{"id":551351,"date":"2022-06-12T13:26:25","date_gmt":"2022-06-12T13:26:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/"},"modified":"2022-06-12T13:26:25","modified_gmt":"2022-06-12T13:26:25","slug":"market-roundup-on-12-june-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/","title":{"rendered":"Market roundup on 12 June 2022"},"content":{"rendered":"

The EGX30 fell 1.4% at today\u2019s close<\/strong> on turnover of EGP 529 mn (36.6% below the 90-day average). Local investors were net buyers. The index is down 15.5% YTD.<\/p>\n

In the green: <\/strong>Heliopolis Housing (+5.5%), Madinet Nasr Housing (+2.9%) and Ezz Steel (+1.1%).<\/p>\n

In the red: <\/strong>Eastern Company (-4.0%), Abu Qir Fertilizers (-3.3%) and Egypt Kuwait Holding-EGP (-2.7%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 fell 1.4% at today\u2019s close on turnover of EGP 529 mn (36.6% below the 90-day average). Local investors were net buyers. The index is down 15.5% YTD. In the green: Heliopolis Housing (+5.5%), Madinet Nasr Housing (+2.9%) and Ezz Steel (+1.1%). In the red: Eastern Company (-4.0%), Abu Qir Fertilizers (-3.3%) and Egypt […]<\/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-551351","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":"3322d3b6-bf8f-4dd8-a6b4-9fbab679b6d7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[551342],"teaser":"","voice_url":""},"yoast_head":"\nMarket roundup on 12 June 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\/06\/12\/market-roundup-on-12-june-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 12 June 2022\" \/>\n<meta property=\"og:description\" content=\"The EGX30 fell 1.4% at today\u2019s close on turnover of EGP 529 mn (36.6% below the 90-day average). Local investors were net buyers. The index is down 15.5% YTD. In the green: Heliopolis Housing (+5.5%), Madinet Nasr Housing (+2.9%) and Ezz Steel (+1.1%). In the red: Eastern Company (-4.0%), Abu Qir Fertilizers (-3.3%) and Egypt […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-12T13:26:25+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\/06\/12\/market-roundup-on-12-june-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Market roundup on 12 June 2022\",\"datePublished\":\"2022-06-12T13:26:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/\"},\"wordCount\":56,\"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\/06\/12\/market-roundup-on-12-june-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/\",\"name\":\"Market roundup on 12 June 2022 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-06-12T13:26:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market roundup on 12 June 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 12 June 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\/06\/12\/market-roundup-on-12-june-2022\/","og_locale":"en_US","og_type":"article","og_title":"Market roundup on 12 June 2022","og_description":"The EGX30 fell 1.4% at today\u2019s close on turnover of EGP 529 mn (36.6% below the 90-day average). Local investors were net buyers. The index is down 15.5% YTD. In the green: Heliopolis Housing (+5.5%), Madinet Nasr Housing (+2.9%) and Ezz Steel (+1.1%). In the red: Eastern Company (-4.0%), Abu Qir Fertilizers (-3.3%) and Egypt […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-06-12T13:26:25+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Market roundup on 12 June 2022","datePublished":"2022-06-12T13:26:25+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/"},"wordCount":56,"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\/06\/12\/market-roundup-on-12-june-2022\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/","name":"Market roundup on 12 June 2022 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-06-12T13:26:25+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/market-roundup-on-12-june-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Market roundup on 12 June 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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":551125,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/earnings-watch-hdb-heliopolis-housing-report-1q-2022-results\/","url_meta":{"origin":551351,"position":0},"title":"Earnings watch: HDB + Heliopolis Housing report 1Q 2022 results","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"EARNINGS WATCH-Housing and Development Bank\u2019s (HDB) net income fell 3.5% y-o-y in 1Q 2022 to EGP 628 mn, according to the bank\u2019s latest financial statement (pdf). The bank\u2019s net interest income rose 18.6% y-o-y to EGP 976.50 mn.Heliopolis Housing and Development\u2019s 1Q 2022 bottom line fell 96.9% y-o-y to EGP\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":564406,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/30\/earnings-heliopolis-housing-housing-and-development-bank-mb-engineering\/","url_meta":{"origin":551351,"position":1},"title":"Earnings: Heliopolis Housing, Housing and Development Bank + MB Engineering","author":"enterpriseam admin","date":"30 August 2021","format":false,"excerpt":"Minapharm Pharma bottomline more than doubled during 2Q2021, recording EGP 130.5 mn compared to EGP 48.2 mn last year, according to its financial statement (pdf). Revenues during the quarter were up 33% to EGP 681.4 mn from EGP 510 mn last year.MB Engineering recorded a net income of EGP 1.4\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":553231,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/what-the-markets-are-doing-on-27-october-2022\/","url_meta":{"origin":551351,"position":2},"title":"What the markets are doing on 27 October, 2022","author":"enterpriseam admin","date":"27 October 2022","format":false,"excerpt":"The EGX30 rose 4.9% at today\u2019s close on turnover of EGP 2.3 bn (55.1% above the 90-day average). Local investors were net sellers. The index is down 7.3% YTD.In the green: Egypt Kuwait Holding-EGP (+9.7%), QNB Al Ahly (+9.3%) and CIB (+9.2%).In the red: Housing and Development Bank (-2.2%), Madinet\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":686260,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/08\/what-the-markets-are-doing-on-8-february-2026\/","url_meta":{"origin":551351,"position":3},"title":"What the markets are doing on 8 February 2026","author":"enterpriseam admin","date":"8 February 2026","format":false,"excerpt":"The EGX30 rose 0.6% at today\u2019s close on turnover of EGP 7.7 bn (31.7% above the 90-day average). Local investors were the sole net buyers. The index is up 19.6% YTD.In the green: Heliopolis Housing (+8.4%), Valmore Holding- EGP (+8.1%), and Edita (+7.3%).In the red: GB Corp (-3.5%), Eastern Company\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":691698,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/05\/what-the-markets-are-doing-on-5-april-2026\/","url_meta":{"origin":551351,"position":4},"title":"What the markets are doing on 5 April 2026","author":"enterpriseam admin","date":"5 April 2026","format":false,"excerpt":"The EGX30 rose 1.9% at today\u2019s close on turnover of EGP 6.1 bn (8.3% below the 90-day average). Local investors were the sole net sellers. The index is up 13.0% YTD.In the green: Egypt Aluminum (+7.4%), Orascom Construction (+6.0%), and Telecom Egypt (+5.3%).In the red: Heliopolis Housing (-1.2%), Abu Qir\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":655526,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/19\/what-the-markets-are-doing-on-19-november-2024\/","url_meta":{"origin":551351,"position":5},"title":"What the markets are doing on 19 November 2024","author":"enterpriseam admin","date":"19 November 2024","format":false,"excerpt":"The EGX30 fell 0.6% at today\u2019s close on turnover of EGP 2.8 bn (33.7% below the 90-day average). Egyptian investors were the sole net sellers. The index is up 23.3% YTD.In the green: Edita (+2.6%), Faisal Islamic Bank -EGP (+1.7%) and B Investments Holding (+1.4%).In the red: EFG Holding (-2.2%),\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551351"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551351\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551342"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551351"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551351"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}