{"id":577496,"date":"2022-11-24T04:03:31","date_gmt":"2022-11-24T04:03:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/"},"modified":"2022-11-24T04:03:31","modified_gmt":"2022-11-24T04:03:31","slug":"egx-melt-up-receives-coverage-in-bloomberg","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/","title":{"rendered":"EGX melt-up receives coverage in Bloomberg"},"content":{"rendered":"

On a slow morning in the foreign press, the EGX\u2019s bull run is getting attention<\/strong> from Bloomberg<\/a>, which notes that the benchmark EGX30 has soared 47% from its July low, helped by last month\u2019s currency float<\/a> and announcement of a USD 3 bn IMF bailout.<\/p>\n","protected":false},"excerpt":{"rendered":"

On a slow morning in the foreign press, the EGX\u2019s bull run is getting attention from Bloomberg, which notes that the benchmark EGX30 has soared 47% from its July low, helped by last month\u2019s currency float and announcement of a USD 3 bn IMF bailout.<\/p>\n","protected":false},"author":1,"featured_media":577497,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[68,72,119],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-egx","tag-enterpriseam","tag-financial-markets","wpautop","entry"],"acf":{"mongo_id":"74605968-794a-4072-bfee-866261d81801","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/389.jpg","photo_position":"above","related_issue":[577477],"teaser":"","voice_url":""},"yoast_head":"\nEGX melt-up receives coverage in Bloomberg - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX melt-up receives coverage in Bloomberg\" \/>\n<meta property=\"og:description\" content=\"On a slow morning in the foreign press, the EGX\u2019s bull run is getting attention from Bloomberg, which notes that the benchmark EGX30 has soared 47% from its July low, helped by last month\u2019s currency float and announcement of a USD 3 bn IMF bailout.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-24T04:03:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/389.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX melt-up receives coverage in Bloomberg\",\"datePublished\":\"2022-11-24T04:03:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/\"},\"wordCount\":51,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/389.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGX\",\"EnterpriseAM\",\"Financial Markets\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/egx-melt-up-receives-coverage-in-bloomberg\/\",\"name\":\"EGX melt-up receives coverage in Bloomberg - 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The move is part of several new financial tools and instruments the exchange plans to launch in the near future. Farid also briefly\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597454,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/egx-considers-listing-african-bond-etf\/","url_meta":{"origin":577496,"position":2},"title":"EGX considers listing African bond ETF","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"The EGX could list an exchange-trade fund containing sovereign bonds issued by eight African countries under plans put forward by the African Development Bank (AfDB), the bank said in a statement. The EGX and AfDB last week organized an investor roundtable to discuss listing the African Domestic Bond Fund \u2014\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548242,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/","url_meta":{"origin":577496,"position":3},"title":"FRA could double EGX freefloat requirements to boost liquidity","author":"enterpriseam admin","date":"1 August 2022","format":false,"excerpt":"FRA could double EGX freefloat requirements: The Financial Regulatory Authority (FRA) is studying the possibility of increasing the minimum freefloat requirement for EGX-listed companies to 10% of their total shares, up from a current 5%, FRA Chairman Mohamed Omran told CNBC Arabia yesterday. The FRA chief says the move would\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/99.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594727,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/05\/short-selling-coming-to-the-market-before-year-end\/","url_meta":{"origin":577496,"position":4},"title":"Short selling coming to the market before year-end","author":"enterpriseam admin","date":"5 September 2019","format":false,"excerpt":"Expect short selling to be activated before year end: Short selling is set to be activated before year-end, EGX Chairman Mohamed Farid told Bloomberg TV (watch; runtime 6:18) and Reuters in two separate interviews. \u201cBefore the end of the year we are going to see short selling up and running\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/Mohamed-Farid-EGX-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631721,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/abou-kir-fertilizers-stock-rally-may-be-running-out-of-steam-bloomberg\/","url_meta":{"origin":577496,"position":5},"title":"Abou Kir Fertilizers stock rally may be \u201crunning out of steam\u201d \u2013Bloomberg","author":"enterpriseam admin","date":"26 March 2018","format":false,"excerpt":"The rally in Abou Kir Fertilizers and Chemical Industries\u2019 shares may soon come to an end, Tamim Elyan and Filipe Pacheco write for Bloomberg. 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