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The EGX30 rose 2.5% at today’s close on turnover of EGP 4.1 bn (64.4% above the 90-day average). Local investors were net sellers. The index is up 64.3% YTD.
In the green: Credit Agricole (+7.1%), CIB (+6.9%) and ADIB (+5.9%).
In the red: Orascom Construction (-2.9%), Fawry (-2.7%), and Palm Hills Development (-2.6%).
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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