MARKET NEWS-

Edita is paying out dividends of EGP 299.7 mn at EGP 0.43 per share on its 2022 earnings, the snackmaker said in an EGX disclosure (pdf). The dividend will be distributed on 30 November, as per the general assembly’s approval (pdf) on 5 November. The company’s net income more than doubled in 2022 to EGP 959.4 mn.

MARKET ROUNDUP-

The EGX30 rose 0.2% at today’s close on turnover of EGP 3.4 bn (32.4% above the 90-day average). Foreign investors were net buyers. The index is up 64.1% YTD.

In the green: Telecom Egypt (+12.4%), Eastern Company (+7.3%) and Alexandria Containers and Goods (+2.4%).

In the red: Mopco (-3.9%), Abu Qir Fertilizers (-3.2%) and Heliopolis Housing (-2.9%).

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