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The EGX30 rose 1.2% at today’s close on turnover of EGP 3.2 bn (9.4% below the 90-day average). Local investors were the sole net buyers. The index is up 4.8% YTD.
In the green: EFG Holding (+5.4%), Sidi Kerir Petrochemicals (+4.7%), and Alexandria Container and Cargo Handling Company (+4.1%).
In the red: GB Corp (-2.0%), and CIB (-0.6%).
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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