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The EGX30 fell 1.9% at today’s close on turnover of EGP 4.2 bn (18.7% above the 90-day average). Local investors were the sole net buyers. The index is up 1.1% YTD.
In the green: Egypt Kuwait Holding- USD (+0.7%) and Ibnsina Pharma (+0.6%).
In the red: Sidi Kerir Petrochemicals (-6.3%), Orascom Development Egypt (-6.0%), and Palm Hills Development (-5.6%).
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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