{"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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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":652656,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/meet-the-best-and-worst-performing-funds-of-2016\/","url_meta":{"origin":652137,"position":1},"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":[]},{"id":578475,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/the-egx-was-the-middle-easts-best-performer-in-2022\/","url_meta":{"origin":652137,"position":2},"title":"The EGX was the Middle East\u2019s best performer in 2022","author":"enterpriseam admin","date":"2 January 2023","format":false,"excerpt":"The EGX dethrones the ADX as the region\u2019s best-performing stock market: The EGX was the best-performing stock market in the Middle East in 2022 thanks to a bull run in 4Q sparked by the IMF agreement that erased losses, Reuters reports. 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":3},"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":635522,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/egx-considering-allowing-venture-capital-funds-to-list-on-the-bourse\/","url_meta":{"origin":652137,"position":4},"title":"EGX considering allowing venture capital funds to list on the bourse","author":"enterpriseam admin","date":"6 December 2017","format":false,"excerpt":"VCs and the EGX? The EGX is considering allowing venture capital funds to list shares and trade them on the bourse, EGX boss Mohamed Farid said on Tuesday. The move aims to help SMEs improve access to funding, Farid added, according to Al Mal.","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":635468,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/egx-will-allow-margin-trading-on-etfs-in-february-2018\/","url_meta":{"origin":652137,"position":5},"title":"EGX will allow margin trading on ETFs in February 2018","author":"enterpriseam admin","date":"5 December 2017","format":false,"excerpt":"REGULATION WATCH- The EGX will allow margin trading on ETFs in February 2018, said EGX head Mohamed Farid on Monday, according to Ahram Gate. The move would be part of a string of new products and instruments the bourse is planning on launching soon, including derivatives and short-selling. We noted\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}]}}