{"id":620658,"date":"2024-05-23T00:00:00","date_gmt":"2024-05-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/"},"modified":"2024-05-23T00:00:00","modified_gmt":"2024-05-23T00:00:00","slug":"what-the-markets-are-doing-on-23-may-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/","title":{"rendered":"What the markets are doing on 23 May 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 0.1% at today\u2019s close<\/strong> on turnover of EGP 5.3 bn (8.5% above the 90-day average). Regional investors were net sellers. The index is up 9.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Eastern Company (+5.3%), Madinet Masr (+4.8%) and EFG Holding (+3.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Mopco (-7.1%), Qalaa Holdings (-2.5%) and Orascom Development (-2.4%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX30 fell 0.1% at today\u2019s close on turnover of EGP 5.3 bn (8.5% above the 90-day average). Regional investors were net sellers. The index is up 9.3% YTD. In the green: Eastern Company (+5.3%), Madinet Masr (+4.8%) and EFG Holding (+3.3%). In the red: Mopco (-7.1%), Qalaa Holdings (-2.5%) and Orascom Development (-2.4%).<\/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-620658","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":"20b31aab-eb55-4653-831e-9207b30638fd","order":"10","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[620644],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.21a088b1-b5c5-49cd-a885-6cc1b9b22d00.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 23 May 2024 - 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\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/\" \/>\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 23 May 2024\" \/>\n<meta property=\"og:description\" content=\"The EGX30 fell 0.1% at today\u2019s close on turnover of EGP 5.3 bn (8.5% above the 90-day average). Regional investors were net sellers. The index is up 9.3% YTD. In the green: Eastern Company (+5.3%), Madinet Masr (+4.8%) and EFG Holding (+3.3%). In the red: Mopco (-7.1%), Qalaa Holdings (-2.5%) and Orascom Development (-2.4%).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T00:00:00+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\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What the markets are doing on 23 May 2024\",\"datePublished\":\"2024-05-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/\"},\"wordCount\":55,\"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\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/\",\"name\":\"What the markets are doing on 23 May 2024 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2024-05-23T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What the markets are doing on 23 May 2024\"}]},{\"@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 23 May 2024 - 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\/2024\/05\/23\/what-the-markets-are-doing-on-23-may-2024\/","og_locale":"en_US","og_type":"article","og_title":"What the markets are doing on 23 May 2024","og_description":"The EGX30 fell 0.1% at today\u2019s close on turnover of EGP 5.3 bn (8.5% above the 90-day average). 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Regional investors were net sellers. The index is up 4.0% YTD.In the green: Mopco (+5.3%), AMOC (+5.3%), and Juhayna (+3.9%).In the red: Palm Hills Development (-2.5%), Telecom Egypt (-1.3%), and Eastern Company\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":646807,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/01\/what-the-markets-are-doing-on-1-october-2024\/","url_meta":{"origin":620658,"position":1},"title":"What the markets are doing on 1 October 2024","author":"enterpriseam admin","date":"1 October 2024","format":false,"excerpt":"The EGX30 rose 0.9% at today\u2019s close on turnover of EGP 5.3 bn (31.9% above the 90-day average). International investors were the sole net sellers. The index is up 28.0% YTD.In the green: Edita (+5.3%), Juhayna (+5.2%), and Elsewedy Electric (+5.1%).In the red: Ezz Steel (-3.7%), Emaar Misr (-2.5%), and\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":608308,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/what-the-markets-are-doing-on-17-october-2023\/","url_meta":{"origin":620658,"position":2},"title":"What the markets are doing on 17 October, 2023","author":"enterpriseam admin","date":"17 October 2023","format":false,"excerpt":"The EGX30 rose 5.0% at today\u2019s close on turnover of EGP 5.3 bn (142.2% above the 90-day average). Regional investors were net buyers. The index is up 51.2% YTD.In the green: Mopco (+16.6%), TMG Holding (+15.3%) and Oriental Weavers (+14.3%).In the red: Orascom Construction (-2.9%) and B Investments Holding (-0.1%).","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":686578,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/19\/what-the-markets-are-doing-on-19-february-2026\/","url_meta":{"origin":620658,"position":3},"title":"What the markets are doing on 19 February 2026","author":"enterpriseam admin","date":"19 February 2026","format":false,"excerpt":"The EGX30 fell 3.0% at today\u2019s close on turnover of EGP 5.6 bn (9.7% below the 90-day average). Regional investors were the sole net sellers. The index is up 21.1% YTD.In the green: Rameda (+2.4%).In the red: Ibnsina Pharma (-5.4%), Raya Holding (-5.3%), and TMG Holding (-5.0%).","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":686605,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/22\/what-the-markets-are-doing-on-22-february-2026\/","url_meta":{"origin":620658,"position":4},"title":"What the markets are doing on 22 February 2026","author":"enterpriseam admin","date":"22 February 2026","format":false,"excerpt":"The EGX30 fell 2.2% at today\u2019s close on turnover of EGP 4.6 bn (26.4% below the 90-day average). Local investors were the sole net buyers. The index is up 18.5% YTD.In the green: Misr Cement (+2.1%), Edita (+0.8%), and Kima (+0.4%).In the red: Rameda (-5.7%), Fawry (-5.3%), and GB Corp\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":686794,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/01\/what-the-markets-are-doing-on-1-march-2026\/","url_meta":{"origin":620658,"position":5},"title":"What the markets are doing on 1 March 2026","author":"enterpriseam admin","date":"1 March 2026","format":false,"excerpt":"The EGX30 fell 2.5% at today\u2019s close on turnover of EGP 5.3 bn (16.3% below the 90-day average). Local investors were the sole net buyers. The index is up 14.7% YTD.In the green: Heliopolis Housing (+1.5%) In the red: E-finance (-5.4%), Kima (-5.1%), and Ibnsina Pharma (-4.9%).","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620658","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=620658"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620658\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/620644"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=620658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=620658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=620658"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=620658"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=620658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}