{"id":583304,"date":"2023-02-16T00:00:00","date_gmt":"2023-02-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/what-the-markets-are-doing-on-16-february-2023\/"},"modified":"2023-02-16T00:00:00","modified_gmt":"2023-02-16T00:00:00","slug":"what-the-markets-are-doing-on-16-february-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/what-the-markets-are-doing-on-16-february-2023\/","title":{"rendered":"What the markets are doing on 16 February, 2023"},"content":{"rendered":"

EARNINGS WATCH-<\/span><\/p>\n

Talaat Moustafa Group reported EGP 2.23 bn in 2022 net income, rising 25% y-o-y<\/span>,<\/span> according to the <\/span>company\u2019s financials (pdf)<\/a><\/span>. Revenues for the year increased 29% y-o-y to EGP <\/span>19.87 bn.<\/span><\/p>\n

<\/p>\n

\n

MARKET ROUNDUP-<\/span><\/p>\n

The EGX30 fell 0.2% at today\u2019s close<\/span> on turnover of EGP 2.5 bn (29.8% above the 90-day<\/span> average). Foreign investors were net sellers. The index is up 19.8% YTD.<\/span><\/p>\n

In the green: <\/span>Alexandria Mineral Oils Company<\/span> (+7.3%), Elsewedy Electric (+5.9%) and Qalaa Holdings (+3.8%).<\/span><\/p>\n

In the red: <\/span>Rameda Pharma<\/span> (-2.7%), Juhayna (-1.8%) and Telecom Egypt (-1.7%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Talaat Moustafa Group reported EGP 2.23 bn in 2022 net income, rising 25% y-o-y, according to the company\u2019s financials (pdf). Revenues for the year increased 29% y-o-y to EGP 19.87 bn. MARKET ROUNDUP- The EGX30 fell 0.2% at today\u2019s close on turnover of EGP 2.5 bn (29.8% above the 90-day average). Foreign investors […]<\/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":[68,633,642,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583304","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"8ce160fe-113f-497d-a8cc-6f29f9fa1df4","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[583287],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.425ff035-d39a-42fc-9d47-f6dfe6f0eae3.mp3"},"yoast_head":"\nWhat the markets are doing on 16 February, 2023 - 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\/2023\/02\/16\/what-the-markets-are-doing-on-16-february-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the markets are doing on 16 February, 2023\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Talaat Moustafa Group reported EGP 2.23 bn in 2022 net income, rising 25% y-o-y, according to the company\u2019s financials (pdf). 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Revenues rose 42% y-o-y to reach EGP 1.3 bn, up from EGP 945 mn in 1Q2018. 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