{"id":550860,"date":"2022-05-09T13:12:22","date_gmt":"2022-05-09T13:12:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/"},"modified":"2022-05-09T13:12:22","modified_gmt":"2022-05-09T13:12:22","slug":"market-roundup-on-9-may-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/","title":{"rendered":"Market roundup on 9 May 2022"},"content":{"rendered":"<p><strong>The EGX30 fell 1.8% at today\u2019s close<\/strong> on turnover of EGP 1.0 bn (12.2% above the 90-day average). Local investors were net buyers. The index is down 8.7% YTD.<\/p>\n<p><strong>In the green: <\/strong>Orascom Development Egypt (+5.1%), e-Finance (+4.9%) and Egypt Kuwait Holding-EGP (+1.8%).<\/p>\n<p><strong>In the red: <\/strong>MM Group (-4.7%), CIB (-4.2%) and Madinet Nasr Housing (-4.0%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX30 fell 1.8% at today\u2019s close on turnover of EGP 1.0 bn (12.2% above the 90-day average). Local investors were net buyers. The index is down 8.7% YTD. In the green: Orascom Development Egypt (+5.1%), e-Finance (+4.9%) and Egypt Kuwait Holding-EGP (+1.8%). In the red: MM Group (-4.7%), CIB (-4.2%) and Madinet Nasr Housing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550860","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"bfb5a6b8-5976-4f66-9fe4-c0906c5bd7ee","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[550851],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Market roundup on 9 May 2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market roundup on 9 May 2022\" \/>\n<meta property=\"og:description\" content=\"The EGX30 fell 1.8% at today\u2019s close on turnover of EGP 1.0 bn (12.2% above the 90-day average). Local investors were net buyers. The index is down 8.7% YTD. In the green: Orascom Development Egypt (+5.1%), e-Finance (+4.9%) and Egypt Kuwait Holding-EGP (+1.8%). In the red: MM Group (-4.7%), CIB (-4.2%) and Madinet Nasr Housing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T13:12:22+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Market roundup on 9 May 2022\",\"datePublished\":\"2022-05-09T13:12:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/\"},\"wordCount\":54,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"EnterprisePM\",\"Go with the Flow\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/\",\"name\":\"Market roundup on 9 May 2022 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-05-09T13:12:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market roundup on 9 May 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market roundup on 9 May 2022 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/market-roundup-on-9-may-2022\/","og_locale":"en_US","og_type":"article","og_title":"Market roundup on 9 May 2022","og_description":"The EGX30 fell 1.8% at today\u2019s close on turnover of EGP 1.0 bn (12.2% above the 90-day average). 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The company\u2019s revenues rose to EGP 369 mn from EGP 185 mn in 2Q2020.The EGX30\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566267,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/go-with-the-flow-on-7-june\/","url_meta":{"origin":550860,"position":2},"title":"Go with the flow on 7 June","author":"enterpriseam admin","date":"7 June 2021","format":false,"excerpt":"The EGX30 fell 0.2% at today\u2019s close on turnover of EGP 1.71 bn (24.2% above the 90-day average). Foreign investors were net sellers. The index is down 6.8% YTD.In the green: Oriental Weavers (+6.2%), TMG Holding (+5.2%) and Telecom Egypt (+4.0%).In the red: Fawry (-3.3%), CIB (-1.8%) and GB Auto\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551000,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/earnings-watch-orascom-development-egypt\/","url_meta":{"origin":550860,"position":3},"title":"Earnings watch: Orascom Development Egypt","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"EARNINGS WATCH-Orascom Development Egypt\u2019s bottom line rose 5.8% y-oy in 1Q2022 to EGP 463.71 mn, according to the company\u2019s financials (pdf). 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