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The EGX30 rose 2.7% at today’s close on turnover of EGP 12.2 bn (40.8% above the 90-day average). Local investors were the sole net buyers. The index is up 25.5% YTD.
In the green: E-finance (+9.0%), Fawry (+5.3%), and Raya Holding (+4.7%).
In the red: Orascom Construction (-2.3%), Qalaa Holdings (-1.4%), and AMOC (-1.2%).
Bankers say the rules aren’t written yet. Data center builders…
International lenders say more tax could tip the balance as…
Group CEO Karim Awad credits the central bank’s decision to…
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…
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