EARNINGS WATCH-

Alexandria Mineral Oils Company (AMOC) reported net income after tax of EGP 850.7 mn in 1H 2022-23, up 146% y-o-y, according to the company’s unaudited earnings release (pdf). The company recorded EGP 10.6 bn in sales during the July-December period, up 51% y-o-y.

MARKET ROUNDUP-

The EGX30 rose 2.1% at today’s close on turnover of EGP 2.55 bn (47.8% above the 90-day average). Egyptian investors were net sellers. The index is up 15.0% YTD.

In the green: Credit Agricole Egypt (+9.1%), Oriental Weavers (+6.5%) and Juhayna (+5.8%).

In the red: Eastern Company (-3.3%), e-Finance (-0.5%) and CIRA Education (-0.4%).

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