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The EGX30 rose 1% at today’s close on turnover of EGP 2.28 bn (7.9% above the 90-day average). Local investors were net sellers. The index is up 31.7% YTD.
In the green: Orascom Development Egypt (+4.1%), Qalaa Holdings (+3.8%) and CIB (+3.4%).
In the red: Elsewedy Electric (-3.1%), Credit Agricole Egypt (-2.0%) and Eastern Company (-2.0%).
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Plus: Incolease taps securitization market with debut EGP 2 bn…
PE and VC-backed companies were already pivoting to local exchanges…
Telda claims users can sell a position and immediately spend…
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