MARKET NEWS-

Alexandria Containers and Cargo Handling will distribute EGP 1.67 bn worth of dividends, it said in an EGX disclosure (pdf). The company will pay out EGP 1.1127 per share on 13 February.

MARKET ROUNDUP-

The EGX30 rose 0.3% at today’s close on turnover of EGP 2.15 bn (26.4% above the 90-day average). Regional investors were net buyers. The index is up 10.4% YTD.

In the green: Housing and Development Bank (+10.3%), Juhayna Food Industries (+6.0%) and Palm Hills Development (+5.1%).

In the red: Alexandria Containers and Cargo Handling (-2.3%), Eastern Company (-1.9%) and Heliopolis Housing and Development (-1.7%).

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