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The EGX30 fell 1.0% at today’s close on turnover of EGP 6.5 bn (35.8% above the 90-day average). International investors were the sole net buyers. The index is up 35.9% YTD.
In the green: Raya Holding (+3.9%), Orascom Construction (+3.1%), and Mopco (+2.8%).
In the red: Eastern Company (-6.0%), Fawry (-3.1%), and Palm Hills Developments (-2.8%).
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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