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The EGX30 rose 1.0% at today’s close on turnover of EGP 4.7 bn (7.0% below the 90-day average). Regional investors were the sole net sellers. The index is up 14.7% YTD.
In the green: Orascom Development (+3.9%), Orascom Construction (+3.6%) and Telecom Egypt (+3.5%).
In the red: Egyptian Kuwaiti Holding-EGP (-3.4%), Emaar Misr (-2.7%) and Egypt Aluminum (-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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