EARNINGS WATCH-

Misr Fertilizers Production Company's (Mopco) consolidated net income after tax rose 51% y-o-y to EGP 7.3 bn in 2022, according to an EGXdisclosure(pdf). Revenues recorded EGP 18.9 bn, up 84% y-o-y.

MARKET ROUNDUP-

The EGX30 fell 4.2% at today’s close on turnover of EGP 1.91 bn (7.6% below the 90-day average). Local investors were net sellers. The index is up 0.9% YTD.

In the green: CIRA Education (+10.3%), Eastern Company (+2.4%).

In the red: Qalaa Holding (-14.9%), Sidi Kerir Petrochemicals (-13.2%) and Heliopolis Housing and Development (-13.1%).

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