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The EGX30 fell 0.7% at today’s close on turnover of EGP 6.6 bn (on par with the 90-day average). International investors were the sole net buyers. The index is up 10.9% YTD.
In the green: Qalaa Holdings (+3.4%), Orascom Construction (+2.5%), and Orascom Investment Holding (+2.2%).
In the red: Abu Qir Fertilizers (-2.1%), TMG Holding (-2.0%), and Raya Holding (-1.9%).
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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