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The EGX30 fell 0.1% at today’s close on turnover of EGP 3.6 bn (17.9% below the 90-day average). International investors were the sole net sellers. The index is up 18.4% YTD.
In the green: Eastern Company (+3.1%), Ibnsina Pharma (+2.6%) and Raya Holding (+2.1%).
In the red: Mopco (-1.9%), Orascom Construction (-1.6%), and Egypt Aluminum (-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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