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OC is having a good quarter
The EGX30 fell 0.7% at today’s close on turnover of EGP 985 mn (23.5% below the 90-day average). Regional investors…
Also on our Radar on 25 April 2021
EFG Hermes Corp Solutions has received some EGP 500 mn-worth of loan requests from brokerages looking to finance margin trades…
Cement industry production cuts on the way?
A way out of the Great Cement Crisis? An agreement stipulating production cuts for cement manufacturers and other industry-wide measures…
Also on our Radar on 6 April 2021
Egypt is planning to develop six “new cities” across the country, as part of its urban development plans, Deputy Housing…
Japan’s Saraya to build USD 10 mn factory complex in SCZone
Japanese sanitizer maker Saraya is planning to build a USD 10 mn sanitizer and cosmetics factory complex in the Suez…
Orascom Financial pushes into fintech
Orascom Financial Holding (OFH) is making its entry into the fintech space, announcing today in an EGX statement (pdf) that…
Re-energized small-cap index coming to a market near you at the end of the year
The EGX30 ended today’s session flat on turnover of EGP 685 mn (53.5% below the 90-day average). Foreign investors were…
Earnings Watch: OC
The EGX30 rose 1.6% at today’s close on turnover of EGP 819 mn (44.6% below the 90-day average). Foreign investors…
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