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The EGX30 fell 0.9% at today’s close on turnover of EGP 431 mn (48.3% below the 90-day average). Local investors were net buyers. The index is down 19.6% YTD.
In the green: Abu Dhabi Islamic Bank Egypt (+1.2%), Palm Hills Development (+0.7%) and GB Auto (+0.7%).
In the red: Madinet Nasr Housing (-3.2%), Heliopolis Housing (-2.4%) and e-Finance (-2.2%).
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Plus: Incolease taps securitization market with debut EGP 2 bn…
PE and VC-backed companies were already pivoting to local exchanges…
Telda claims users can sell a position and immediately spend…
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