EARNINGS WATCH-

Misr Fertilizers Production Company (Mopco) reported a 171% y-o-y increase in its bottom line in 3Q2021 to EGP 1.34 bn, according to the company’s quarterly financials (pdf). The state-owned company reported EGP 2.90 bn in net revenues for the quarter, up 69% y-o-y.

MARKET ROUNDUP-

The EGX30 rose 0.8% at today’s close on turnover of EGP 764 mn (47.4% below the 90-day average). Regional investors were net buyers. The index is up 4.7% YTD.

In the green: Rameda (+6.8%), EFG Hermes (+5.9%) and Pioneers Properties (+3.5%).

In the red: Fawry (-1.7%), Egypt Kuwait Holding-EGP (-0.8%) and Oriental Weavers (-0.6%).

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