MARKET NEWS-

Domty’s net income increased 267% y-o-y to EGP 265.7 mn in 2022, according to adisclosure(pdf). Revenues reached EGP 5.2 bn in 2022, rising 55.3% y-o-y.

MARKET ROUNDUP-

The EGX30 fell 0.1% at today’s close on turnover of EGP 1.39 bn (31.5% below the 90-day average). Local investors were net buyers. The index is up 15.3% YTD.

In the green: Telecom Egypt (+7.7%), Sidi Kerir Petrochemicals (+1.9%) and Abu Dhabi Islamic Bank (+1.0%).

In the red: Madinet Nasr Housing and Development (-2.3%), Qalaa Holdings (-2.2%) and GB Auto (-1.8%).

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