Arabia Investment Holding’s (AIH) net income eased 17.5% y-o-y to post EGP 47 mn in 9M 2022, the company said in its earnings release (pdf). Revenues dropped 25.0% y-o-y in the same period to post EGP 900 mn, amid a slowdown in the car financing market.

The EGX30 rose 0.1% at today’s close on turnover of EGP 1.44 bn (18.3% above the 90-day average). Regional investors were net sellers. The index is up 4.8% YTD.

In the green: Mopco (+3.6%), Elsewedy Electric (+2.7%) and Credit Agricole Egypt (+2.5%).

In the red: Cleopatra Hospitals (-4.1%), e-Finance (-2.4%) and Telecom Egypt (-2.4%).

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