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The EGX30 rose 0.4% at today’s close on turnover of EGP 2.2 bn (54.1% below the 90-day average). Local investors were the sole net sellers. The index is up 3.7% YTD.
In the green: Fawry (+4.1%), Oriental Weavers (+4.0%), Orascom Construction (+2.8%).
In the red: Eastern Company (-3.0%), EFG Holding (-2.0%), and Mopco (-2.0%).
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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