EARNINGS WATCH-

Misr Fertilizers Production Company (Mopco) saw its bottom line rise 92% y-o-y in 2021 to EGP 4.79 bn, according to its financials (pdf). Meanwhile, Mopco’s sales increased around 40% y-o-y last year to EGP 10.3 bn.

MARKET ROUNDUP-

The EGX30 rose 0.2% at today’s close on turnover of EGP 864 mn (7.8% below the 90-day average). Foreign investors were net sellers. The index is down 12.8% YTD.

In the green: Rameda (+4.2%), Cleopatra Hospital (+3.6%) and AMOC (+3.5%).

In the red: e-Finance (-2.9%), Orascom Construction (-2.5%) and Telecom Egypt (-2.3%).

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