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The EGX30 rose 1.7% at today’s close on turnover of EGP 2.1 bn (45.5% above the 90-day average). Local investors were net buyers. The index is up 3.3% YTD.
In the green: Fawry (+7.8%), Rameda Pharma (+6.3%) and Alexandria Mineral Oils Company (+6.2%).
In the red: Egypt Kuwait Holding-USD (-2.6%) and Cleopatra Hospitals Group (-1.7%).
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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