French express parcel player acquires 20% of Aramex: Geopost, the express parcel arm of France’s Groupe La Poste, acquired 20.2% of Dubai-listed Aramex for USD 381.2 mn, according to Reuters. The French company purchased a total of 295 mn shares in Aramex.

EGX30

11,132

-0.6% (YTD: +2.6%)

USD (CBE)

Buy 15.66

Sell 15.76

USD at CIB

Buy 15.66

Sell 15.76

Interest rates CBE

8.25% deposit

9.25% lending

Tadawul

11,940

+0.3% (YTD: +37.4%)

ADX

7,876

-0.2% (YTD: +56.1%)

DFM

2,857

+1.4% (YTD: +14.7%)

S&P 500

4,545

-0.1% (YTD: +21.0%)

FTSE 100

7,205

+0.2% (YTD: +11.6%)

Brent crude

USD 85.53

+1.1%

Natural gas (Nymex)

USD 5.28

+3.2%

Gold

USD 1,796.30

+0.8%

BTC

USD 61,064.40

+1% (as of midnight)

THE CLOSING BELL-

The EGX30 fell 0.6% at Wednesday’s close on turnover of EGP 4.78 bn (68.8% above the 90-day average). Local investors were net buyers. The index is up 2.64% YTD.

In the green: Misr Fertilizers Production Company (+5.8%), Speed Medical (+5.0%) and Ezz Steel (+3.2%).

In the red: Gadwa for Industrial Development (-5.0%), MM Group (-4.3%) and Rameda Pharma (-3.5%).

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