EARNINGS WATCH-

Chemical Industries Holdings’ subsidiary, Egyptian Chemical Industries (Kima) reported EGP 1.19 bn in net income in 4Q 2023, up 83% y-o-y, according to the company’s earnings release (pdf). Revenues climbed 49% y-o-y to EGP 6.61 bn during the same period.

The EGX30 fell 0.6% at today’s close on turnover of EGP 2.5 bn (23.5% above the 90-day average). Foreign investors were net sellers. The index is up 22.8% YTD.

In the green: Oriental Weavers (+2.9%), Heliopolis Housing (+2.7%) and Edita (+2.0%).

In the red: B Investments Holding (-6.4%), Beltone Financial Holding (-4.3%) and Juhayna (-2.2%).

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