{"id":565046,"date":"2021-03-15T14:00:10","date_gmt":"2021-03-15T14:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/"},"modified":"2021-03-15T14:00:10","modified_gmt":"2021-03-15T14:00:10","slug":"the-market-on-15-march-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/","title":{"rendered":"The market on 15 March 2021"},"content":{"rendered":"

The EGX30 fell 0.6% at today\u2019s close<\/strong> on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors were net buyers. The index is up 3.48% YTD.<\/p>\n

In the green: <\/strong>GB Auto (+3.0%), Eastern Co. (+1.2%) and EKH (+1.0%).<\/p>\n

In the red: <\/strong>Orascom Financial (-4.2%), Credit Agricole (-3.7%) and Heliopolis Housing (-3.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 fell 0.6% at today\u2019s close on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors were net buyers. The index is up 3.48% YTD. In the green: GB Auto (+3.0%), Eastern Co. (+1.2%) and EKH (+1.0%). In the red: Orascom Financial (-4.2%), Credit Agricole (-3.7%) and Heliopolis Housing (-3.3%).<\/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":[205,1668,633,241,642,157,553],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565046","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-credit-agricole","tag-egypt-kuwait-holding","tag-enterprisepm","tag-gb-auto","tag-go-with-the-flow","tag-heliopolis-housing-and-development","tag-orascom-financial-holding","wpautop","entry"],"acf":{"mongo_id":"a9d511f0-38d6-4fb6-8532-b52a0596048c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[565037],"teaser":"","voice_url":""},"yoast_head":"\nThe market on 15 March 2021 - 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\/03\/15\/the-market-on-15-march-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The market on 15 March 2021\" \/>\n<meta property=\"og:description\" content=\"The EGX30 fell 0.6% at today\u2019s close on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors were net buyers. The index is up 3.48% YTD. In the green: GB Auto (+3.0%), Eastern Co. (+1.2%) and EKH (+1.0%). 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Local investors were net sellers. The index is up 36.3% YTD. In the green: EFG Holding (+3.2%), Heliopolis Housing (+2.8%) and Oriental Weavers (+2.2%). In the red: Orascom Construction (-8.3%), Fawry (-3.5%)\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":613474,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/what-the-markets-are-doing-on-15-january-2024\/","url_meta":{"origin":565046,"position":1},"title":"What the markets are doing on 15 January, 2024","author":"enterpriseam admin","date":"15 January 2024","format":false,"excerpt":"The EGX30 rose 1.1% at today\u2019s close on turnover of EGP 5.3 bn (55.6% above the 90-day average). Foreign investors were net buyers. The index is up 5.45% YTD.In the green: Eastern Company (+4.8%), Credit Agricole (+3.5%) and Orascom Development (+2.5%).In the red: Heliopolis Housing (-2.7%), Oriental Weavers (-2.0%) 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":684671,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/01\/edita-kima-heliopolis-housing-and-orascom-investment-holding-join-the-egx30-in-semi-annual-shuffle\/","url_meta":{"origin":565046,"position":2},"title":"Edita, Kima, Heliopolis Housing, and Orascom Investment Holding join the EGX30 in semi-annual shuffle","author":"enterpriseam admin","date":"1 February 2026","format":false,"excerpt":"The changes will trigger mandatory portfolio adjustments for passive funds","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566580,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/go-with-the-flow-on-28-june\/","url_meta":{"origin":565046,"position":3},"title":"Go with the flow on 28 June","author":"enterpriseam admin","date":"28 June 2021","format":false,"excerpt":"The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 1.41 bn (11.4% above the 90-day average). Regional investors were net buyers. The index is down 5.3% YTD.In the green: GB Auto (+3.5%), Credit Agricole Egypt (+3.1%) and Abou Kir Fertilizers (+2.5%).In the red: Ezz Steel (-6.0%), Orascom Investment\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":603561,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/15\/what-the-markets-are-doing-on-15-august-2023\/","url_meta":{"origin":565046,"position":4},"title":"What the markets are doing on 15 August, 2023","author":"enterpriseam admin","date":"15 August 2023","format":false,"excerpt":"EARNINGS WATCH- Oriental Weavers reported EGP 290 mn in attributable net income in 2Q 2023, up 37% y-o-y, according to the company\u2019s earnings release (pdf). The company\u2019s revenues rose 31% y-o-y to EGP 4.3 bn during the quarter. Net income in 1H 2023 climbed 56% y-o-y to EGP 700 mn,\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":545273,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/ofh-incurs-net-loss-of-egp-102-1-mn-in-first-13-months\/","url_meta":{"origin":565046,"position":5},"title":"OFH incurs net loss of EGP 102.1 mn in first 13 months","author":"enterpriseam admin","date":"16 March 2022","format":false,"excerpt":"EARNINGS WATCH- Orascom Financial Holding\u2019s (OFH) incurred a net loss of EGP 102.1 mn in the 13-month period since its establishment, the period between December 2020 and December 2021, according to OFH\u2019s financial statement (pdf). The company recorded operational revenues of EGP 362.4 mn and total revenues of EGP 522.1\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\/565046","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=565046"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565046\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565037"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565046"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565046"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}