What the markets are doing on 18 May, 2023

The EGX30 fell 0.6% at today’s close on turnover of EGP 1.8 bn. Local investors were net sellers. The index is up 14.7% YTD.

In the green: Ibnsina Pharma (+5.3%), Eastern Company (+3.3%) and Egypt Kuwait Holding - EGP (+3.1%).

In the red: CIB (-2.7%), Elsewedy Electric (-2.0%) and Mopco (-1.6%).