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The EGX30 fell 3.9% at today’s close on turnover of EGP 2.4 bn (48.7% above the 90-day average). Local investors were net buyers. The index is up 5.9% YTD.
In the green: Heliopolis Housing (+2.4%), Housing and Development Bank (+0.5%).
In the red: Palm Hills Development (-6.6%), EFG Hermes (-6.4%) and CIB (-6.2%).
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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