EARNINGS WATCH- QNB AlAhli’s bottomline rose 1.8% y-o-y to EGP 7.6 bn in FY2021, according to the bank’s consolidated earnings (pdf). This came on the back of a 5.6% y-o-y increase in revenues to EGP 17.4 bn.

MARKET ROUNDUP-

The EGX30 rose 0.5% at today’s close on turnover of EGP 937 mn (22.5% below the 90-day average). Foreign investors were net sellers. The index is up 0.9% YTD.

In the green: AMOC (+5.4%), Telecom Egypt (+2.8%) and Rameda (+2.4%).

In the red: Speed Medical (-2.9%), Heliopolis Housing (-2.7%) and Fawry (-2.5%).

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