What the markets are doing on 3 January, 2023

The EGX30 rose 0.7% at today’s close on turnover of EGP 2.21 bn (42.8% above the 90-day average). Foreign investors were net sellers. The index is up 3.2% YTD.

In the green: Madinet Nasr Housing (+5.3%), Palm Hills Development (+4.7%) and Heliopolis Housing (+4.6%).

In the red: Juhayna (-2.0%), Cleopatra Hospitals (-1.9%) and CIRA Education (-1.9%).