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Market roundup on 8 May 2022
The EGX30 rose 0.6% at today’s close on turnover of EGP 907 mn (3.4% above the 90-day average). Local investors…
Emerging-market investors expect IMF to back risky debt + global food prices eased (slightly) in April
Expectations of IMF support are driving gains in some of the riskiest EM debt markets: Emerging-market debt has been battered…
CI Capital dethrones EFG Hermes to top the EGX brokerage league table
CI Capital topped the EGX’s brokerage league table in April, with a market share of 43.9%, according to figures from…
More from El Sisi’s economy speech: Growing the EGX, support for local industry + cutting public debt
More on the Sisi administration’s plans to boost the economy: The state’s plan to attractUSD 40 bn in fresh investment…
Privatization program back in action this September, says Tawfik
Egypt plans to offer shares in state companies on the EGX starting in September, Public Enterprise Minister Hisham Tawfik told…
Banque Misr restructures holding of Banque du Caire + Coinbase snaps up Goldman’s first BTC-backed loan
Banque Misr now owns nearly 100% of BdC: Banque Misr has purchased 1.13 bn shares (around 42.9%) in Banque du…
Earnings watch: Abu Qir Fertilizers, Juhayna + Banque Misr purchases 42.8% of Banque du Caire + CI Capital to distribute dividends
EARNINGS WATCH- Abu Qir Fertilizers’ bottom line rose 185% y-o-y in 9M 2021-2022 to EGP 6.96 bn, the company said…
Charges brought against the man behind the invisible whale
Archegos founder, CFO arrested on 11 criminal counts, including security fraud: Archegos Capital Management founder Bill Hwang and CFO Patrick…
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