MARKET ROUNDUP-

The EGX30 fell 0.1% at today’s close on turnover of EGP 908 mn (29.8% below the 90-day average). Foreign investors were net sellers. The index is down 0.4% YTD.

In the green: MM Group (+11.0%), Rameda (+2.5%) and Abu Qir Fertilizers (+2.2%).

In the red: Credit Agricole Egypt (-3.8%), Sidi Kerir Petrochemicals (-2.7%) and Aspire Capital (-2.4%).

MARKET NEWS-

NBE ups stake in CIB: The National Bank of Egypt (NBE), the largest state-owned bank, has increased its stake in leading private sector bank CIB to 9.13% from 8.27%, according to a bourse disclosure (pdf).

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