{"id":564470,"date":"2021-02-08T15:11:37","date_gmt":"2021-02-08T15:11:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/"},"modified":"2021-02-08T15:11:37","modified_gmt":"2021-02-08T15:11:37","slug":"auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/","title":{"rendered":"Auto is hot right now + could rising yields put a cap on EGX performance"},"content":{"rendered":"

<\/a> The EGX30 closed today down 0.69% <\/strong>on turnover of EGP 2.14 bn (34.1% above the 90-day average). Foreign investors were net sellers. The index is up 6.25% YTD.<\/p>\n

In the green: <\/strong>CI Capital Holding (+9.4%), Orascom Investment Holding (+7.6%) and Fawry (+2.2%). CI rose on word Banque Misr was making an offer for an additional stake, OIH is rallying ahead of the spinout of Orascom Financial Holding (which will include stakes in Beltone and Sarwa Capital), while Fawry climbed on word that it\u2019s in the market to acquire stakes in other fintech players.<\/p>\n

In the red: <\/strong>Orascom Development (-2.7%), Abu Qir Fertilizers (-2.4%) and Pioneers Holding (-2.3%).<\/p>\n

IN THE HOT SEAT TODAY- <\/strong>HC Research\u2019s head of macro and financials Monette Doss<\/strong>, HC Research\u2019s head of consumers Noha Baraka<\/strong>, Sigma Research\u2019s senior equity analyst Dareen El Arousy<\/strong><\/p>\n

STILL ON THE UPSWING: GB Auto <\/strong>(up +0.8% today and +4.1% yesterday) has surged more than 140% from its low of EGP 1.32 at the bottom of the March 2020 rout of emerging markets. What\u2019s driving the recovery <\/strong>of a share that billed itself as \u201ceverything on wheels\u201d during its IPO more than a decade ago?<\/p>\n

The automotive industry as a whole is recovering from covid,<\/strong> says Baraka, and still has plenty of room to advance. A lighter hand on regulation since 2016, has helped, but the market supported by significant pent-up demand for passenger cars. That demand is fueled by population growth and wealth formation \u2014 and accrued when prices skyrocketed in the run-up to the float of the EGP (does anybody else remember receipts to take possession of new cards effectively becoming a form of currency?). Hyperinflation in the period after the float made even more would-be buyers wait another day. Today, demand is supported by reasonable inflation and stability in the EGP\u2019s rate of exchange against key currencies.<\/p>\n

All of this is driving growth in earnings per share<\/strong>, Baraka says, and while this is part of a wider trend of the large caps seeing recovery, there\u2019s still a lot of runway, <\/strong>she adds.<\/p>\n

Non-bank financial services arm GB Capital, is \u201ca very strong driver for the company <\/strong>with impressive net interest margins,\u201d<\/strong> says Baraka, and has \u201ccushioned\u201d the group for the last five years. GB Auto has been a pioneer on the NBFS sector, starting with ventures financing three-wheelers and offering fleet leasing and growing exponentially from there.<\/p>\n

\u201cThe boom in car sales in 2020 was a pleasant surprise,\u201d<\/strong> says Sigma\u2019s El Arousy. The auto arm of the company kicked-off the year with \u201ca slight but promising expansion in margins\u201d and were able to liquidate their loss making models, she adds. The interest rate cuts last year were a win-win<\/strong>, as the company relies on banks to finance its working capital, she says, while consumers who purchase cars using bank loans also benefit from the 400 bps interest rate cut across 2020.<\/p>\n

MEANWHILE, ON THE MACRO FRONT: Could rising treasury yields cap stock market <\/strong>performance? <\/strong>HC\u2019s Doss is watching daily treasury auctions, and a downward trajectory for yields from January\u2019s highs could give the stock market a boost. Doss expected treasury yields to start cooling off in 2021, responding to last year\u2019s CBE interest rate cuts by 400 bps, \u201cbut this didn\u2019t come around as expected due to monetary tightening in Turkey, as a result of inflationary hikes, which took the rates on its 15M treasuries to 15.97% in January up from an implied rate of 10.66%.\u201d This higher competition from Turkish treasuries is expected to continue over the coming months.<\/strong> HC is calling for a total of 100 bps worth of cuts this year.<\/p>\n

MORE ON THAT FRONT- <\/strong>The Finance Ministry made a USD-denominated local bond sale today<\/strong>, Reuters reports<\/a>. The three-tranche issuance saw yields of 4.38% for the 5-year tranche, 6.25% of the 10-year tranche, and 7.87% for a 40-year tranche.<\/p>\n

Strategic and public market investors alike are closely following M&A trends in the <\/strong>healthcare<\/a><\/strong> and <\/strong>banking<\/a><\/strong> sectors<\/strong>, with both industries having plenty of room to grow, says Doss. The Sisi administration\u2019s financial inclusion drive will boost the deposit base in the banking sector and expand the formal economy, attracting more interest to healthcare and financial services as opposed to oil and gas, a previous stalwart of foreign direct investment now suffering amid the global slump in demand.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 closed today down 0.69% on turnover of EGP 2.14 bn (34.1% above the 90-day average). Foreign investors were net sellers. The index is up 6.25% YTD. In the green: CI Capital Holding (+9.4%), Orascom Investment Holding (+7.6%) and Fawry (+2.2%). CI rose on word Banque Misr was making an offer for an additional […]<\/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":[144,4168,633,241,2471,642,3695],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564470","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-automotive","tag-dareen-el-arousy","tag-enterprisepm","tag-gb-auto","tag-gb-capital","tag-go-with-the-flow","tag-monette-doss","wpautop","entry"],"acf":{"mongo_id":"435b39d9-889a-4d2c-b39c-e5492fb2f650","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[564464],"teaser":"","voice_url":""},"yoast_head":"\nAuto is hot right now + could rising yields put a cap on EGX performance - 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\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto is hot right now + could rising yields put a cap on EGX performance\" \/>\n<meta property=\"og:description\" content=\"The EGX30 closed today down 0.69% on turnover of EGP 2.14 bn (34.1% above the 90-day average). Foreign investors were net sellers. The index is up 6.25% YTD. In the green: CI Capital Holding (+9.4%), Orascom Investment Holding (+7.6%) and Fawry (+2.2%). CI rose on word Banque Misr was making an offer for an additional […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T15:11:37+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Auto is hot right now + could rising yields put a cap on EGX performance\",\"datePublished\":\"2021-02-08T15:11:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/\"},\"wordCount\":722,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"automotive\",\"Dareen El Arousy\",\"EnterprisePM\",\"GB Auto\",\"GB Capital\",\"Go with the Flow\",\"Monette Doss\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/\",\"name\":\"Auto is hot right now + could rising yields put a cap on EGX performance - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-02-08T15:11:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Auto is hot right now + could rising yields put a cap on EGX performance\"}]},{\"@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":"Auto is hot right now + could rising yields put a cap on EGX performance - 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\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/","og_locale":"en_US","og_type":"article","og_title":"Auto is hot right now + could rising yields put a cap on EGX performance","og_description":"The EGX30 closed today down 0.69% on turnover of EGP 2.14 bn (34.1% above the 90-day average). Foreign investors were net sellers. The index is up 6.25% YTD. In the green: CI Capital Holding (+9.4%), Orascom Investment Holding (+7.6%) and Fawry (+2.2%). CI rose on word Banque Misr was making an offer for an additional […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-02-08T15:11:37+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Auto is hot right now + could rising yields put a cap on EGX performance","datePublished":"2021-02-08T15:11:37+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/"},"wordCount":722,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["automotive","Dareen El Arousy","EnterprisePM","GB Auto","GB Capital","Go with the Flow","Monette Doss"],"articleSection":["GO WITH THE FLOW"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/","name":"Auto is hot right now + could rising yields put a cap on EGX performance - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-02-08T15:11:37+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/auto-is-hot-right-now-could-rising-yields-put-a-cap-on-egx-performance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Auto is hot right now + could rising yields put a cap on EGX performance"}]},{"@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":566689,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/oih-dice-report-1q2021-earnings\/","url_meta":{"origin":564470,"position":0},"title":"OIH, Dice report 1Q2021 earnings","author":"enterpriseam admin","date":"7 July 2021","format":false,"excerpt":"EARNINGS WATCH- Orascom Investment Holding (OIH) reported net losses of EGP 31 mn in 1Q2021, compared to a net income of EGP 51.6 mn in the same quarter last year, according to its consolidated financials (pdf). Operating revenues were up to EGP 206.6 mn during the quarter from EGP 179.4\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":564886,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/04\/the-markets-on-4-march-2021\/","url_meta":{"origin":564470,"position":1},"title":"The markets on 4 March 2021","author":"enterpriseam admin","date":"4 March 2021","format":false,"excerpt":"The EGX30 fell 0.5% at today\u2019s close on turnover of EGP 1.16 bn (21.1% above the 90-day average). Local investors were net buyers. The index is up 4.5% YTD.In the green: GB Auto (+2.9%), Orascom Investment (+2.7%) and Orascom Development (+2.1%).In the red: Sidi Kerir (-2.3%), Qalaa Holding (-1.5%) and\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":554577,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/nbk-egypt-board-approves-egx-delisting\/","url_meta":{"origin":564470,"position":2},"title":"NBK Egypt board approves EGX delisting","author":"enterpriseam admin","date":"19 December 2021","format":false,"excerpt":"MARKET NEWS- NBK Egypt\u2019s board has approved plans to voluntarily delist its shares from the EGX, according to a bourse disclosure (pdf). Financial advisor Prime Capital valued the shares at EGP 20.03 and the bank will buy back shares from shareholders who want to sell their stakes. MARKET ROUNDUP-The EGX30\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":665962,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/what-the-markets-are-doing-on-26-may-2025\/","url_meta":{"origin":564470,"position":3},"title":"What the markets are doing on 26 May 2025","author":"enterpriseam admin","date":"26 May 2025","format":false,"excerpt":"The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 4.1 bn (11.6% below the 90-day average). Local investors were the sole net buyers. The index is up 7.3% YTD.In the green: Egypt Aluminum (+5.0%), GB Corp (+2.9%), and Orascom Development (+1.4%).In the red: Beltone Holding (-4.4%), Fawry (-3.8%),\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":556613,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/04\/egx-up-0-6-on-4-october-2021\/","url_meta":{"origin":564470,"position":4},"title":"EGX up 0.6% on 4 October 2021","author":"enterpriseam admin","date":"4 October 2021","format":false,"excerpt":"The EGX30 rose 0.6% at today\u2019s close on turnover of EGP 963 mn (38.4% below the 90-day average). Regional investors were net buyers. The index is down 3.9% YTD.In the green: Pioneers Holding (+5.0%), MM Group (+3.8%) and Fawry (+2.6%).In the red: Orascom Development Egypt (-3.3%), Rameda (-2.0%) and GB\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":557800,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/egx30-up-4-2-ytd\/","url_meta":{"origin":564470,"position":5},"title":"EGX30 up 4.2% YTD","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"The EGX30 rose 0.2% at today\u2019s close on turnover of EGP 1.86 bn (20% above the 90-day average). Local investors were net sellers. The index is up 4.2% YTD.In the green: Pioneers Holding (+5.1%), GB Auto (+3.4%) and MM Group (+2.2%).In the red: Fawry (-2.3%), Speed Medical (-1.0%), and Orascom\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\/564470","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=564470"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564470\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564464"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564470"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564470"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}