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Market roundup on 10 May 2022
The EGX30 fell 0.9% at today’s close on turnover of EGP 637 mn (27.5% below the 90-day average). Local investors…
Capital markets
Aramco is close to eclipsing Apple as the world’s most valuable company
Saudi oil giant Aramco is close to taking Apple’s crown as the world’s most valuable company, Bloomberg reports. Aramco briefly…
CI Capital appoints new CEO of brokerage arm + Abu Qir Fertilizers appoints Alpha Oryx reps to BoD
CI Capital has named Chahir Hosni (LinkedIn) the CEO and managing director of its brokerage business, it said in a…
THIS MORNING: Worst day for global stocks since June 2020; It’s inflation day here in Egypt
Good morning, friends, and happy hump day. We have a really packed issue for you today, so let’s jump right…
Market roundup on 9 May 2022
The EGX30 fell 1.8% at today’s close on turnover of EGP 1.0 bn (12.2% above the 90-day average). Local investors…
Emerging-market investors are in “sell everything” mode
Emerging-market investors are in “sell everything” mode: Not even value stocks are safe in emerging markets right now as investors…
SODIC to open new civil registry office + FRA extends working hours
Other things we’re keeping an eye on this morning: SODIC will open a new civil registry office in The Strip…
THIS MORNING: A big economic announcement from Madbouly today? Also: Foreign reserves were largely stable month-on-month in March
Good morning, everyone, and welcome to a news day that is all about what the fallout from Vladimir Putin’s war…
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