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The EGX30 was essentially flat at today’s close on turnover of EGP 1.26 bn (20.8% above the 90-day average). Foreign investors were net sellers. The index is down 15.0% YTD.
In the green: Telecom Egypt (+4.4%), Mopco (+2.1%) and Egypt Kuwait Holding-EGP (+1.1%).
In the red: e-Finance (-2.6%), GB Auto (-2.3%) and Heliopolis Housing (-1.9%).
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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