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The EGX30 rose 2.4% at today’s close on turnover of EGP 1.15 bn (5.8% above the 90-day average). Local investors were net sellers. The index is down 4.2% YTD.
In the green: GB Auto (+5.2%), Telecom Egypt (+5.0%) and Talaat Moustafa Holding (+4.7%).
In the red: Qalaa Holding (-0.4%), Palm Hills Development (-0.4%) and Ibnsina Pharma (-0.3%).
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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