{"id":652137,"date":"2017-01-02T04:06:19","date_gmt":"2017-01-02T04:06:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/"},"modified":"2017-01-02T04:06:19","modified_gmt":"2017-01-02T04:06:19","slug":"was-the-egx-the-best-or-the-worst-performing-bourse-in-2016","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/","title":{"rendered":"Was the EGX the best- or the worst-performing bourse in 2016?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Was the EGX the best- or the worst-performing bourse in 2016? <\/strong>In absolute terms, the EGX was up 74.1% (see graph, above, or <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/01\/EGX30-in-2016.xlsx\">download our XLSX<\/a> and check for yourself). But in USD terms, we\u2019re the second-worst globally \u2014 behind Nigeria and just ahead of Ghana, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2016-12-28\/here-are-the-best-and-worst-performing-assets-of-2016?cmpid=GP.HP\">Bloomberg<\/a> reports.Keep things in local currency and we\u2019re still not number one: Venezuela nudges us out of the top spot with a 114% gain, while the EGX30 would close the year in second spot and Peru would be third. The three best-performing bourses in the world, the business information service tells us, are Brazil, Kazakhstan and Peru. The EGX released last week its annual report, <a href=\"https:\/\/enterprise.press\/stories\/2016\/12\/28\/the-egx-annual-report\/\">claiming to have been the world\u2019s best-performing market<\/a> in 2016.<\/p>\n<p>One thing is unarguable, though: At the official exchange rate, <strong>the EGP was the world\u2019s worst-performing currency last year<\/strong>, followed by Suriname\u2019s currency and the Venezuelan Bolivar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Was the EGX the best- or the worst-performing bourse in 2016? In absolute terms, the EGX was up 74.1% (see graph, above, or download our XLSX and check for yourself). But in USD terms, we\u2019re the second-worst globally \u2014 behind Nigeria and just ahead of Ghana, Bloomberg reports.Keep things in local currency and we\u2019re still [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":652138,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"775ed30d-e60a-4557-bf09-98a07644ccbd","order":"0","is_powered_by":true,"section_story_id":"8267c7f1-e89d-4a43-a631-6a77472306dc","story_type":"1","photo_url":"https:\/\/ent.news\/2017\/1\/1274.png","photo_position":"above","related_issue":[652122],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Was the EGX the best- or the worst-performing bourse in 2016? - 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\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Was the EGX the best- or the worst-performing bourse in 2016?\" \/>\n<meta property=\"og:description\" content=\"Was the EGX the best- or the worst-performing bourse in 2016? In absolute terms, the EGX was up 74.1% (see graph, above, or download our XLSX and check for yourself). But in USD terms, we\u2019re the second-worst globally \u2014 behind Nigeria and just ahead of Ghana, Bloomberg reports.Keep things in local currency and we\u2019re still [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-02T04:06:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/1\/1274.png?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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Was the EGX the best- or the worst-performing bourse in 2016?\",\"datePublished\":\"2017-01-02T04:06:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/\"},\"wordCount\":159,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/1\/1274.png?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/\",\"name\":\"Was the EGX the best- or the worst-performing bourse in 2016? 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- EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/was-the-egx-the-best-or-the-worst-performing-bourse-in-2016\/","og_locale":"en_US","og_type":"article","og_title":"Was the EGX the best- or the worst-performing bourse in 2016?","og_description":"Was the EGX the best- or the worst-performing bourse in 2016? 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The benchmark EGX 30 index ended 2022 up 22%,\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/6.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570053,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/egx-sell-off-continues-as-shares-fall-7\/","url_meta":{"origin":652137,"position":1},"title":"EGX sell-off continues as shares fall 7%","author":"enterpriseam admin","date":"17 March 2020","format":false,"excerpt":"The selloff on the EGX continued yesterday, tripping circuit breakers yet again: The sell-off on the EGX continued at pace yesterday, with the benchmark EGX30 index finishing 7.1% in the red and the wider EGX100 falling more than 6%. CIB, the EGX30 heavyweight, closed down 6.7%. Qalaa Holdings and El\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600674,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/egx-comes-out-on-top-in-january-beating-msci-em-and-msci-fm-indices\/","url_meta":{"origin":652137,"position":2},"title":"EGX comes out on top in January, beating MSCI EM and MSCI FM indices","author":"enterpriseam admin","date":"6 February 2019","format":false,"excerpt":"Egypt was the top-performing MENA market in January, beating the MSCI EM and MSCI FM indices, Shuaa Securities say in their monthly briefing. The EGX 30 gained 10% in USD terms, beating Saudi Arabia and the MSCI EM which both rose 9%. Telecoms led the charge, rebounding from being the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":595313,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/egx-has-worst-day-since-2016-after-weekend-protests\/","url_meta":{"origin":652137,"position":3},"title":"EGX has worst day since 2016 after weekend protests","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"The EGX turned in its worst showing since 2016 yesterday as investors dumped shares following two nights of protests in Egyptian cities. The benchmark EGX30 index fell 5.32%, while the wider EGX100 closed down nearly 5.7%, its worst single-day decline since 2012. Chemical, real estate, and basic materials companies were\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/845.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592841,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/efg-hermes-tops-egyptian-bourse-brokerage-league-table-in-october\/","url_meta":{"origin":652137,"position":4},"title":"EFG Hermes tops Egyptian bourse brokerage league table in October","author":"enterpriseam admin","date":"7 November 2019","format":false,"excerpt":"EFG Hermes topped the EGX\u2019s brokerage league table for October with a market share of 18.5%, according to figures released by the EGX (pdf). Arqaam came in second with an 11.5% market share, followed by CI Capital (6.2%), Beltone (5.3%), Pioneers (4.2%), and Pharos (3.9%).","rel":"","context":"In &quot;Speed Round&quot;","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":652656,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/meet-the-best-and-worst-performing-funds-of-2016\/","url_meta":{"origin":652137,"position":5},"title":"Meet the best- and worst-performing funds of 2016","author":"enterpriseam admin","date":"16 January 2017","format":false,"excerpt":"Meet the best- and worst-performing funds of 2016, per the Financial Times using data from Morningstar. Half of the top 20 losers were health or biotech equities funds, and the biggest losers were a sterling fund and another that made \u201cbig bets on a collapse in markets that did not\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=652137"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652137\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/652138"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652137"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652137"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}