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Nvidia shares slide despite highly anticipated 2Q earnings beating forecasts
Nvidia shares had fallen about 8% in extended trading at the time of writing, representing a roughly USD 200 bn…
What the markets are doing on 28 August 2024
The EGX30 rose 1.1% at today’s close on turnover of EGP 4.6 bn (16.9% above the 90-day average). Local investors…
Retailer Temu’s parent company sees stocks crash in latest warning over struggling Chinese economy
The company’s market value dropped by some USD 55 bn in one day following the release of its 2Q results
Stellantis in talks with gov’t to start assembling Fiat, Citroen, and Opel models locally. PLUS: SODIC, CIB + Chemicals & Fertilizers Export Council, Misr Ins., Eaton, MSMEDA
Stellantis was one of several car makers that expressed interest in the Egyptian Automotive Industry Development Program
SFE taps Noha Khalil as interim CEO. PLUS: Ahmed El Sheikh appointed to head the EGX for another year
Khalil will assume the role until the procedures for appointing a new CEO are completed
What the markets are doing on 27 August 2024
The EGX30 rose 0.8% at today’s close on turnover of EGP 5.8 bn (56.3% above the 90-day average). Foreign investors…
Election uncertainty make investment managers wary of pouring funds into infrastructure projects
Some asset managers expect a pick up in investment activity following election results in November
What the markets are doing on 26 August 2024
The EGX30 rose 0.2% at today’s close on turnover of EGP 4.9 bn (32.4% above the 90-day average). International investors…
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