{"id":584461,"date":"2023-03-30T00:00:00","date_gmt":"2023-03-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/"},"modified":"2023-03-30T00:00:00","modified_gmt":"2023-03-30T00:00:00","slug":"what-the-markets-are-doing-on-30-march-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/","title":{"rendered":"What the markets are doing on 30 March, 2023"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EARNINGS WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Juhayna Food Industries reported net income after tax of EGP 164 mn in 4Q2022, <\/span><span style=\"\">up<\/span><span> 351% y-o-y, according to their <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/ER%204Q22%20ENG%20F_711.pdf\" style=\"\">earnings release (pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/ER%204Q22%20ENG%20F_711.pdf\" style=\"\">)<\/a><\/span><span>.<\/span><span style=\"font-weight:400;\">The company recorded EGP 3.2 bn in revenues during the period, up 40% y-o-y. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARKET ROUNDUP-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The EGX30 rose 0.04% at today\u2019s close<\/span><span style=\"font-weight:400;\"> on turnover of EGP 1.87 bn. Foreign investors were net sellers. The index is up 12.5% YTD.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the green: <\/span><span>Oriental Weavers<\/span><span style=\"font-weight:400;\"> (+4.1%), CIB (+2.2%) and Abu Qir Fertilizers (+1.5%).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the red: <\/span><span>Sidi Kerir Petrochemicals<\/span><span> (-4.2%), AMOC (-3.5%) and Rameda Pharma (-2.9%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Juhayna Food Industries reported net income after tax of EGP 164 mn in 4Q2022, up 351% y-o-y, according to their earnings release (pdf).The company recorded EGP 3.2 bn in revenues during the period, up 40% y-o-y. MARKET ROUNDUP- The EGX30 rose 0.04% at today\u2019s close on turnover of EGP 1.87 bn. Foreign investors [&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":[68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584461","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"f75a6686-2989-430d-91c5-bf5b5dae1e1d","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[584444],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.475e2ecf-c8c0-4ec9-b76f-b0902c88a4c6.mp3"},"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>What the markets are doing on 30 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\/30\/what-the-markets-are-doing-on-30-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 30 March, 2023\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Juhayna Food Industries reported net income after tax of EGP 164 mn in 4Q2022, up 351% y-o-y, according to their earnings release (pdf).The company recorded EGP 3.2 bn in revenues during the period, up 40% y-o-y. MARKET ROUNDUP- The EGX30 rose 0.04% at today\u2019s close on turnover of EGP 1.87 bn. Foreign investors [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-30T00:00:00+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\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What the markets are doing on 30 March, 2023\",\"datePublished\":\"2023-03-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"EnterprisePM\",\"Go with the Flow\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/\",\"name\":\"What the markets are doing on 30 March, 2023 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2023-03-30T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What the markets are doing on 30 March, 2023\"}]},{\"@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":"What the markets are doing on 30 March, 2023 - 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\/2023\/03\/30\/what-the-markets-are-doing-on-30-march-2023\/","og_locale":"en_US","og_type":"article","og_title":"What the markets are doing on 30 March, 2023","og_description":"EARNINGS WATCH- Juhayna Food Industries reported net income after tax of EGP 164 mn in 4Q2022, up 351% y-o-y, according to their earnings release (pdf).The company recorded EGP 3.2 bn in revenues during the period, up 40% y-o-y. 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The company\u2019s revenues also rose 80% y-o-y to EGP 11.2 bn.Obour Land\u2019s bottomline rose 42% y-o-y to EGP 135.7 mn in 4Q\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":552068,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/earnings-watch-mnhd-tmg-holding-report-2q-earnings\/","url_meta":{"origin":584461,"position":1},"title":"Earnings watch: MNHD, TMG Holding report 2Q earnings","author":"enterpriseam admin","date":"9 August 2022","format":false,"excerpt":"EARNINGS WATCH-Madinet Nasr for Housing and Development\u2019s bottomline dipped 0.9% y-o-y in 2Q2022 to EGP 116.7 mn, according to the company\u2019s earnings release (pdf). The company\u2019s revenues jumped 120% y-o-y during the quarter to EGP 972.3 mn.Talaat Moustafa Group Holding\u2019s bottomline increased 26% y-o-y in 2Q2022 to EGP 532.43 mn,\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":551167,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/earnings-watch-prime-holding-gsk\/","url_meta":{"origin":584461,"position":2},"title":"Earnings watch: Prime Holding, GSK,","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"EARNINGS WATCH- Prime Holding\u2019s bottom-line losses widened further in 1Q2022 to EGP 17.5 mn compared to EGP 11.4 mn in 1Q2021, according to an earnings release (pdf). Revenues fell 38% in 1Q2022 to EGP 20.1 mn.GlaxoSmithKline saw its bottom line soar 449.3% y-o-y in 2021 to EGP 154.63 mn, according\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":552148,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/second-quarter-earnings-overdose\/","url_meta":{"origin":584461,"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). The company\u2019s revenues dipped 3.5% y-o-y during the quarter to EGP 22.78 mn.MM Group reported a 40.6% y-o-y drop in its\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":551146,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/earnings-watch-mm-group-oriental-weavers-emaar-misr-report-1q2022-results\/","url_meta":{"origin":584461,"position":4},"title":"Earnings watch: MM Group, Oriental Weavers, Emaar Misr report 1Q2022 results","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"EARNINGS WATCH-MM Group reported a 60.1% y-o-y drop in its 1Q2022 bottom line, recording EGP 51 mn, according to an earnings release (pdf). The company\u2019s consolidated revenues also fell 22.9% y-o-y during the quarter to hit EGP 1.94 bn.Oriental Weavers recorded EGP 260.06 mn in net income in 1Q2022, down\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":566107,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/earnings-watch-talaat-moustafa-group-obourland\/","url_meta":{"origin":584461,"position":5},"title":"EARNINGS WATCH: Talaat Moustafa Group + Obourland","author":"enterpriseam admin","date":"27 May 2021","format":false,"excerpt":"EARNINGS WATCH- Talaat Moustafa Group\u2019s (TMG) consolidated bottom line after taxes and minority rights rose 19% y-o-y in 1Q2021 to EGP 447 mn, the company said in a bourse filing (pdf). 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