• Monday, 20 March 2023

    What the markets are doing on 20 March, 2023

    The EGX30 rose 1.7% at today’s close on turnover of EGP 1.37 bn (34.1% below the 90-day average). Local investors were net sellers. The index is up 2.2% YTD.In the green: Cleopatra Hospitals Group (+7.0%), Oriental Weavers (+6.8%) and Qalaa...
  • Sunday, 19 March 2023

    What the markets are doing on 19 March, 2023

    The EGX30 fell 0.2% at today’s close on turnover of EGP 926 mn (55.5% below the 90-day average). Regional investors were net buyers. The index is up 0.6% YTD.In the green: Abu Dhabi Islamic Bank (+4.8%), Juhayna (+4.2%) and Credit...
  • Thursday, 16 March 2023

    What the markets are doing on 16 March, 2023

    The EGX30 fell 0.1% at today’s close on turnover of EGP 2.1 bn (1.6% above the 90-day average). Foreign investors were net sellers. The index is up 0.7% YTD.In the green: Sidi Kerir Petrochemicals (+7.8%), Elsewedy Electric (+2.9%) and GB...
  • Wednesday, 15 March 2023

    Earnings watch: Mopco reports 2022 results

    EARNINGS WATCH-Misr Fertilizers Production Company's (Mopco) consolidated net income after tax rose 51% y-o-y to EGP 7.3 bn in 2022, according to an EGX disclosure (pdf). Revenues recorded EGP 18.9 bn, up 84% y-o-y. MARKET ROUNDUP-The EGX30 fell 4.2% at...
  • Tuesday, 14 March 2023

    What the markets are doing on 14 March, 2023

    The EGX30 fell 0.5% at today’s close on turnover of EGP 1.2 bn (41.7% below the 90-day average). Foreign investors were net sellers. The index is up 5.2% YTD.In the green: Heliopolis Housing and Development (+3.6%), Qalaa Holdings (+3.3%) and...
  • Sunday, 12 March 2023

    Earnings watch: CI Capital + Raya Holding

    EARNINGS WATCH-CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022, rising 17% y-o-y. the company said in an earnings release (pdf). The group saw record revenues of EGP 3.9 bn during the year,...
  • Thursday, 9 March 2023

    Sinai Cement narrows losses in 2022

    EARNINGS WATCH-Sinai Cement’s consolidated net losses narrowed to EGP 330.4 mn in 2022, from EGP 354 mn the year before, according to the company’s earnings release (pdf). The company’s total sales for the year rose 62.3% y-o-y to EGP 2.3...
  • Wednesday, 8 March 2023

    What the markets are doing on 8 March, 2023

    The EGX30 fell 0.7% at today’s close on turnover of EGP 1.6 bn (21.9% below the 90-day average). Local investors were net buyers. The index is up 11.8% YTD.In the green: Telecom Egypt (+4.8%), CIB (+1.9%) and Madinet Nasr for...
  • Tuesday, 7 March 2023

    What the markets are doing on 7 March, 2023

    The EGX30 fell 2.2% at today’s close on turnover of EGP 1.9 bn (6.9% belo the 90-day average). Local investors were net buyers. The index is up 12.6% YTD.In the green: Ezz Steel (+3.4%).In the red: Qalaa Holdings (-4.6%), Telecom...

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