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The EGX30 rose 2.9% at today’s close on turnover of EGP 3.6 bn (152.4% above the 90-day average). Local investors were net buyers. The index is up 26.8% YTD.
In the green: Oriental Weavers (+17.0%), Qalaa Holdings (+15.8%) and Madinet Nasr Housing (+10.5%).
In the red: Telecom Egypt (-1.4%), CIB (-0.6%).
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Plus: Incolease taps securitization market with debut EGP 2 bn…
PE and VC-backed companies were already pivoting to local exchanges…
Telda claims users can sell a position and immediately spend…
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