What the markets are doing on 4 November

The EGX30 rose 2.8% at today’s close on turnover of EGP 9 bn (18.5% below the 90-day average). Local investors were the sole net sellers. The index is up 21.1% YTD.

In the green: Rameda (+7.0%), Ibnsina Pharma (+6.9%), and Edita (+6.6%).

In the red: AMOC (-1.3%), Orascom Development (-0.5%), and Palm Hills Developments (-0.4%).