EARNINGS WATCH-

Beltone Financial’s net losses widened to EGP 169.76 mn in 2021, from EGP 132.4 mn the previous year, according to the firm’s financial statement (pdf). Revenues rose 27.1% y-o-y in 2021, recording EGP 351.7 mn.

MARKET ROUNDUP-

The EGX30 fell 1.9% at today’s close on turnover of EGP 763 mn (19.7% below the 90-day average). Foreign investors were net sellers. The index is down 7.2% YTD.

In the green: Ezz Steel (+4.8%), Sidi Kerir Petrochemicals (+1.7%) and Mopco (+1.2%).

In the red: Rameda (-4.4%), Telecom Egypt (-4.0%) and Ibnsina Pharma (-3.9%).

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