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The EGX30 rose 2.3% at today’s close on turnover of EGP 6.3 bn (74.1% above the 90-day average). Foreign investors were net buyers. The index is up 12.1% YTD.
In the green:Sidpec (+12.8%), Oriental Weavers (+8.2%) and Telecom Egypt (+5.1%).
In the red: GB Corp (-6.3%), Ibnsina Pharma (-5.0%) and Juhayna (-4.0%).
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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