{"id":598477,"date":"2023-08-13T00:00:00","date_gmt":"2023-08-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/what-the-markets-are-doing-on-13-august-2023\/"},"modified":"2023-08-13T00:00:00","modified_gmt":"2023-08-13T00:00:00","slug":"what-the-markets-are-doing-on-13-august-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/what-the-markets-are-doing-on-13-august-2023\/","title":{"rendered":"What the markets are doing on 13 August, 2023"},"content":{"rendered":"

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

Talaat Moustafa Group Holding reported consolidated net income of 1.56 bn in 1H 2023 <\/strong>, rising 40% y-o-y, according to its ea<\/a> rnings release<\/a> (pdf)<\/a>. Revenues climbed 51% y-o-y to EGP 10.71 bn during the period. <\/p>\n

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

The EGX30 rose 0.8% at today\u2019s close <\/strong> on turnover of EGP 1.78 bn (10.5% below the 90-day average). Foreign investors were net buyers. The index is up 22.3% YTD.<\/p>\n

In the green: <\/strong>Ezz Steel (+5.7%), Alexandria Containers and Cargo Handling (+4.2%), and Beltone Financial Holding (+3.9%).<\/p>\n

In the red: <\/strong>Orascom Development Egypt (-1.1%), Juhayna (-0.4%), and B Investments (-0.2%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Talaat Moustafa Group Holding reported consolidated net income of 1.56 bn in 1H 2023 , rising 40% y-o-y, according to its ea rnings release (pdf). Revenues climbed 51% y-o-y to EGP 10.71 bn during the period. MARKET ROUNDUP- The EGX30 rose 0.8% at today\u2019s close on turnover of EGP 1.78 bn (10.5% below […]<\/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-598477","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":"e910ff9b-204f-4dd0-bcc1-1ec4adf63321","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[598463],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.102cdf00-2faa-4226-83df-13eb64406a3c.mp3"},"yoast_head":"\nWhat the markets are doing on 13 August, 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\/08\/13\/what-the-markets-are-doing-on-13-august-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 13 August, 2023\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Talaat Moustafa Group Holding reported consolidated net income of 1.56 bn in 1H 2023 , rising 40% y-o-y, according to its ea rnings release (pdf). 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The company\u2019s revenues rose 31% y-o-y to EGP 4.3 bn during the quarter. Net income in 1H 2023 climbed 56% y-o-y to EGP 700 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":603193,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/14\/what-the-markets-are-doing-on-14-august-2023\/","url_meta":{"origin":598477,"position":1},"title":"What the markets are doing on 14 August, 2023","author":"enterpriseam admin","date":"14 August 2023","format":false,"excerpt":"EARNINGS WATCH- Telecom Egypt reported EGP 2.9 bn in net income after tax in 2Q 2023 , up 19% y-o-y, according to its earnings release ( pdf ). The company\u2019s revenues came in at EGP 14.2 bn during the quarter, rising 29% y-o-y. 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The EGX30 fell 0.6% at today\u2019s close on\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":587506,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/what-the-markets-are-doing-on-28-may-2023\/","url_meta":{"origin":598477,"position":5},"title":"What the markets are doing on 28 May, 2023","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"EARNINGS WATCH-Talaat Moustafa Group reported around EGP 747.5 mn in net income in 1Q 2023, up about 32% y-o-y, according to an EGX disclosure (pdf). The company\u2019s revenues during the quarter came in at roughly EGP 4.44 bn, about 47% up y-o-y.Alexandria Container and Cargo Handling company reported EGP 3.2\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=598477"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598477\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/598463"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598477"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598477"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}