{"id":583502,"date":"2023-03-02T00:00:00","date_gmt":"2023-03-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/02\/what-the-markets-are-doing-on-2-march-2023\/"},"modified":"2023-03-02T00:00:00","modified_gmt":"2023-03-02T00:00:00","slug":"what-the-markets-are-doing-on-2-march-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/02\/what-the-markets-are-doing-on-2-march-2023\/","title":{"rendered":"What the markets are doing on 2 March, 2023"},"content":{"rendered":"

Ibnsina Pharma\u2019s net income dropped 45.2% y-o-y to EGP 172.6 mn in 2022<\/span>, according to <\/span>the company\u2019s <\/span>earnings release (pdf)<\/a><\/span>. Revenues, meanwhile, inched up 2.4% to EGP 22.3 bn, driven by increases in the average selling price. On a 4Q basis, net income dipped 26.7% to EGP 53.2 mn, while revenues rose 7.9% to EGP 6.5 bn.<\/span><\/p>\n

The EGX30 fell 1.6% at today\u2019s close<\/span> on turnover of EGP 2.1 bn (4.1% above the 90-day average). Foreign investors were net sellers. The index is up 15.4% YTD.<\/span><\/p>\n

In the green: <\/span>AMOC<\/span> (+2.2%), Oriental Weavers (+2.2%) and Rameda Pharma (+1.7%).<\/span><\/p>\n

In the red: <\/span>Eastern Company<\/span> (-4.7%), Fawry (-4.1%) and Credit Agricole Egypt (-2.7%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Ibnsina Pharma\u2019s net income dropped 45.2% y-o-y to EGP 172.6 mn in 2022, according to the company\u2019s earnings release (pdf). Revenues, meanwhile, inched up 2.4% to EGP 22.3 bn, driven by increases in the average selling price. On a 4Q basis, net income dipped 26.7% to EGP 53.2 mn, while revenues rose 7.9% to EGP […]<\/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":[68,633,642,1414],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583502","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-ibnsina-pharma","wpautop","entry"],"acf":{"mongo_id":"70ee9abc-4989-4dbf-beba-eb047a2a920e","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[583486],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.760cdd33-39d2-471e-9647-a5070ef9a065.mp3"},"yoast_head":"\nWhat the markets are doing on 2 March, 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\/03\/02\/what-the-markets-are-doing-on-2-march-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 2 March, 2023\" \/>\n<meta property=\"og:description\" content=\"Ibnsina Pharma\u2019s net income dropped 45.2% y-o-y to EGP 172.6 mn in 2022, according to the company\u2019s earnings release (pdf). Revenues, meanwhile, inched up 2.4% to EGP 22.3 bn, driven by increases in the average selling price. 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Net revenue during the period inched up 0.4% y-o-y to EGP 15.81 bn.Export Development Bank of Egypt\u2019s net income rose 125.6% y-o-y to EGP 993.5 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":552148,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/second-quarter-earnings-overdose\/","url_meta":{"origin":583502,"position":3},"title":"Second-quarter earnings overdose","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"EARNINGS WATCH-Prime Holding narrowed its losses in 2Q 2022 to EGP 10.14 mn, from EGP 14.88 in the same quarter last year, according to the company\u2019s earnings release (pdf). 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