There’s nothing happening this morning on Planet Finance, ladies and gentlemen. Western markets were closed yesterday, as was the Korea Exchange. While traders will crawl out of bed and to their desks this morning, don’t expect much in the way of energy.

Asian markets are mixed this morning in what CNBC is calling “subdued” trading. Australia, New Zealand, and Hong Kong remain closed for Boxing Day. Shares in Korea and Shanghai are flat at dispatch time.

One thing to read: Meet “ The man preparing for a Berkshire Hathaway without Warren Buffett,” wherein the WSJ profiles Greg Abel, the Canadian former energy exec who is set to become Buffett’s successor when the now-93-year-old steps down.

That’s it, folks. That’s the best we can do for you today, and we don’t expect tomorrow to be much different. Enjoy the slowdown — you know it won’t last…

EGX30

24,227

+1.7% (YTD: +66.0%)

USD (CBE)

Buy 30.83

Sell 30.96

USD at CIB

Buy 30.85

Sell 30.95

Interest rates CBE

19.25% deposit

20.25% lending

Tadawul

11,813

+1.1% (YTD: +12.7%)

ADX

9,484

-0.1% (YTD: -7.1%)

DFM

4,018

-0.1% (YTD: +20.5%)

S&P 500

4,755

+0.2% (YTD: +23.8%)

FTSE 100

7,698

0.0% (YTD: +3.3%)

Euro Stoxx 50

4,521

-0.1% (YTD: +19.2%)

Brent crude

USD 79.07

-0.4%

Natural gas (Nymex)

USD 2.54

-2.8%

Gold

USD 2,066

-0.2%

BTC

USD 43,656

0.0% (YTD: +162.5%)

THE CLOSING BELL-

The EGX30 rose 1.7% at yesterday’s close on turnover of EGP 2.6 bn (20.4% below the 90-day average). Local investors were net sellers. The index is up 66.0% YTD.

In the green: TMG Holding (+6.5%), Ezz Steel (+4.7%) and Orascom Construction (+4.7%).

In the red: Edita (-2.7%), B Investments Holding (-2.7%) and Orascom Development (-2.2%).

CORPORATE ACTIONS-

Mopco’s paid-up capital to increase ninefold following merger with subsidiary: Misr Fertilizers Production Company (Mopco) has filed a request with the EGX to increase its authorized capital to EGP 50 bn from EGP 2.3 bn and its paid-up capital to 20.8 bn from EGP 2.3 bn, according to an EGX news bulletin. The request follows its merger with subsidiary Egyptian Nitrogen Products Company (ENPC) earlier this week.

CIRA Education is paying out dividends worth EGP 140 mn at EGP 0.24 per share on its FY 2021-2022 earnings, it said in an EGX disclosure (pdf) yesterday. The dividend distribution was approved by the general assembly back in October.

Arabian Cement is paying out a dividend of EGP 0.26 per share on its 2022 earnings, according to an EGX disclosure (pdf). The dividend will be distributed to eligible shareholders starting 11 January.

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