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The EGX30 rose 0.3% at today’s close on turnover of EGP 7.2 bn (9.9% above the 90-day average). Local investors were the sole net buyers. The index is up 8.4% YTD.
In the green: Arabian Cement (+5.7%), Orascom Construction (+3.2%), and Valmore Holding -EGP (+2.7%).
In the red: Eastern Company (-2.1%), Ibnsina Pharma (-2.0%), and GB Corp (-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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