EARNINGS WATCH-

Amer Group’s bottomline rose 226% y-o-y in 2021 to EGP 83.2 mn, according to the company’s financials (pdf). Revenues increased 29% y-o-y to EGP 1.8 bn in 2021.

MARKET ROUNDUP-

The EGX30 fell 0.8% at today’s close on turnover of EGP 829 mn (17% below the 90-day average). Foreign investors were net sellers. The index is down 6.4% YTD.

In the green: Qalaa Holdings (+3.6%), CIRA (+2.9%) and Telecom Egypt (+2.8%).

In the red: Palm Hills Development (-3.1%), Cleopatra Hospital (-2.7%) and Rameda (-2.7%).

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