Orascom Construction’s board of directors approved paying out dividends of USD 0.275 per share on its FY 2022-2023 earnings, payable on 31 October, the company said in an EGX disclosure (pdf). The company’s ordinary general assembly will consider the proposal on 11 October.

MARKET ROUNDUP-

The EGX30 rose 1.0% at today’s close on turnover of EGP 3.2 bn (51.1% above the 90-day average). Foreign investors were net buyers. The index is up 36.7% YTD.

In the green: Mopco (+19.2%), Abu Qir Fertilizers (+5.5%) and Alexandria Containers and Cargo Handling (+4.2%).

In the red: Oriental Weavers (-4.7%), Orascom Development Egypt (-2.7%) and Talaat Moustafa Group (-2.6%).

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