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The EGX30 fell 0.7% at today’s close on turnover of EGP 3.2 bn (8.9% below the 90-day average). Local investors were the sole net buyers. The index is up 4.0% YTD.
In the green: Palm Hills Development (+2.4%), Emaar Misr (+2.3%) and Egypt Kuwait Holding - EGP (+1.1%).
In the red: TMG Holding (-3.0%), E-finance (-1.8%) and Sidpec (-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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