• Thursday, 2 June 2022

    Market roundup on 2 June 2022

    The EGX30 fell 0.8% at today’s close on turnover of EGP 447 mn (47% below the 90-day average). Local investors were net buyers. The index is down 16.3% YTD.In the green: Ibnsina Pharma (+7.1%), Madinet Nasr Housing (+6.3%) and Palm...
  • Wednesday, 25 May 2022

    The Market on 25 May 2022

    The EGX30 fell 1.6% at today’s close on turnover of EGP 694 mn (18.3% below the 90-day average). Arab investors were net buyers. The index is down 14.2% YTD.In the red: GB Auto (-10.7%), MM Group (-7.9%) and Ibn Sina...
  • Tuesday, 24 May 2022

    Earnings watch: Egytrans, TMG Holding

    EARNINGS WATCH- Egytrans turned to the black in 1Q2022, recording a bottom line of EGP 3.17 mn compared to EGP 20.05k in net losses in 1Q2021, according to Egytrans’ financials (pdf). Revenues also rose 64.8% y-o-y in 1Q2022 to EGP...
  • Monday, 23 May 2022

    Earnings watch: Amer Group

    EARNINGS WATCH- Amer Group’s bottom line fell 81.2% y-o-y in 1Q2022 to EGP 39.44 mn, according to the company’s financials (pdf). Revenues also fell during the quarter, recording EGP 618.15 mn, a nearly 40% y-o-y decline.MARKET ROUNDUP- The EGX30 rose...
  • Sunday, 22 May 2022

    Earnings watch: Arabian Cement

    EARNINGS WATCH- Arabian Cement returned to the black in 1Q2022, with its bottom line recording EGP 58.85 mn during the quarter compared to net losses of EGP 6.33 mn in 1Q2021, according to the company’s financials (pdf). The company’s sales...
  • Thursday, 19 May 2022

    What the markets are doing on 19 May 2022

    MARKET ROUNDUP-The EGX30 rose 0.8% at today’s close on turnover of EGP 693 mn (19.8% below the 90-day average). Regional investors were net buyers. The index is down 11.7% YTD.In the green: CIB (+2.9%), Orascom Construction (+2.9%) and Egypt Kuwait...
  • Wednesday, 18 May 2022

    Earnings watch: Orascom Development Egypt

    EARNINGS WATCH-Orascom Development Egypt’s bottom line rose 5.8% y-oy in 1Q2022 to EGP 463.71 mn, according to the company’s financials (pdf). Revenues rose 32.3% y-o-y to EGP 1.93 bn.MARKET ROUNDUP-The EGX30 rose 0.3% at today’s close on turnover of EGP...
  • Tuesday, 17 May 2022

    The market on 17 May 2022

    The EGX30 fell 0.2% at today’s close on turnover of EGP 614 mn (29.4% below the 90-day average). Foreign investors were net sellers. The index is down 12.6% YTD.In the green: TMG Holding (+2.7%), Credit Agricole Egypt (+2.7%) and Abu...
  • Sunday, 15 May 2022

    Earnings watch: AMOC, Credit Agricole, Export Development Bank, ADIB

    EARNINGS WATCH- Alexandria Minerals Oil Company’s (AMOC) bottom line rose roughly 638% in 9M 2021-2022 to EGP 762 mn, according to the company’s financials (pdf). The company’s revenues rose 72% y-o-y during the nine-month period to EGP 12.26 bn. Credit...

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