S&P Global and IHS Markit are selling off two subsidiaries worth a combined USD 2.2 bn ahead of their USD 44 bn merger, the Wall Street Journal. The transactions came as the two companies seek to divest themselves as businesses that could stop regulators from approving their supersize merger, which is slated for 1Q2022.

EGX30

11,913

+0.5% (YTD: +9.9%)

USD (CBE)

Buy 15.66

Sell 15.76

USD at CIB

Buy 15.66

Sell 15.76

Interest rates CBE

8.25% deposit

9.25% lending

Tadawul

11,315

+1.4% (YTD: +30.2%)

ADX

8,391

-0.2% (YTD: +66.3%)

DFM

3,199

+0.3% (YTD: +28.4%)

S&P 500

4,786

-0.1% (YTD: +27.4%)

FTSE 100

7,372

– (YTD: +14.1%)

Brent crude

USD 76.30

+0.4%

Natural gas (Nymex)

USD 4.08

+0.7%

Gold

USD 1,804.50

-0.4%

BTC

USD 47,483.00

-4.5%

THE CLOSING BELL-

The EGX30 rose 0.5% yesterday on turnover of EGP 1.2 bn (9.4% below the 90-day average). Foreign investors were net buyers. The index is up 9.9% YTD.

In the green: Kima (+5.1%), Abu Qir Fertilizers (+4.6%) and GB Auto (+3.1%).

In the red: Rameda (-4.3%), Heliopolis Housing and Development (-4.2%) and Orascom Development (-1.7%).

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