{"id":583420,"date":"2023-02-27T00:00:00","date_gmt":"2023-02-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/what-the-markets-are-doing-on-27-february-2023\/"},"modified":"2023-02-27T00:00:00","modified_gmt":"2023-02-27T00:00:00","slug":"what-the-markets-are-doing-on-27-february-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/what-the-markets-are-doing-on-27-february-2023\/","title":{"rendered":"What the markets are doing on 27 February, 2023"},"content":{"rendered":"

Oriental Weavers\u2019<\/span> net income fell 22% y-o-y to EGP 944 mn in 2022<\/span>, according to its <\/span>earnings release (pdf)<\/a><\/span>. Revenues for the year rose 16.2% to EGP 13.3 bn. On a 4Q basis, net income jumped 44% y-o-y to EGP 360 mn, while revenues rose 25.3% to EGP 3.8 bn.<\/span><\/p>\n

The EGX30 fell 0.7% at today\u2019s close<\/span> on turnover of EGP 1.90 bn (4.4% below the 90-day average). Local investors were net buyers. The index is up 17.1% YTD.<\/span><\/p>\n

In the green: <\/span>GB Auto (+3.6%), Rameda Pharma (+2.9%) and Credit Agricole Egypt (+2.1%).<\/span><\/p>\n

In the red: <\/span>Oriental Weavers (-2.9%), Abu Dhabi Islamic Bank (-2.7%) and CIB (-2.0%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Oriental Weavers\u2019 net income fell 22% y-o-y to EGP 944 mn in 2022, according to its earnings release (pdf). Revenues for the year rose 16.2% to EGP 13.3 bn. On a 4Q basis, net income jumped 44% y-o-y to EGP 360 mn, while revenues rose 25.3% to EGP 3.8 bn. The EGX30 fell 0.7% at […]<\/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":[68,633,642,1202],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583420","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-oriental-weavers","wpautop","entry"],"acf":{"mongo_id":"80e6b852-8860-43db-808c-e071f1de0e12","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[583407],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.23610415-0857-42ee-bb4a-b18f252632c5.mp3"},"yoast_head":"\nWhat the markets are doing on 27 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\/27\/what-the-markets-are-doing-on-27-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 27 February, 2023\" \/>\n<meta property=\"og:description\" content=\"Oriental Weavers\u2019 net income fell 22% y-o-y to EGP 944 mn in 2022, according to its earnings release (pdf). 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