MARKET NEWS-

Porto Group is changing its name to Arab Developers Holding after receiving board approval, according to a bourse disclosure (pdf) today.

MARKET ROUNDUP-

The EGX30 fell 0.5% at today’s close on turnover of EGP 484 mn (61.3% below the 90-day average). Regional investors were net buyers. The index is up 0.3% YTD.

In the green: Raya Holding (+6.2%), Aspire Capital (+1.0%) and Eastern Company (+1.0%).

In the red: Palm Hills Development (-2.8%), Rameda (-2.7%) and Abu Qir Fertilizers (-2.6%).

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