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What the markets are doing on 3 April, 2023
MARKET NEWS- Ezz Steel’s net income rose 23.2% y-o-y to EGP 6.6 bn in 2022, according to an EGXdisclosure(pdf). The…
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
MSCI adds Ezz Steel, Heliopolis Housing to its small-cap index
Ezz Steel and Heliopolis Housing have been added to MSCI’s small cap index following its quarterly review. Heliopolis Housing is…
How will the EU’s incoming carbon tariff impact local exporters?
Egypt’s high-emissions industries are laying the groundwork ahead of the EU’s carbon tariff: The EU in December agreed to impose…
Industrial stocks are still divorced from earnings performance
Industrial players are seeing somewhat varied stock performances, with most EGX-listed industrial stocks continuing on the downward trajectory that began…
Industrial players see disappointing stock performances amid global uncertainty
Global trade disruptions, materials shortages, and inflation drive down industrial stocks: Almost all EGX-listed major industrial companies have seen their…
Earnings watch: Ezz Steel, Mopco
EARNINGS WATCH- Ezz Steel’s bottom line rose 2.4% y-o-y in 1Q2022 to reach EGP 1.22 bn, according to the company’s…
Ezz Steel to pay out dividends on 30 June
MARKET NEWS- Ezz Steel will pay out dividends to its shareholders on 30 June at a price of EGP 0.80…
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