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The EGX30 rose 5.2% at today’s close on turnover of EGP 6.6 bn (44.2% above the 90-day average). Egyptian investors were net buyers. The index is up 25.7% YTD.
In the green: Abu Dhabi Islamic Bank (+9.8%), CIB (+9.5%) and E-finance (+9.0%).
In the red: Juhayna Food Industries (-4.4%), Ibn Sina Pharma (-4.1%) and Madinet Masr (-3.4%).
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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