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The EGX30 rose 0.6% at today’s close on turnover of EGP 7.0 bn (34.5% above the 90-day average). Local investors were the sole net sellers. The index is up 40.4% YTD.
In the green: Beltone Holding (+6.9%), Palm Hills Developments (+6.4%), and Orascom Construction (+3.8%).
In the red: Misr Cement (-3.4%), ADIB (-2.7%), and GB Corp (-1.0%).
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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