EARNINGS WATCH-

Arabia Investments Holding’s bottom line rose 8% y-o-y in 2021 to EGP 103 mn, the company said in an earnings release (pdf). Revenues increased 5% y-o-y to EGP 1.69 bn.

MARKET ROUNDUP-

The EGX30 fell 0.9% at today’s close on turnover of EGP 729 mn (21.3% below the 90-day average). Local investors were net buyers. The index is down 11.1% YTD.

In the green: MM Group (+9.1%), Madinet Nasr Holding (+5.6%) and Ezz Steel (+5.1%).

In the red: Oriental Weavers (-12.7%), Credit Agricole Egypt (-8.9%) and Egypt Kuwait Holding-EGP (-7.8%).

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