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The EGX30 fell 0.3% at today’s close on turnover of EGP 3.1 bn (36.4% below the 90-day average). Local investors were net buyers. The index is up 9.2% YTD.
In the green: Palm Hills Development (+3.6%), Elsewedy Electric (+2.0%), and Heliopolis Housing (+1.1%).
In the red: Qalaa Holdings (-15.4%), Abu Qir Fertilizers (-2.4%), and Madinet Masr (-2.4%).
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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