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The EGX30 rose 0.4% at today’s close on turnover of EGP 3.9 bn (11.1% above the 90-day average). Regional investors were the sole net buyers. The index is up 4.4% YTD.
In the green: GB Corp (+8.8%), Orascom Development (+6.1%) and Rameda Pharma (+5.2%).
In the red: E-finance (-2.2%), Madinet Masr (-1.9%) and AMOC (-1.1%).
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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