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The EGX30 rose 0.4% at today’s close on turnover of EGP 1.41 bn (2% above the 90-day average). Foreign investors were net sellers. The index is up 7.6% YTD.
In the green: Palm Hills Development (+7.2%), Rameda (+5.1%) and Heliopolis Housing (+4.8%).
In the red: CIB (-1.5%), CIRA (-1.0%) and Ezz Steel (-0.7%).
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Plus: Incolease taps securitization market with debut EGP 2 bn…
PE and VC-backed companies were already pivoting to local exchanges…
Telda claims users can sell a position and immediately spend…
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