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The EGX30 fell 0.2% at today’s close on turnover of EGP 4.9 bn (101.7% above the 90-day average). Local investors were net sellers. The index is up 58.0% YTD. In the green: Orascom Construction (+5.2%), Fawry (+4.7%) and Edita (+3.5%). In the red: AMOC (-8.3%), Qalaa Holdings (-3.2%) and Oriental Weavers (-3.0%).
Author Archives: enterpriseam admin
Posted inTHE ENTERPRISE ENTERTAINMENT CALENDAR
NOVEMBER 26 October-18 November: Forever Is Now Exhibition, Pyramids of Giza. 5-6 November (Sunday-Monday): The Russian Tchaikovsky Symphony Orchestra concerts, Cairo Opera House, Zamalek. 7 November (Tuesday): The Russian Tchaikovsky Symphony Orchestra concert, Sayed Darwish Theatre. 7-18 November (Tuesday-Saturday): Bank of Anxiety Play at the Falaki Theater. 8 November (Wednesday): Gaza 2023 Lecture at AUC […]
Posted inWhat We're Tracking Today
FTX’s Sam Bankman-Fried found guilty in crypto trial of the decade
Good morning, friends, and welcome to a business-heavy morning. The big stories today center on energy and FX, with cabinet extending budget cutbacks through June 2024 at the same time as it raised the price of petrol at the pumps by 14%. Notably, the oil ministry held back from raising the price of diesel, suggesting […]
Posted inAdvertiser
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Posted inEnergy
Israeli gas imports ramping back up, but still at barely a quarter of pre-war rate
Israel is reportedly upping its gas exports now its domestic needs have been met
Posted inCabinet watch
Cabinet extends budget cutbacks through to June 2024 amid FX crisis
The cabinet brings back restrictions on USD government spending
Posted inDEBT WATCH
FinMin takes USD 500 mn samurai bond issuance to market
Our second Samurai bond issuance is part of the government’s efforts to diversify its debt
Posted inEconomy
Central Bank of Egypt holds interest rates steady
This was the last policy meeting before the presidential election in December, after which the CBE is expected to devalue the currency for a fourth time