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The EGX30 rose 0.8% at today’s close on turnover of EGP 1.64 bn (44% above the 90-day average). Local investors were net buyers. The index is down 12.7% YTD.
In the green: Fawry (+3.5%), Telecom Egypt (+3.0%) and Eastern Company (+2.8%).
In the red: Rameda (-4.6%), Orascom Construction (-2.4%) and Abu Qir Fertilizers (-1.6%).
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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