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The EGX30 fell 1.1% at today’s close on turnover of EGP 7.5 bn (34.5% below the 90-day average). Regional investors were the sole net buyers. The index is up 23.4% YTD.
In the green: Alexandria Containers and Goods (+3.6%), Heliopolis Housing (+1.3%), and Fawry (+0.5%).
In the red: Misr Cement (-6.2%), Orascom Development (-5.6%), and Raya Holding (-4.7%).
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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