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The EGX30 rose 0.9% at today’s close on turnover of EGP 3.1 bn (17.4% below the 90-day average). Regional investors were the sole net sellers. The index is up 0.9% YTD.
In the green: Eastern Company (+6.6%), Sidpec (+3.6%) and Telecom Egypt (+2.4%).
In the red: Rameda Pharma (-2.2%), Beltone Holding (-2.0%) and Qalaa Holdings (-1.5%).
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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