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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: MM Group, Oriental Weavers, Emaar Misr report 1Q2022 results
EARNINGS WATCH- MM Group reported a 60.1% y-o-y drop in its 1Q2022 bottom line, recording EGP 51 mn, according to…
Earnings watch: El Nasr Civil Works, Oriental Weavers, EIPICO
EARNINGS WATCH- El Nasr Civil Works reported a net income of EGP 958k in 2021, reversing from net losses of…
SCZone signs off on land contract for USD 2.6 bn methanol plant in Ain Sokhna
SCZone signs off on Ain Sokhna’s USD 2.6 bn methanol plant: The General Authority for the Suez Canal Economic Zone…
EGX30 up 2.7% YTD
The EGX30 rose 0.4% at today’s close on turnover of EGP 1.4 bn (81% below the 90-day average). Egyptian investors…
The Market on 6 September
The EGX30 fell 0.3% at today’s close on turnover of EGP 1.7 bn (11.6% above the 90-day average). Local investors…
Heikal settles ‘absentia’ ruling + Stellar earnings for ORWE
MARKET NEWS- Qalaa Holdings Chairman Ahmed Heikal has settled a case involving a single USD 4 mn cheque, which saw…
Eastern, Oriental Weavers report rising profit + Oza sees “geopolitics” weighin on Egyptian shares
EARNINGS WATCH- Eastern Company posted a 47% increase in its bottom line in 3Q2020-2021, reporting earnings of EGP 1.35 bn…
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