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Market roundup on 11 April
The EGX30 fell 1.6% at today’s close on turnover of EGP 837 mn (13.3% below the 90-day average). Foreign investors…
Why stocks are rallying despite global turmoil + Binance gets the go-ahead in Abu Dhabi
Why are stocks proving resilient despite the Russian invasion of Ukraine and surging inflation? The Wall Street Journal tries to…
EKH to pay holders of EGP-denominated shares a USD dividend for the first time
THIS IS A FIRST- Shareholders of EGX-listed EK Holding will receive dividends in USD — regardless of whether they hold…
Vicat Egypt launches MTO for Sinai Cement
French cement producer Vicat Egypt has submitted a mandatory tender offer to acquire another 42.1% of subsidiary Sinai Cement Company…
Market roundup on 10 April 2022
The EGX30 fell 1.8% at today’s close on turnover of EGP 597 mn (38.3% below the 90-day average). Regional investors…
Food is more expensive than ever + EM funds brace for a tough year
Global food prices surged to a new all-time high in March as the Russia-Ukraine war battered already inflated commodities and…
EFG Hermes to distribute EGP 973 mn-worth of bonus shares
MARKET NEWS- EFG Hermes will increase its issued capital by over EGP 973 mn by distributing bonus shares at a…
Dubai utilities firm makes USD 6 bn debut + Surprise: War in Europe is bad for global trade
DEWA pulls off one of the biggest IPOs since Aramco: Dubai’s main utilities firm DEWA has raised USD 6.1 bn…
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