The EGX30 rose 2.1% at today’s close on turnover of EGP 460 mn (65.9% below the 90-day average). Local investors were net sellers. The index is down 4.5% YTD.

In the green: GB Auto (+6.5%), CIB (+3.4%) and MM Group (+3.3%).

In the red: CI Capital (-1.8%) and Export Development Bank (-0.3%).

Alexandria Container and Cargo Handling Company reported EGP 1.04 bn in net income in 9M2020-2021, falling 2.7% y-o-y from EGP 1.01 bn a year earlier, according to an EGX disclosure (pdf). ACCH’s revenues also dipped 5.1% y-o-y to EGP 1.82 mn, which the company attributed to a 9% y-o-y drop in container activity as global trade reeled under covid-19.

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