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The EGX30 rose 1.3% at today’s close on turnover of EGP 2.3 bn (21.4% above the 90-day average). Local investors were net buyers. The index is up 19.4% YTD.
In the green: Heliopolis Housing and Development (+8.0%), Juhayna (+7.7%) and Ibnsina Pharma (+5.7%).
In the red: Cleopatra Hospitals Group (-2.1%), Telecom Egypt (-0.8%) and e-finance (-0.8%).
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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