{"id":610002,"date":"2023-11-13T00:00:00","date_gmt":"2023-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/what-the-markets-are-doing-on-13-november-2023\/"},"modified":"2023-11-13T00:00:00","modified_gmt":"2023-11-13T00:00:00","slug":"what-the-markets-are-doing-on-13-november-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/what-the-markets-are-doing-on-13-november-2023\/","title":{"rendered":"What the markets are doing on 13 November. 2023"},"content":{"rendered":"

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

Edita is paying out dividends of EGP 299.7 mn at EGP 0.43 per share on its 2022 earnings<\/strong>, the snackmaker said in an EGX disclosure (pdf)<\/a>. The dividend will be distributed on 30 November, as per the general assembly\u2019s approval (pdf)<\/a> on 5 November. The company\u2019s net income<\/a> more than doubled in 2022 to EGP 959.4 mn.<\/p>\n

\n

\n

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

The EGX30 rose 0.2% at today\u2019s close<\/strong> on turnover of EGP 3.4 bn (32.4% above the 90-day average). Foreign investors were net buyers. The index is up 64.1% YTD.<\/p>\n

In the green: <\/strong>Telecom Egypt (+12.4%), Eastern Company (+7.3%) and Alexandria Containers and Goods (+2.4%).<\/p>\n

In the red: <\/strong>Mopco (-3.9%), Abu Qir Fertilizers (-3.2%) and Heliopolis Housing (-2.9%).<\/p>\n","protected":false},"excerpt":{"rendered":"

MARKET NEWS- Edita is paying out dividends of EGP 299.7 mn at EGP 0.43 per share on its 2022 earnings, the snackmaker said in an EGX disclosure (pdf). The dividend will be distributed on 30 November, as per the general assembly\u2019s approval (pdf) on 5 November. The company\u2019s net income more than doubled in 2022 […]<\/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":[191,68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610002","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-edita","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"8c23a638-8377-4772-8ce4-c82018673176","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[609985],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.6266cadf-1485-4711-aa6a-e3dd62532bb8.mp3"},"yoast_head":"\nWhat the markets are doing on 13 November. 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\/11\/13\/what-the-markets-are-doing-on-13-november-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 November. 2023\" \/>\n<meta property=\"og:description\" content=\"MARKET NEWS- Edita is paying out dividends of EGP 299.7 mn at EGP 0.43 per share on its 2022 earnings, the snackmaker said in an EGX disclosure (pdf). 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The EGX-listed snackmaker said it would repurchase 36.2 mn shares, a program that would cost\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/131.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553120,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/edita-to-buy-back-another-3-8-of-shares-over-3-months\/","url_meta":{"origin":610002,"position":1},"title":"Edita to buy back another 3.8% of shares over 3 months","author":"enterpriseam admin","date":"20 October 2022","format":false,"excerpt":"Edita\u2019s board of directors has approved plans to buy back 3.8% of its shares as the company looks to support its share price, it said in disclosures to the EGX (pdf and pdf) yesterday. The company will repurchase 28 mn shares over the next three months, taking its buyback program\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":585174,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/11\/what-the-markets-are-doing-on-11-april-2023\/","url_meta":{"origin":610002,"position":2},"title":"What the markets are doing on 11 April, 2023","author":"enterpriseam admin","date":"11 April 2023","format":false,"excerpt":"MARKET NEWS-Rameda Pharma will distribute EGP 127.9 mn worth of bonus shares at EGP 0.5073 per share, according to an EGX disclosure (pdf). The issuance will raise the company\u2019s issued capital to EGP 380 mn and the number of its shares to 1.5 bn. MARKET ROUNDUP-The EGX30 rose 1.4% at\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":565804,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/the-market-on-5-may-2021\/","url_meta":{"origin":610002,"position":3},"title":"The market on 5 May 2021","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"The EGX30 rose 0.5% at today\u2019s close on turnover of EGP 896 mn (29.1% below the 90-day average). Foreign investors were net buyers. The index is down 3.1% YTD.In the green: Pioneers (+3.3%), Orascom Development (+2.5%) and Oriental Weavers (+1.9%).In the red: GB Auto (-2.4%), Credit Agricole (-1.6%) and Edita\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":582552,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/09\/sinai-cement-narrows-losses-in-2022\/","url_meta":{"origin":610002,"position":4},"title":"Sinai Cement narrows losses in 2022","author":"enterpriseam admin","date":"9 March 2023","format":false,"excerpt":"EARNINGS WATCH-Sinai Cement\u2019s consolidated net losses narrowed to EGP 330.4 mn in 2022, from EGP 354 mn the year before, according to the company\u2019s earnings release (pdf). The company\u2019s total sales for the year rose 62.3% y-o-y to EGP 2.3 bn.MARKET ROUNDUP-The EGX30 rose 0.9% at today\u2019s close on turnover\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":587136,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/22\/what-the-markets-are-doing-on-22-may-2023\/","url_meta":{"origin":610002,"position":5},"title":"What the markets are doing on 22 May, 2023","author":"enterpriseam admin","date":"22 May 2023","format":false,"excerpt":"EARNINGS WATCH-The Export Development Bank\u2019s bottomline rose 86.8% y-o-y to EGP 564 mn in 1Q 2023, according to a disclosure to the bourse (pdf). This is attributed to the increase in the bank\u2019s portfolio of client deposits and the increase in net interest margins. The bank\u2019s credit portfolio saw an\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\/610002","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=610002"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610002\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/609985"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610002"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610002"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}