MARKET NEWS-

CIB will distribute next Thursday dividends to its shareholders on 1.98 bn shares at EGP 1.35 per share, the bank said in a disclosure (pdf) to the EGX today.

MARKET ROUNDUP-

The EGX30 fell 2.6% at today’s close on turnover of EGP 1.1 bn (11.7% above the 90-day average). Local investors were net sellers. The index is down 5.9% YTD.

In the green: Orascom Construction (+1.0%).

In the red: Ezz Steel (-10.9%), MM Group (-7.4%) and Elsewedy Electric (-6.8%).

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