of the agreement, the parties made binding undertakings to carry out the transaction subject to regulatory approvals and customary closing conditions.

The transaction represents a major milestone for Lucid and will provide the company with the necessary funding to commercially launch its first electric vehicle, the Lucid Air in 2020. Lucid plans to use the funding to complete engineering development and testing of the Lucid Air, construct its factory in Casa Grande, Arizona, begin the global rollout of its retail strategy starting in North America, and enter production for the Lucid Air.

Lucid's mission is to inspire the adoption of sustainable energy by creating the most captivating luxury electric vehicles, centered around the human experience.

"The convergence of new technologies is reshaping the automobile, but the benefits have yet to be truly realized. This is inhibiting the pace at which sustainable mobility and energy are adopted. At Lucid, we will demonstrate the full potential of the electric connected vehicle in order to push the industry forward," said Peter Rawlinson, chief technology officer of Lucid.

Lucid and PIF are strongly aligned around the vision to create a global luxury electric car company based in the heart of Silicon Valley with world-class engineering talent. Lucid will work closely with PIF to ensure a strategic focus on quickly bringing its products to market at a time of rapid change in the automotive industry.

A spokesperson for PIF said: "By investing in the rapidly expanding electric vehicle market, PIF is gaining exposure to long-term growth opportunities, supporting innovation and technological development and driving revenue and sectoral diversification for the Kingdom of Saudi Arabia."

The spokesperson added: "PIF's international investment strategy aims to strengthen PIF's performance as an active contributor in the international economy, an investor in the industries of the future and the partner of choice for international investment opportunities. Our investment in Lucid is a strong example of these objectives."

PIF seeks to become one of the largest and most impactful sovereign wealth funds in the world, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia.

Headquartered in Silicon Valley, California, Lucid's mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. – Trade Arabia News Service

Money Control
The merged entity will have a combined business of Rs 14.82 lakh crore and a market share of about 6.8 percent by loans.


In an attempt to clean up the NPA mess in the banking sector, the Modi government on September 17 announced a proposal to merge three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank.

The combined lending entity will be India's third largest globally competitive bank, Rajeev Kumar, Secretary - Department of Financial Services, Ministry of Finance, told reporters in a press conference.

Also read — Banks merger a progressive step: Ficci

The merged entity will have a combined business of Rs 14.82 lakh crore and a market share of about 6.8 percent by loans, according to data as of March 2018, making it the third largest bank in the system, according to a Moody's report.


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According to the government's estimates, net non-performing assets (NNPA) ratio of the combined entity will be at 5.71 percent, which will be significantly better than public sector banks (PSBs) average of 12.13 percent. Also, Capital Adequacy Ratio (CRAR) will be at 12.25 percent, which will be "significantly" above the regulatory norm of 10.875 percent.

Also read — PSU banks correct sharply after govt announces merger of Vijaya Bank, Dena Bank and BoB

In terms of deposits, the new entity will have deposits worth Rs 8.54 lakh crore if we look at the annual deposits with the three lenders as of March 2018.

If we combine the assets of these three banks, the asset worth of the new entity will be Rs 10.18 lakh crore. In terms of penetration, the newly merged entity will have the second highest number of branches with a total of 9,475 branches across the country.

State Bank of India (SBI) has the highest number of branches at 22,414.

Also read — Govt proposes merger of Bank of Baroda, Dena Bank and Vijaya Bank

The employee strength of the new entity would jump to over 84,000 after the merger if the three lenders retain their existing employees as of March 2018.

The merged entity will, however, require capital support from the government to improve their capitalisation profile, Moody's Investors Service VP (Financial Institutions Group) Alka Anbarasu said.

Also read — Opinion | You can't wish away deep-rooted systemic problems by merging PSU banks

Moody's said Bank of Baroda and Vijaya Bank have relatively better credit metrics than Dena Bank in terms of asset quality, capitalisation and profitability.

While the potential merger is a bold move by the government ahead of the general elections next year, it comes with its own set of challenges. The merged entity may face challenges on business integration, technology, culture and people management and a possible opposition by trade unions.

Also read — Bank of Baroda, Vijaya Bank, Dena Bank merger: NPAs, integration, union protests to pose challenges

Brokerage firms believe that the first key challenge will be the management of employees where Bank of Baroda has been hiring professionals from outside the organisation. But there are some key positives for the merged entity including likely steady asset quality ratios post-merger, unlikely compromise on capital position for the merged entity, expected improvement in market share among others.

The move follows top lender State Bank of India last year merging with itself five of its subsidiary banks and taking over Bharatiya Mahila Bank, a niche state-run lender for women.

Money control
A portfolio manager is a person or group that advises or directs or undertakes on behalf of a client, the management of a portfolio of securities or the funds of the client.
The total assets handled by portfolio managers surged by 12 percent to Rs 14.8 lakh crore at the end of August, mainly on the back of increase in number of clients.

A portfolio manager is a person or group that advises or directs or undertakes on behalf of a client, the management of a portfolio of securities or the funds of the client.

According to data available with the market regulator Sebi, total assets under management (AUM) of portfolio managers were at Rs 14.79 lakh crore at the end of last month against Rs 13.24 lakh crore in August-end last year, registering a gain of Rs 1.55 lakh crore or 12 percent.

In July this year, the asset base of portfolio managers stood at Rs 14.71 lakh crore.


Besides, the number of clients rose to 1,34,068 from 95,946 during the period under review.

Portfolio managers handled assets worth Rs 12.08 lakh crore for discretionary services, besides Rs 1.91 lakh crore for advisory services and over another Rs 97,000 crore for non-discretionary investments during the period under review.

Within the discretionary services category, such managers handled debt to the tune of Rs 10.7 lakh crore, followed by listed as well as unlisted equity (Rs 1.1 lakh crore), mutual funds (Rs 12,500 crore) and equity derivatives (Rs 680 crore).

Trading value for Tuesday 18 September 2018 reached USD 1.52 million. 171,830 shares were traded through 29 transactions.

During the session 8 instrument(s) were traded, the prices of 1 instrument(s) rose, the prices of 4 instrument(s) decreased, while the prices of 3 instrument(s) remained unchanged.

The Stock Capitalization of the listed companies increased by 0.11% to reach USD 9,776 million, against USD 9,765 million for the previous session.

Trading value for Tuesday 18/09/2018 reached JD(2.5) million. (2.6) million shares were traded through (1,875).

The shares price index closed at (2005.16) point, an increase of (0.34%).

The shares of (101) companies were traded, the shares prices of (31) companies rose, and the shares prices of (28) declined.

At the sector level, the Financial index increased by 0.56%, the Industrial index decreased by 0.13%, and the Services index decreased by 0.05%.

As for sub sector indices, the Diversified Financial Services, Banks, Pharmaceutical and Medical Industries, Chemical Industries, Utilities and Energy, Educational Services, Insurance, Food and Beverages sectors increased by 0.77%, 0.62%, 0.38%, 0.28%, 0.25%, 0.11%, 0.05%, 0.04% respectively. While the Media, Technology and Communication, Mining and Extraction Industries, Transportation, Hotels and Tourism, Textiles, Leathers and Clothings, Engineering and Construction, Real Estate, Commercial Services, Tobacco and Cigarettes sectors decreased by 3.03%, 1.04%, 0.51%, 0.50%, 0.40%, 0.28%, 0.26%, 0.12%, 0.09%, 0.01% respectively.

The top five gainers were, the Emmar Investments & Realestate Development by (7.69%), Arab East For Real Estate Investments Co by (6.54%), National Aluminium Industrial by (5.00%), Jordanian Expatriates Investment Holding by (4.92%), and Int'l Arabian Development And Investment Trading Co. by (4.17%).

The top five losers were, South Electronics by (7.14%), El-zay Ready Wear Manufacturing by (6.25%), Arab Aluminium Industry /aral by (5.82%), Al- Sharq Investments Projects(holding) by (4.56%), and Jordan Decapolis Properties by (4.55%).