This research aims to determine the causality's directon for the relation between disclosure transparency and analysts’ coverage for Egyptian companies, After previous studies dealt with the two variables in two different directions, where some researchers indicated the role of an analysts’ coverage for companies in affecting on disclosure transparency, others suggested the disclosure transparency's role in affecting on analysts coverage for companies, which was the researcher way in to find out (determine) the direction of the relation through using one of the generally accepted methodologies in this field, Cross-lagged panel correlation-, The researcher was used Standard & Poor's measure as one of the universally accepted measures for disclosure transparency, and the number of company's analysts as an analysts coverage's measure. And that was for a sample of 84 Egyptian shareholding companies within the period from year 2010 to year 2015. After conducting relevant measurements, the researcher concluded sincerity of positive causality's relation with one period time interval (it's power somewhat diminishing with an increase in time interval) in the direction of disclosure transparency effect on an analysts’ coverage, more than the reverse direction. By conducting additional analysis on sub-elements of disclosure transparency, it was appeared the significant effect of disclosure of both of ownership structure and investors equity, and the board of directors structure on the analysts coverage,whereas non significancy of financial transparency element. Which means that disclosures that relate to ownership structure and investors equity, and disclosures which relate to board of directors structure are more attractive for financial analysts than financial transparency.