The Egyptian companies are required to prepare the comprehensive income statement recently (one year only). This study thought to explore the practice and its details and some effects via comparing between the effects of net income and comprehensive income in changes in share price. Data collected for companies listed in Cairo Securities Exchange for the financial year 2016/2017. The results support the main hypothesis which is, comprehensive income more related to share price than net income. Details show that the situation differs by industry and ownership. The results are stronger in banks and the financial sector and industrial companies rather than a sector like food or tourism. Companies of the private sector showed more influential impact than state-owned companies. Factors relate to the local market left a clear impact on the results for example gains or losses from foreign currency changes were the most influential component because of the huge imports from many countries. The second influential component was revaluation of available for sale securities because of the size of banks and the financial services institutions in the market whereas hedge for cash flow risk and pension liability proved to be a very weak practice by the Egyptian companies.
Dr. Afaf Mubarak
Lecturer of Accounting
Faculty of Commerce
Beni Suef University , Egypt
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