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The EGX30 rose 0.7% at today’s close on turnover of EGP 4.3 bn (1.8% above the 90-day average). Local investors were the sole net buyers. The index is up 25.6% YTD.
In the green: Elsewedy Electric (+4.5%), Ezz Steel (+2.6%), and TMG Holding (+2.4%).
In the red: Oriental Weavers (-2.3%), Edita (-2.0%), and Emaar Misr (-1.2%).
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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