EARNINGS WATCH- Credit Agricole Egypt (CAE) generated its highest net income in almost two years in 4Q2021, reporting (pdf) a bottom line of EGP 425 mn, up 27% from a year earlier. The bank’s net interest income rose 7% y-o-y to EGP 750 mn during the October-December period. On an annual basis, CAE reported a 17% y-o-y jump in net income to EGP 1.6 bn.

The EGX30 rose 0.4% at today’s close on turnover of EGP 625 mn (41.9% below the 90-day average). Regional investors were net buyers. The index is down 2.2% YTD.

In the green: Qalaa Holding (+9.5%), Medinet Nasr Housing (+4.6%) and Heliopolis Housing (+3.4%).

In the red: CIRA (-2.8%), Fawry (-1.5%) and Mopco (-1.1%).

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