Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Egypt
  4. Egyptian Exchange
  5. Beltone Financial Holding SAE
  6. News
  7. Summary
    BTFH   EGS691G1C015

BELTONE FINANCIAL HOLDING SAE

(BTFH)
  Report
SummaryChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Egyptian stocks fall after Ethiopia announces second dam filling

07/06/2021 | 01:01pm EDT

CAIRO, July 6 (Reuters) - Egypt's main stock index fell by almost 2% on Tuesday, a dip that analysts linked to Ethiopia's announcement that it had begun filling the reservoir behind its giant hydropower dam for a second year.

Egypt's main index was down 10,155 points, or 1.80%, at close of trading.

"What's happening are fear transactions by individual investors," said Rania Yacoub, chair of the board of directors of Three Way Brokerage. "There are no other reasons for the decline except the Renaissance Dam."

Ethiopia says the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile is crucial to its economic development and providing power to its population while Egypt views the dam as a grave threat to its Nile water supplies.

Egypt, as well as Sudan, had demanded that Ethiopia come to a binding agreement in advance of the second filling.

Beltone shares dropped 6% and Pioneers Holding was down 4.9%, while El Sewedy Electric was down 3.9%, and Fawry was down 3.1%.

(Reporting by Ehab Farouk Writing by Malaika Tapper; Editing by Aurora Ellis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BELTONE FINANCIAL HOLDING SAE -1.26% 1.729 End-of-day quote.-32.46%
EL SEWEDY ELECTRIC COMPANY -1.74% 8.46 End-of-day quote.-13.76%
FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENTS S.A.E. -2.97% 16 End-of-day quote.-38.77%
PIONEERS HOLDING COMPANY FOR FINANCIAL INVESTMENTS (S.A.E.) 0.89% 0.341 End-of-day quote.-91.52%
All news about BELTONE FINANCIAL HOLDING SAE
08/11Beltone Financial Holding SAE Reports Earnings Results for the Six Months Ended June 30..
CI
08/11Beltone Financial Holding Sae Reports Standalone Earnings Results for the Six Months En..
CI
07/06Egyptian stocks fall after Ethiopia announces second dam filling
RE
06/03An unknown buyer acquired 4.6% stake in Beltone Financial Holding SAE from Abdul Latif ..
CI
05/17Beltone Financial Holding Sae Reports Earnings Results for the First Quarter Ended Marc..
CI
04/11BELTONE FINANCIAL SAE : Egypt's Beltone plans to sell shares to strategic investors or rai..
RE
03/23Beltone Financial Holding Announces Board Changes
CI
03/01Beltone Financial Holding SAE Announces Audited Standalone Earnings Results for the Ful..
CI
01/29BELTONE FINANCIAL HOLDING SAE(CASE : BTFH) dropped from EGX 30 Index
CI
01/04Indonesian MNC Group buys controlling stake in U.S. brokerage Auerbach Grayson
RE
More news
Financials
Sales 2020 233 M 14,9 M 14,9 M
Net income 2020 -132 M -8,46 M -8,46 M
Net Debt 2020 129 M 8,24 M 8,24 M
P/E ratio 2020 -7,62x
Yield 2020 -
Capitalization 771 M 49,1 M 49,2 M
EV / Sales 2019 3,49x
EV / Sales 2020 5,45x
Nbr of Employees -
Free-Float 31,1%
Chart BELTONE FINANCIAL HOLDING SAE
Duration : Period :
Beltone Financial Holding SAE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BELTONE FINANCIAL HOLDING SAE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Managers and Directors
Ibrahim Mohamed M. Hassanein Karam Managing Director & Executive Director
Mounir Amin Fakhry Abdel Nour Chairman
Amir Farouq Mishriky Independent Non-Executive Director
Alaa Mohammed El-Afifi Independent Non-Executive Director
Naguib Onsi Naguib Sawiris Non-Executive Director
Sector and Competitors