What the markets are doing on 16 May, 2023

The EGX30 fell 0.6% at today’s close on turnover of EGP 2.04 bn. Foreign investors were net sellers. The index is up 16.7% YTD.

In the green: Ibnsina Pharma (+10.9%), Rameda (+2.2%) and Elsewedy Electric (+1.0%).

In the red: Oriental Weavers (-4.8%), Mopco (-4.5%) and Heliopolis Housing (-3.9%).