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The EGX30 fell 0.7% at today’s close on turnover of EGP 1.62 bn (24% below the 90-day average). Local investors were net sellers. The index is up 31.1% YTD.
In the green: Abu Dhabi Islamic Bank (+1.8%), Eastern Company (+1.5%) and Qalaa Holdings (+1.3%).
In the red: Telecom Egypt (-2.4%), E-Finance (-2.3%) and Heliopolis Housing (-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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