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The EGX30 fell 0.9% at today’s close on turnover of EGP 1.61 bn (44.4% above the 90-day average). Foreign investors were net sellers. The index is down 14.4% YTD.
In the green: CIRA (+2.4%), Orascom Construction (+2.3%) and Qalaa Holdings (+2.0%).
In the red: Telecom Egypt (-3.8%), Ezz Steel (-3.6%) and e-Finance (-3.4%).
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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