The indicators refer to a significant drop down in the Egyptian securities market performance during the period from 1999 to 2003.The total issues declined from LE 55.6 billion in 1999 or 17% of GDP and 146.7% of gross saving to LE 18.5 billion in 2003 and or 4.6% of GDP and 31.5% of gross...

This paper analyzes the performance of the Arab stock market during the period (1994-2003).Data of the Arab monetary fund (AMF) indicates that Arab stock market performance become stronger during the period under review. The AMF indicator jumped by 40.9% reaching 141.9 point in 2003,the highest...

In the Weighted Average Cost of Capital (WACC) applied to the free cash flow (FCF), we assume that the cost of debt is the market, unsubsidized rate. With debt at the market rate and perfect capital markets, debt only creates value in the presence of taxes through the tax shield. In some cases,...