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The EGX30 fell 0.7% at today’s close on turnover of EGP 9.8 bn (14.0% below the 90-day average). International investors were the sole net buyers. The index is up 22.6% YTD.
In the green: Orascom Construction (+3.6%), Telecom Egypt (+3.0%), and Rameda (+2.6%).
In the red: Alexandria Containers and Goods (-3.8%), Egypt Aluminum (-3.5%), and Juhayna (-3.2%).
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
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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