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US stocks finish February in the red on rate worries
Wall Street ends February in the red: US stocks resumed their decline yesterday, capping a nervy month for stock traders…
What the markets are doing on 28 February, 2023
Egytrans’ net income jumped 152.4% y-o-y to EGP 46.1 mn in 2022, according to an EGXdisclosure (pdf). Revenues, meanwhile, rose…
Adnoc ups gas unit IPO on heavy investor demand
Abu Dhabi IPO WATCH: Adnoc’s natural gas arm will now offer close to a 5% stake in its IPO in…
What the markets are doing on 27 February, 2023
Oriental Weavers’ net income fell 22% y-o-y to EGP 944 mn in 2022, according to its earnings release (pdf). Revenues…
Rallies in EM assets, global bonds go into reverse on rate fears
The great 2023 global bond rally goes kaput: The rally in the global bond marketthat marked the first few weeks…
What the markets are doing on 26 February, 2023
The EGX30 rose1.2% at today’s close on turnover of EGP 1.49 bn (25% below the 90-day average). Foreign investors were…
Adnoc Gas IPO sees huge demand
Adnoc Gas’ USD 2 bn IPO covered within hours: The natural gas arm of the UAE’s Adnoc covered the orderbook…
What the markets are doing on 23 February, 2023
Arabian Cement’s net income grew more than tenfold y-o-y to EGP 359 mn in 2022, according to a disclosure(pdf). Revenues…
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