EARNINGS WATCH- Abu Qir Fertilizers’ bottomline rose 137.7% y-o-y during 2Q2021-2022 to EGP 1.9 bn, according to the company’s financial statement (pdf). The company’s revenues recorded EGP 3.6 bn during the quarter, up 56.5% y-o-y.

MARKET ROUNDUP-

The EGX30 fell 0.3% at today’s close on turnover of EGP 663 mn (36.5% below the 90-day average). Regional investors were net buyers. The index is down 4.6% YTD.

In the green: Fawry (+2.8%), EFG Hermes (+2.5%) and Qalaa Holdings (+2.2%).

In the red: Madinet Nasr Housing (-4.3%), Orascom Development Egypt (-4.1%) and MM Group (-2.9%).

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