MARKET NEWS-

Contact Financial Holding will pay out dividends of c. EGP 0.25 per share for 2022, after the company’s ordinary general assembly signed off on the payout last week, according to an EGX disclosure(pdf).

MARKET ROUNDUP-

The EGX30 fell 0.3% at today’s close on turnover of EGP 1.6 bn (21.4% below the 90-day average). Foreign investors were net sellers. The index is up 9.0% YTD.

In the green: Sidi Kerir Petrochemicals (+7.5%), Ezz Steel (+7.4%) and Elsewedy Electric (+6.5%).

In the red: CIB (-3.9%), Rameda Pharma (-1.9%) and EFG Hermes Holding (-1.7%).

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