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The EGX30 rose 0.4% at today’s close on turnover of EGP 3.7 bn (36.4% below the 90-day average). Regional investors were the sole net buyers. The index is up 23.5% YTD.
In the green: Eastern Company (+4.3%), Oriental Weavers (+2.1%), and Palm Hills Development (+1.6%).
In the red: GB Corp (-3.4%), Juhayna (-2.6%), and Emaar Misr (-2.3%).
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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