EARNINGS WATCH- Alexandria Container and Cargo Handling Company’s bottomline dropped 6% y-o-y in FY2020-21 to EGP 1.4 bn from EGP 1.5 bn, according to the company’s financials (pdf). Revenues dropped 7% y-o-y to EGP 2.4 bn from EGP 2.6 bn.

THE MARKET ROUNDUP-

The EGX30 fell 1.6% at today’s close on turnover of EGP 1.2 bn (23.3% below the 90-day average). Foreign investors were net buyers. The index is down 1.2% YTD.

In the green: Abou Kir Fertilizers (+0.2%).

In the red: Egyptian Resorts Company (-6.2%), Heliopolis Housing (-5.6%) and MM Group (-4.6%).

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