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The EGX30 rose 0.2% at today’s close on turnover of EGP 3.4 bn (19.9% above the 90-day average). Local investors were the sole net buyers. The index is up 26.5% YTD.
In the green: B Investments Holding (+2.4%), Ezz Steel (+2.0%) and Alexandria Containers and Cargo Handling (+2.0%).
In the red: Telecom Egypt (-2.9%), Faisal Islamic Bank -EGP (-2.6%) and Egypt Kuwaiti Holding (-1.9%).
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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