The EGX30 ended today’s session flat on turnover of EGP 1.0 bn (30.8% below the 90-day average). Local investors were net buyers. The index is down 2.6% YTD.

In the green: Heliopolis Housing (+7.7%), Cleopatra Hospital (+4.1%) and Orascom Financial (+3.2%).

In the red: Abu Qir Fertilizers (-2.1%), CI Capital (-1.5%) and CIB (-1.0%).

Pharos topped the March brokerage league table with a market share of 31.4%, EGX figures (pdf) showed. Traditional first-place holder EFG Hermes came in second at 10.2%. Rounding out the top five: CI Capital (6.9%), Beltone (5.9%), and Mubasher (4.2%).

EARNINGS WATCH-

Arabia Investments Holding’s (AIH) FY2020 net profits increased 15% y-o-y to EGP 95 mn from EGP 83 mn last year, according to a company earnings release (pdf). Revenues for the year were up 31% y-o-y to EGP 1.6 bn, driven by 30.6% y-o-y growth in construction and building materials revenues, and a 39% y-o-y growth in the non-banking financial services (NBFS) revenues. Subsidiary UE Finance saw its portfolio increase 175% y-o-y to EGP 2.3 bn.

Looking ahead, AIH plans to double its business over the coming three years through new services and products, expanding geographically, and adding new investments and companies to its NBFS portfolio.

Sinai Cement reported a net loss of EGP 560 mn in FY2020, down 26% y-o-y from a net loss of EGP 446 mn last year, the company said in its earnings release (pdf). Total sales revenues for the year grew 18% y-o-y to EGP 889 mn from EGP 752 mn in 2019.