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The EGX30 rose 0.7% at today’s close on turnover of EGP 4.5 bn (9.6% below the 90-day average). Regional investors were the sole net sellers. The index is up 14.6% YTD.
In the green: Orascom Development (+4.5%), Beltone Holding (+4.2%), and Ibnsina Pharma (+3.4%).
In the red: Emaar Misr (-1.1%), Eipico (-0.8%), and Palm Hills Development (-0.7%).
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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