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The EGX30 rose 1.1% at today’s close on turnover of EGP 4.0 bn (equal to the 90-day average). Regional investors were the sole net sellers. The index is up 15.1% YTD.
In the green: Eastern Company (+5.7%), Elsewedy Electric (+5.3%), and GB Corp (+5.2%).
In the red: Palm Hills Development (-3.1%), Juhayna (-2.8%), and EFG Holding (-1.4%).
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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