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The EGX30 fell 1.6% at today’s close on turnover of EGP 9.1 bn (4.0% above the 90-day average). Regional investors were the sole net buyers. The index is up 23.8% YTD.
In the green: Orascom Investment Holding (+3.7%), Telecom Egypt (+0.2%), and Abu Qir Fertilizers (+0.1%).
In the red: Raya Holding (-5.1%), Egypt Aluminum (-2.9%), and Heliopolis Housing (-2.9%).
International lenders say more tax could tip the balance as…
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