EARNINGS WATCH-

The Export Development Bank’s bottomline rose 86.8% y-o-y to EGP 564 mn in 1Q 2023, according to a disclosure to the bourse (pdf). This is attributed to the increase in the bank’s portfolio of client deposits and the increase in net interest margins. The bank’s credit portfolio saw an increase of EGP 7.4 bn in the same period.

Juhayna is paying out dividends of EGP 0.15 per share on its FY 2022-23 earnings, payable on 8 June, the company said in an EGX disclosure (pdf).

MARKET ROUNDUP-

The EGX30 fell 0.6% at today’s close on turnover of EGP 1.76 bn. Local investors were net sellers. The index is up 14.8% YTD.

In the green: Juhayna (+2.9%), Oriental Weavers (+2.2%) and Edita Food Industries (+1.9%).

In the red: Taaleem Management Services (-6.0%), Ibnsina Pharma (-4.4%) and Eastern Company (-3.1%).

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