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The EGX30 fell 1.4% at today’s close on turnover of EGP 4.4 bn (11.3% below the 90-day average). International investors were the sole net buyers. The index is up 12.6% YTD.
In the green: Alexandria Mineral Oils (+2.1%), Sidpec (+2.0%), and Egypt Aluminum (+1.2%).
In the red: Credit Agricole (-3.3%), TMG Holding (-3.2%), and Fawry (-2.9%).
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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