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The market on 25 July 2022
The EGX30 fell 0.4% at today’s close on turnover of EGP 842 mn (2% above the 90-day average). Foreign investors…
US equities are continuing to rally despite a poor earnings season
US shares are rallying this month despite weak 2Q earnings reports and gloomy economic outlooks, the Wall Street Journal notes.…
FRA wants to more than double non-bank lending by 2026
FRA wants to see serious growth in the non-bank sector: The Financial Regulatory Authority (FRA) wants to see NBFS lending…
Pioneers Properties closes EGP 425 mn securitized bond issuance
Pioneers Properties for Urban Development has closed a EGP 425 mn securitized bond issuance, the second in a wider EGP…
The Market on 24 July 2022
The EGX30 fell 0.2% at today’s close on turnover of EGP 566 mn (31.6% below the 90-day average). Foreign investors…
BRI blowback
China’s Belt and Road Initiative could be in trouble as debt crises loom in emerging markets: The ambitious overseas lending…
FEMCO eyes EGX debut
Engineering and contracting company FEMCO is looking at potentially IPOing on the EGX within the next two years, Al Mal…
What the markets are doing on 21 July 2022
The EGX30 rose 1.9% at today’s close on turnover of EGP 975 mn (15.1% above the 90-day average). Local investors…
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