MARKET NEWS-

Raya Holding will not be distributing dividends to shareholders for the year ending on 31 December 2021, the company’s general assembly agreed, according to an EGX disclosure (pdf).

MARKET ROUNDUP-

The EGX30 fell 0.5% at today’s close on turnover of EGP 765 mn (19.7% below the 90-day average). Foreign investors were net sellers. The index is down 9.2% YTD.

In the green: Mopco (+2.5%), EFG Hermes (+1.3%) and ADIB Egypt (+1.2%).

In the red: Fawry (-3.9%), Heliopolis Housing (-3.6%) and Ezz Steel (-2.5%).

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