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The EGX30 fell 4.9% at today’s close on turnover of EGP 3.7 bn (26.3% below the 90-day average). Local investors were net sellers. The index is up 7.6% YTD.
In the green: Oriental Weavers (+0.5%).
In the red: Fawry (-8.6%), Orascom Development Egypt (-8.6%) and Alexandria Mineral Oils Company (-8.0%).
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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