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The EGX30 rose 0.4% at today’s close on turnover of EGP 959 mn (22% below the 90-day average). Foreign investors were net sellers. The index is up 0.6% YTD.
In the green: Raya Holding (+4.4%), EFG Hermes (+2.9%) and AMOC (+1.8%).
In the red: Egyptian Resorts Company (-2.9%), Heliopolis Housing (-2.2%) and Credit Agricole Egypt (-2.0%).
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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