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The EGX30 rose 1.4% at today’s close on turnover of EGP 7.2 bn (53.8% above the 90-day average). Foreign investors were net buyers. The index is up 34.1% YTD.
In the green: E-finance (+14.0%), CIB (+8.9%) and Telecom Egypt (+4.6%).
In the red: Elsewedy Electric (-6.4%), Orascom Construction (-5.0%) and Heliopolis Housing (-5.0%).
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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