{"id":565804,"date":"2021-05-05T14:11:37","date_gmt":"2021-05-05T14:11:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/"},"modified":"2021-05-05T14:11:37","modified_gmt":"2021-05-05T14:11:37","slug":"the-market-on-5-may-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/","title":{"rendered":"The market on 5 May 2021"},"content":{"rendered":"<p><strong>The EGX30 rose 0.5% at today\u2019s close<\/strong> on turnover of EGP 896 mn (29.1% below the 90-day average). Foreign investors were net buyers. The index is down 3.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Pioneers (+3.3%), Orascom Development (+2.5%) and Oriental Weavers (+1.9%).<\/p>\n<p><strong>In the red: <\/strong>GB Auto (-2.4%), Credit Agricole (-1.6%) and Edita (-1.3%).<\/p>\n<p><strong>MARKET NEWS-<\/strong> <strong>B Investments is paying out EGP 200 mn in dividends in 2021, <\/strong>at EGP 1.25 per share, the company said in an <a href=\"https:\/\/bit.ly\/33fZULF\">EGX disclosure (pdf)<\/a> this morning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX30 rose 0.5% at today\u2019s close on turnover of EGP 896 mn (29.1% below the 90-day average). Foreign investors were net buyers. The index is down 3.1% YTD. In the green: Pioneers (+3.3%), Orascom Development (+2.5%) and Oriental Weavers (+1.9%). In the red: GB Auto (-2.4%), Credit Agricole (-1.6%) and Edita (-1.3%). MARKET NEWS- [&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":[140,1053,68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565804","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-b-investments","tag-dividends","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"ca39ef79-634f-4a24-8535-e1930e32202e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[565795],"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>The market on 5 May 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\/05\/05\/the-market-on-5-may-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 5 May 2021\" \/>\n<meta property=\"og:description\" content=\"The EGX30 rose 0.5% at today\u2019s close on turnover of EGP 896 mn (29.1% below the 90-day average). Foreign investors were net buyers. The index is down 3.1% YTD. In the green: Pioneers (+3.3%), Orascom Development (+2.5%) and Oriental Weavers (+1.9%). In the red: GB Auto (-2.4%), Credit Agricole (-1.6%) and Edita (-1.3%). MARKET NEWS- [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-05T14:11:37+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The market on 5 May 2021\",\"datePublished\":\"2021-05-05T14:11:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/\"},\"wordCount\":77,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"B Investments\",\"Dividends\",\"EGX\",\"EnterprisePM\",\"Go with the Flow\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/\",\"name\":\"The market on 5 May 2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-05-05T14:11:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The market on 5 May 2021\"}]},{\"@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":"The market on 5 May 2021 - 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\/05\/05\/the-market-on-5-may-2021\/","og_locale":"en_US","og_type":"article","og_title":"The market on 5 May 2021","og_description":"The EGX30 rose 0.5% at today\u2019s close on turnover of EGP 896 mn (29.1% below the 90-day average). Foreign investors were net buyers. The index is down 3.1% YTD. In the green: Pioneers (+3.3%), Orascom Development (+2.5%) and Oriental Weavers (+1.9%). In the red: GB Auto (-2.4%), Credit Agricole (-1.6%) and Edita (-1.3%). MARKET NEWS- [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-05-05T14:11:37+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\/2021\/05\/05\/the-market-on-5-may-2021\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The market on 5 May 2021","datePublished":"2021-05-05T14:11:37+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/"},"wordCount":77,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["B Investments","Dividends","EGX","EnterprisePM","Go with the Flow"],"articleSection":["GO WITH THE FLOW"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/","name":"The market on 5 May 2021 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-05-05T14:11:37+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"The market on 5 May 2021"}]},{"@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":550658,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/raya-holding-wont-distribute-2021-dividends\/","url_meta":{"origin":565804,"position":0},"title":"Raya Holding won\u2019t distribute 2021 dividends","author":"enterpriseam admin","date":"13 April 2022","format":false,"excerpt":"MARKET NEWS- Raya Holding will not be distributing dividends to shareholders for the year ending on 31 December 2021, the company\u2019s general assembly agreed, according to an EGX disclosure (pdf). MARKET ROUNDUP- The EGX30 fell 0.5% at today\u2019s close on turnover of EGP 765 mn (19.7% below the 90-day average).\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":580894,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/orascom-construction-announces-2022-dividend-payout\/","url_meta":{"origin":565804,"position":1},"title":"Orascom Construction announces 2022 dividend payout","author":"enterpriseam admin","date":"24 January 2023","format":false,"excerpt":"MARKET WATCH-Orascom Construction will pay out dividends of EGP 5.535 (USD 0.185) per share for 2022, redeemable on 9 February, it said in an EGX disclosure (pdf) earlier today. The company will pay out a total of EGP 646 mn (USD 21.6 mn) worth of dividends. Shareholders whose shares are\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":553000,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/13\/jufo-to-pay-2021-dividends\/","url_meta":{"origin":565804,"position":2},"title":"JUFO to pay 2021 dividends","author":"enterpriseam admin","date":"13 October 2022","format":false,"excerpt":"MARKET NEWS-Dairy company Juhayna will pay out dividends of EGP 0.35 a share for 2021, redeemable on 3 November, it said in an EGX disclosure (pdf). The EGX30 rose 0.5% at today\u2019s close on turnover of EGP 1.01 bn (2.9% above the 90-day average). Foreign investors were net sellers. The\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":586061,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/03\/elsewedy-electric-is-paying-out-dividends-sidpec-reports-1q-2023-earnings\/","url_meta":{"origin":565804,"position":3},"title":"Elsewedy Electric is paying out dividends + Sidpec reports 1Q 2023 earnings","author":"enterpriseam admin","date":"3 May 2023","format":false,"excerpt":"MARKET NEWS-Elsewedy Electric is paying out dividends of EGP 0.40 per share on its FY 2022-23 earnings, payable on 21 May, the company said in an EGX disclosure (pdf). EARNINGS WATCH-Sidi Kerir Petrochemicals Company reported net income after tax of EGP 520 mn in 1Q2023, up 107.2% y-o-y, the company\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":550899,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/ezz-steel-to-pay-out-dividends-on-30-june\/","url_meta":{"origin":565804,"position":4},"title":"Ezz Steel to pay out dividends on 30 June","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"MARKET NEWS- Ezz Steel will pay out dividends to its shareholders on 30 June at a price of EGP 0.80 per share, the company announced (pdf). MARKET ROUNDUP- The EGX30 rose 0.4% at today\u2019s close on turnover of EGP 855 mn (2% belowthe 90-day average). Foreign investors were net sellers.\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":550818,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/earnings-watch-abu-qir-fertilizers-juhayna-banque-misr-purchases-42-8-of-banque-du-caire-ci-capital-to-distribute-dividends\/","url_meta":{"origin":565804,"position":5},"title":"Earnings watch: Abu Qir Fertilizers, Juhayna + Banque Misr purchases 42.8% of Banque du Caire + CI Capital to distribute dividends","author":"enterpriseam admin","date":"28 April 2022","format":false,"excerpt":"EARNINGS WATCH-Abu Qir Fertilizers\u2019 bottom line rose 185% y-o-y in 9M 2021-2022 to EGP 6.96 bn, the company said in an EGX disclosure (pdf). This comes on the back of a 91% y-o-y increase in revenues to EGP 12.04 bn.Juhayna\u2019s bottom line rose 23% y-o-y in 2021 to EGP 526.39\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565804","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=565804"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565804\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565795"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565804"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565804"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}