{"id":603753,"date":"2023-08-20T00:00:00","date_gmt":"2023-08-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/"},"modified":"2023-08-20T00:00:00","modified_gmt":"2023-08-20T00:00:00","slug":"what-the-markets-are-doing-on-20-august-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/","title":{"rendered":"What the markets are doing on 20 August, 2023"},"content":{"rendered":"

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

Raya Holding\u2019s <\/strong> net income <\/strong> after minority interest rose 46% y-o-y to EGP 144 mn in 2Q <\/strong> 2023<\/strong>, according to the company\u2019s earnin<\/a> gs release (p<\/a> df<\/a> )<\/a>. Revenues grew 71% y-o-y during the quarter to EGP 7.97 bn. The company attributed the growth in its topline primarily to its trade business unit, which accounted for 43% of earnings, followed by the IT unit, the fintech NBFS unit and Raya CX. Raya\u2019s net income rose 99.3% y-o-y in 1H 2023 to EGP 14.5 bn.<\/p>\n

Alexandria Container and Cargo Handling reported EGP 4.3 bn in net income after taxes <\/strong> in 1H 2023, up 110.2% y-o-y, <\/strong> according to the company\u2019s earnings<\/a> release<\/a> (pdf)<\/a>. Revenues climbed 69.2% y-o-y to EGP 4.8 bn during the same period.<\/p>\n

!_InsertLink_! <\/p>\n

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

The EGX30 rose 0.4% at today\u2019s close <\/strong> on turnover of EGP 1.6 bn (21.2% below the 90-day average). Regional investors were net buyers. The index is up 23.5% YTD.<\/p>\n

In the green: <\/strong>TMG Holding (+3.3%), Eastern Company (+2.9%) and Beltone Financial Holding (+2.3%).<\/p>\n

In the red: <\/strong>Mopco (-1.2%), B Investments Holding (-1.2%) and Elsewedy Electric (-1.0%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Raya Holding\u2019s net income after minority interest rose 46% y-o-y to EGP 144 mn in 2Q 2023, according to the company\u2019s earnin gs release (p df ). Revenues grew 71% y-o-y during the quarter to EGP 7.97 bn. The company attributed the growth in its topline primarily to its trade business unit, which […]<\/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":[2453,68,633,642,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603753","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-alexandria-container-and-cargo-handling","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"2d040b17-ae10-49e8-b4ee-317e27aa318b","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[603739],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.75c19c57-cfdd-4491-8534-67357c06ecac.mp3"},"yoast_head":"\nWhat the markets are doing on 20 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\/20\/what-the-markets-are-doing-on-20-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 20 August, 2023\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Raya Holding\u2019s net income after minority interest rose 46% y-o-y to EGP 144 mn in 2Q 2023, according to the company\u2019s earnin gs release (p df ). Revenues grew 71% y-o-y during the quarter to EGP 7.97 bn. The company attributed the growth in its topline primarily to its trade business unit, which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-20T00:00:00+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What the markets are doing on 20 August, 2023\",\"datePublished\":\"2023-08-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/\"},\"wordCount\":173,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alexandria Container and Cargo Handling\",\"EGX\",\"EnterprisePM\",\"Go with the Flow\",\"Raya Holding\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/\",\"name\":\"What the markets are doing on 20 August, 2023 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2023-08-20T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-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 20 August, 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 20 August, 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\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/","og_locale":"en_US","og_type":"article","og_title":"What the markets are doing on 20 August, 2023","og_description":"EARNINGS WATCH- Raya Holding\u2019s net income after minority interest rose 46% y-o-y to EGP 144 mn in 2Q 2023, according to the company\u2019s earnin gs release (p df ). Revenues grew 71% y-o-y during the quarter to EGP 7.97 bn. The company attributed the growth in its topline primarily to its trade business unit, which […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-08-20T00:00:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What the markets are doing on 20 August, 2023","datePublished":"2023-08-20T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/"},"wordCount":173,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Alexandria Container and Cargo Handling","EGX","EnterprisePM","Go with the Flow","Raya Holding"],"articleSection":["GO WITH THE FLOW"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/","name":"What the markets are doing on 20 August, 2023 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2023-08-20T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-2023\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/what-the-markets-are-doing-on-20-august-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 20 August, 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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":616773,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/11\/ci-capital-ode-raya-holding-report-2023-earnings\/","url_meta":{"origin":603753,"position":0},"title":"CI Capital, ODE, Raya Holding report 2023 earnings","author":"enterpriseam admin","date":"11 March 2024","format":false,"excerpt":"CI Capital saw strong top and bottomline growth driven by solid performances among its NBFS and investment bank","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2426.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603219,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/15\/gb-corp-raya-cx-ekh-holding-tmg-holding-report-1h-earnings\/","url_meta":{"origin":603753,"position":1},"title":"GB Corp, Raya CX, EKH Holding + TMG Holding report 1H earnings","author":"enterpriseam admin","date":"15 August 2023","format":false,"excerpt":"We\u2019re close to the end of 2Q earnings season","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/721.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":675647,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/17\/raya-holding-ekh-ibnsina-and-more-report-earnings\/","url_meta":{"origin":603753,"position":2},"title":"Raya Holding, EKH, Ibnsina, and more report earnings","author":"enterpriseam admin","date":"17 November 2025","format":false,"excerpt":"Raya Holding saw its net income after minority interest rise 47.0% y-o-y during 9M 2025","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663879,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/raya-holding-reports-solid-2024-results\/","url_meta":{"origin":603753,"position":3},"title":"Raya Holding reports solid 2024 results","author":"enterpriseam admin","date":"16 April 2025","format":false,"excerpt":"The group\u2019s revenues reached EGP 45.1 bn in FY 2024, up 44% y-o-y","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/951.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639825,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/15\/efg-holding-edita-raya-holding-more-report-quarterly-earnings\/","url_meta":{"origin":603753,"position":4},"title":"EFG Holding, Edita, Raya Holding, more report quarterly earnings","author":"enterpriseam admin","date":"15 August 2024","format":false,"excerpt":"EFG Holding saw its net income after tax and minority interest almost double y-o-y during 2Q 2024","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1775.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620959,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/29\/phd-ci-capital-raya-holding-gb-corp-report-1q-earnings\/","url_meta":{"origin":603753,"position":5},"title":"PHD, CI Capital, Raya Holding, GB Corp report 1Q earnings","author":"enterpriseam admin","date":"29 May 2024","format":false,"excerpt":"Palm Hills\u2019 sales jumped 377% y-o-y to a record of EGP 32.3 bn","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603753","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=603753"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603753\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/603739"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603753"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603753"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}