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The EGX30 was unchanged at today’s close on turnover of EGP 3.7 bn (18.9% above the 90-day average). Local investors were net sellers. The index is up 65.7% YTD.
In the green: Fawry (+3.1%), Heliopolis Housing (+3.0%) and CIRA Education (+2.7%).
In the red: Elsewedy Electric (-3.8%), Orascom Development Egypt (-3.7%) and Oriental Weavers (-3.7%).
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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