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What the markets are doing on 16 May 2024
The EGX30 rose 3.3% at today’s close on turnover of EGP 3.4 bn (29.4% below the 90-day average). Local investors…
Traders send US stocks to record high after promising inflation data
US inflation cooled to 3.4% in April, coming in below analyst expectations
Cabinet to set up a unit dedicated to state-owned companies
The unit will work to implement the state ownership policy with clear timelines and targets
What the markets are doing on 15 May 2024
The EGX30 fell 0.1% at today’s close on turnover of EGP 2.6 bn (46.1% below the 90-day average). Foreign investors…
US quadruples tariffs on Chinese EVs to 100%
The White House is increasing tariffs on USD 18 bn worth of Chinese imports
What the markets are doing on 14 May 2024
The EGX30 fell 0.2% at today’s close on turnover of EGP 2.5 bn (48.3% below the 90-day average). Foreign investors…
Roaring Kitty is back…
Hedge funds shorting the video game seller lost USD 1 bn yesterday as Roaring Kitty returned to X for the…
What the markets are doing on 13 May, 2024
The EGX30 rose 0.9% at today’s close on turnover of EGP 2.3 bn (52.7% below the 90-day average). Foreign investors…
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