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The EGX30 fell 0.3% at today’s close on turnover of EGP 3.1 bn (36% below the 90-day average). Local investors were net buyers. The index is up 14.8% YTD.
In the green: Orascom Construction (+5.0%), Eipico (+4.0%) and Madinet Masr (+2.2%).
In the red: E-Finance (-5.4%), Orascom Development Egypt (-3.9%) and Palm Hills Developments (-3.0%).
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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