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The EGX30 rose 1.8% at today’s close on turnover of EGP 2.9 bn (53.9% above the 90-day average). Foreign investors were net sellers. The index is up 19.9% YTD.
In the green: Housing and Development Bank (+18.4%), GB Auto (+4.8%) and CIB (+3.9%).
In the red: Rameda Pharma (-3.0%), Qalaa Holding (-2.4%) and Sidi Kerir Petrochemicals (-2.1%).
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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