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The EGX30 rose 0.1% at today’s close on turnover of EGP 5.9 bn (30.5% above the 90-day average). Local investors were the sole net buyers. The index is up 26.0% YTD.
In the green: Orascom Development (+3.4%), EFG Holding (+3.2%), and Egypt Kuwait Holding -EGP (+1.9%).
In the red: Arabian Cement (-3.6%), Ibnsina Pharma (-2.4%), and Orascam Construction (-2.1%).
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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