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The EGX30 rose 1.1% at today’s close on turnover of EGP 6.6 bn (70.4% above the 90-day average). Local investors were net sellers. The index is up 18.3% YTD.
In the green: Orascom Development (+7.7%), Talaat Moustafa Group (+6.8%) and GB Corp (+5.4%).
In the red: Oriental Weavers (-2.4%), Ibnsina Pharma (-2.1%) and Beltone Holding (-1.9%).
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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