• Wednesday, 11 May 2022

    Ezz Steel to pay out dividends on 30 June

    MARKET NEWS- Ezz Steel will pay out dividends to its shareholders on 30 June at a price of EGP 0.80 per share, the company announced (pdf). MARKET ROUNDUP- The EGX30 rose 0.4% at today’s close on turnover of EGP 855...
  • Tuesday, 10 May 2022

    Market roundup on 10 May 2022

    The EGX30 fell 0.9% at today’s close on turnover of EGP 637 mn (27.5% below the 90-day average). Local investors were net buyers. The index is down 9.5% YTD.In the green: Cleopatra Hospital (+4.6%) and CIB (+0.2%).In the red: Abu...
  • Monday, 9 May 2022

    Market roundup on 9 May 2022

    The EGX30 fell 1.8% at today’s close on turnover of EGP 1.0 bn (12.2% above the 90-day average). Local investors were net buyers. The index is down 8.7% YTD.In the green: Orascom Development Egypt (+5.1%), e-Finance (+4.9%) and Egypt Kuwait...
  • Sunday, 8 May 2022

    Market roundup on 8 May 2022

    The EGX30 rose 0.6% at today’s close on turnover of EGP 907 mn (3.4% above the 90-day average). Local investors were net buyers. The index is down 7.0% YTD.In the green: Fawry (+6.5%), Madinet Nasr Housing (+5.4%) and Eastern Company...
  • Thursday, 28 April 2022

    Earnings watch: Abu Qir Fertilizers, Juhayna + Banque Misr purchases 42.8% of Banque du Caire + CI Capital to distribute dividends

    EARNINGS WATCH-Abu Qir Fertilizers’ bottom line rose 185% y-o-y in 9M 2021-2022 to EGP 6.96 bn, the company said in an EGX disclosure (pdf). This comes on the back of a 91% y-o-y increase in revenues to EGP 12.04 bn.Juhayna’s...
  • Wednesday, 27 April 2022

    Earnings watch: Alexandria Containers and Goods

    EARNINGS WATCH-Alexandria Containers and Goods saw its bottom line rise 25.1% y-o-y to EGP 1.27 mn in 9M 2021-2022, according to an EGX disclosure (pdf). Sales also increased during the period, rising 6.3% y-o-y to EGP 1.83 mn. MARKET ROUNDUP-The...
  • Tuesday, 26 April 2022

    Market roundup on 26 April 2022

    The EGX30 rose 1.3% at today’s close on turnover of EGP 708 mn (22% below the 90-day average). Foreign investors were net buyers. The index is down 10.6% YTD.In the green: AMOC (+5.4%), EFG Hermes (+4.9%), and Abu Qir Fertilizers...
  • Wednesday, 20 April 2022

    Market roundup on 20 April 2022

    The EGX30 fell 1.7% at today’s close on turnover of EGP 580 mn (36.6% below the 90-day average). Regional investors were net buyers. The index is down 12.6% YTD.In the green: Egypt Kuwait Holding-EGP (+3.5%), Cleopatra Hospital (+1.9%) and Madinet...
  • Tuesday, 19 April 2022

    Earnings Watch: Arabia Investments Holding

    EARNINGS WATCH-Arabia Investments Holding’s bottom line rose 8% y-o-y in 2021 to EGP 103 mn, the company said in an earnings release (pdf). Revenues increased 5% y-o-y to EGP 1.69 bn. MARKET ROUNDUP-The EGX30 fell 0.9% at today’s close on...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.