• Thursday, 2 March 2023

    What the markets are doing on 2 March, 2023

    Ibnsina Pharma’s net income dropped 45.2% y-o-y to EGP 172.6 mn in 2022, according to the company’s earnings release (pdf). Revenues, meanwhile, inched up 2.4% to EGP 22.3 bn, driven by increases in the average selling price. On a 4Q...
  • Wednesday, 1 March 2023

    What the markets are doing on 1 March, 2023

    The EGX30 rose 0.7% at today’s close on turnover of EGP 2.19 bn (9.2% above the 90-day average). Foreign investors were net sellers. The index is up 17.3% YTD.In the green: Palm Hills Development (+3.9%), Qalaa Holding (+3.6%) and Mopco...
  • Tuesday, 28 February 2023

    What the markets are doing on 28 February, 2023

    Egytrans’ net income jumped 152.4% y-o-y to EGP 46.1 mn in 2022, according to an EGX disclosure (pdf). Revenues, meanwhile, rose 36.3% to EGP 400.1 mn.Export Development Bank’s (EBank) net income climbed 113.5% y-o-y to EGP 1.3 bn in 2022,...
  • Monday, 27 February 2023

    What the markets are doing on 27 February, 2023

    Oriental Weavers’ net income fell 22% y-o-y to EGP 944 mn in 2022, according to its earnings release (pdf). Revenues for the year rose 16.2% to EGP 13.3 bn. On a 4Q basis, net income jumped 44% y-o-y to EGP...
  • Sunday, 26 February 2023

    What the markets are doing on 26 February, 2023

    The EGX30 rose1.2% at today’s close on turnover of EGP 1.49 bn (25% below the 90-day average). Foreign investors were net sellers. The index is up 17.9% YTD.In the green: Egypt Kuwait Holding- EGP (+4.3%), Telecom Egypt (+4.2%) and Juhayna...
  • Thursday, 23 February 2023

    What the markets are doing on 23 February, 2023

    Arabian Cement’s net income grew more than tenfold y-o-y to EGP 359 mn in 2022, according to a disclosure (pdf). Revenues for the year, meanwhile, rose 91% y-o-y to EGP 4.7 bn. The EGX30 rose 1.35% at today’s close on...
  • Tuesday, 21 February 2023

    What the markets are doing on 21 February, 2023

    The EGX30 rose 1.3% at today’s close on turnover of EGP 1.72 bn (12.4% below the 90-day average). Foreign investors were net sellers. The index is up 16.7% YTD.In the green: Sidi Kerir Petrochemicals (+6.2%), Heliopolis Housing (+4.3%) and Ezz...
  • Monday, 20 February 2023

    What the markets are doing on 20 February, 2023

    The EGX30 fell 3.0% at today’s close on turnover of EGP 1.87 bn (4.2% below the 90-day average). Local investors were net sellers. The index is up 15.2% YTD.In the green: Juhayna (+0.1%).In the red: Ezz Steel (-5.9%), Elsewedy Electric...
  • Sunday, 19 February 2023

    What the markets are doing on 19 February, 2023

    The EGX30 fell 0.9% at today’s close on turnover of EGP 1.51 bn (22.5% below the 90-day average). Foreign investors were net sellers. The index is up 18.9% YTD.In the green: Orascom Construction (+0.4%),CIB (+0.2%) and CIRA Education (+0.1%).In the...

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