EARNINGS WATCH-

Prime Holding’s losses after one-offs and minority interest widened 62% y-o-y in 3Q 2022 to EGP 20.9 mn, according to the company’searnings release (pdf). Revenues jumped 6% y-o-y to EGP 27.6 mn.

MARKET ROUNDUP-

The EGX30 fell 1.7% at today’s close on turnover of EGP 1.27 bn (15.7% above the 90-day average). Foreign investors were net sellers. The index is down 5.9% YTD.

In the green: Ezz Steel (+3.7%), Alexandria Containers and and Cargo Handling (+2.6%) and Telecom Egypt (+1.2%).

In the red: Fawry (-4.5%), GB Auto (-4.3%) and Madinet Nasr Housing and Development (-4.1%).

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