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What the markets are doing on 26 March 2024
The EGX30 fell 1.0% at today’s close on turnover of EGP 3.4 bn (31.6% below the 90-day average). Local investors…
Saudi Arabia’s PIF solidifies position in US EV maker Lucid with additional USD 1 bn stake
A share of the proceeds will finance Lucid’s capex and working capital
Concrete shares up nearly 17% on second day of trading
The EGX celebrated the debuts of the two companies with bell-ringing ceremonies yesterday
What the markets are doing on 25 March 2024
The EGX30 rose 1.0% at today’s close on turnover of EGP 3.2 bn (35.2% below the 90-day average). Regional investors…
IMF chief calls on China to “reinvent itself” to end mounting property crisis
A more domestic consumption-centered policy mix could add USD 3.5 tn to China’s economy over the next 15 years, says…
Valu raises EGP 888 mn from securitization issuance
The issuance is part of an EGP 9 bn extended program
What the markets are doing on 24 March 2024
The EGX30 was almost flat at today’s close on turnover of EGP 3.3 bn (33% below the 90-day average). Local…
Reddit’s big NYSE debut stokes hopes for a US IPO revival
More listings could revitalize an IPO market that has been sluggish since 2021
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