QNB Alahli net income rises 35.7% in FY2022

EARNINGS WATCH-

QNB Alahli’s bottom line rose 35.7% to EGP 10.4 bn in FY2022, the bank said in its financialstatements (pdf). Net interest income rose 36.9% y-o-y to 44 bn in FY2022 from EGP 32.13 bn in FY2021.

MARKET ROUNDUP-

The EGX30 rose 0.1% at today’s close on turnover of EGP 1.75 bn (4.2% above the 90-day average). Local investors were net sellers. The index is up 6.6% YTD.

In the green: Juhayna (+7.3%), Elsewedy Electric (+5.3%) and Alexandria Containers and Cargo Handling (+3.4%).

In the red: Talaat Moustafa Group (-2.3%), EFG Hermes (-1.9%) and AMOC (-1.8%).