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Privatization plans, interest rates, and CDs make for another econ-heavy night
We got more economy lessons from the talking heads last night, as the government’s upcoming announcement on its listing pipeline…
THIS MORNING: The new month should bring big privatization news
Good morning, wonderful people, and welcome to the first day of February. It’s another macro-heavy kind of news day here…
Sidpec releases 2022 earnings + Obour Land plans dividend payments
MARKET WATCH- Sidi Kerir Petrochemicals’ net income after tax rose to EGP 1.24 bn in 2022, up 131% y-o-y, according…
Three in, three out as EGX30 rebalances
The EGX30’s semiannual rebalancing is done, the EGX said in a statement out yesterday. In: Abu Dhabi Islamic Bank Egypt,…
What the markets are doing on 30 January, 2023
The EGX30 fell 2.2% at today’s close on turnover of EGP 2.91bn (66% above the 90-day average). Foreign investors were…
EGX gains, high-yield CDs, and rate hikes on the airwaves
It was another econ-heavy evening on the talk shows last night, with the talking heads cheering a good day for…
Orascom Construction announces 2022 dividend payout
MARKET WATCH- Orascom Construction will pay out dividends of EGP 5.535 (USD 0.185) per share for 2022, redeemable on 9…
What the markets are doing on 23 January, 2023
The EGX30 rose 0.4% at today’s close on turnover of EGP 2.4 bn (40.6% above the 90-day average). Local investors…
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