EARNINGS WATCH-

QNB Alahli’s net income rose 82% y-o-y to EGP 8.67 bn in 1H 2023, according to the bank’sfinancials(pdf). Net interest income registered a 56% y-o-y to EGP 13.9 bn during the same period.

The EGX30 rose 1.1% at today’s close on turnover of EGP 1.98 bn. Regional investors were net buyers. The index is up 17.5% YTD.

In the green: Ezz Steel (+5.5%), Heliopolis Housing (+4.1%) and EFG Holding (+3.6%).

In the red: Eastern Company (-2.7%), Ibnsina Pharma (-1.8%) and Orascom Construction (-1.6%).

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