{"id":584278,"date":"2023-03-28T00:00:00","date_gmt":"2023-03-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/28\/what-the-markets-are-doing-on-28-march-2023\/"},"modified":"2023-03-28T00:00:00","modified_gmt":"2023-03-28T00:00:00","slug":"what-the-markets-are-doing-on-28-march-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/28\/what-the-markets-are-doing-on-28-march-2023\/","title":{"rendered":"What the markets are doing on 28 March, 2023"},"content":{"rendered":"

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

Contact Financial Holding will pay out dividends of c. EGP 0.25 per share for 2022<\/span>, after the<\/span> company\u2019s ordinary general assembly signed off on the payout last week, according to <\/span>an EGX disclosure<\/a><\/span>(pdf)<\/a><\/span>.<\/span><\/p>\n

<\/p>\n

\n

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

The EGX30 fell 0.3% at today\u2019s close<\/span> on turnover of EGP 1.6 bn (21.4% below the 90-day<\/span> average). Foreign investors were net sellers. The index is up 9.0% YTD.<\/span><\/p>\n

In the green: <\/span>Sidi Kerir Petrochemicals<\/span> (+7.5%), Ezz Steel (+7.4%) and Elsewedy Electric (+6.5%).<\/span><\/p>\n

In the red: <\/span>CIB<\/span> (-3.9%), Rameda Pharma (-1.9%) and EFG Hermes Holding (-1.7%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MARKET NEWS- Contact Financial Holding will pay out dividends of c. EGP 0.25 per share for 2022, after the company\u2019s ordinary general assembly signed off on the payout last week, according to an EGX disclosure(pdf). MARKET ROUNDUP- The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 1.6 bn (21.4% below the 90-day average). […]<\/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":[933,68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584278","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-contact-financial","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"5557c1e3-84aa-4580-b3e3-c8e4cdbbcd83","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[584264],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.ba300add-57d1-49ae-a83d-54af866914ff.mp3"},"yoast_head":"\nWhat the markets are doing on 28 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\/28\/what-the-markets-are-doing-on-28-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 28 March, 2023\" \/>\n<meta property=\"og:description\" content=\"MARKET NEWS- Contact Financial Holding will pay out dividends of c. 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The move will limit fluctuations in the two companies\u2019 shares more\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":583119,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/08\/what-the-markets-are-doing-on-8-february-2023\/","url_meta":{"origin":584278,"position":3},"title":"What the markets are doing on 8 February, 2023","author":"enterpriseam admin","date":"8 February 2023","format":false,"excerpt":"MARKET NEWS-Raya Holding for Financial Investments is paying out dividends of EGP 0.035 per share on its earnings from FY2021-2022, the company said in an EGX disclosure (pdf). MARKET ROUNDUP-The EGX30 rose 0.3% at today\u2019s close on turnover of EGP 1.93 bn (5.1% above the 90-day average). Regional investors were\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":566580,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/go-with-the-flow-on-28-june\/","url_meta":{"origin":584278,"position":4},"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":566040,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/one-step-closer-to-another-listing\/","url_meta":{"origin":584278,"position":5},"title":"One step closer to another listing","author":"enterpriseam admin","date":"24 May 2021","format":false,"excerpt":"Trading of Egyptian Iron and Steel shares will be suspended as of tomorrow, pending approval from the EGX listing committee on the listing of shares of its mining spinoff on EGX, the company said in a bourse filing (pdf) this morning. 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