The EGX30 rose less than 0.1% at today’s close on turnover of EGP 2.12 bn (42.1% above the 90-day average). Local investors were net sellers. The index is down 0.7% YTD.

In the green: CI Capital (+3.6%), Ibnsina Pharma (+2.9%) and Cleopatra Hospital (+2.8%).

In the red: AMOC (-2.5%), SODIC (-2.0%) and Abou Kir Fertilizers (-1.4%).

EARNINGS WATCH- Alexandria Container and Cargo Handling Company reported a 5.8% y-o-y decline in net profit to EGP 1.41 bn during FY2020/2021, according to an EGX disclosure (pdf). The company also reported an 8.1% y-o-y decline in revenues over the fiscal year, reaching some EGP 2.4 bn down from EGP 2.6 bn in the previous year.

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