• Monday, 18 April 2022

    AMOC’s bottom line rose 638% y-o-y + Al Baraka Bank Egypt will issue bonus shares worth EGP 2.12 bn

    MARKET NEWS-Alexandria Mineral Oils Company’s (AMOC) bottom line rose 638% y-o-y to EGP 761.98 mn in the first nine months of FY2021-2022, according to an EGX disclosure (pdf) . This came on the back of a 73% y-o-y increase in...
  • Sunday, 17 April 2022

    Market roundup on 17 April 2022

    The EGX30 rose 0.3% at today’s close on turnover of EGP 645 mn (32% below the 90-day average). Regional investors were net buyers. The index is down 10.4% YTD.In the green: Egypt Kuwait Holding-EGP (+5.2%), GB Auto (+3.7%) and Oriental...
  • Thursday, 14 April 2022

    Market roundup on 14 April 2022

    The EGX30 fell 1.6% at today’s close on turnover of EGP 996 mn (4.6% above the 90-day average). Regional investors were net buyers. The index is down 10.6% YTD.In the green: CIRA (+10.3%), Fawry (+2.7%) and Cleopatra Hospital (+2.4%).In the...
  • Wednesday, 13 April 2022

    Raya Holding won’t distribute 2021 dividends

    MARKET NEWS- Raya Holding will not be distributing dividends to shareholders for the year ending on 31 December 2021, the company’s general assembly agreed, according to an EGX disclosure (pdf). MARKET ROUNDUP- The EGX30 fell 0.5% at today’s close on...
  • Tuesday, 12 April 2022

    Telecom Egypt to hand out dividends this month + QNB AlAhli reports 12% y-o-y rise in bottomline

    MARKET NEWS- QNB Alahli’s bottom line increased 12% y-o-y in 1Q2022 to EGP 2.21 bn, according to the bank’s earnings release (pdf).Telecom Egypt will pay out dividends to its shareholders on 26 April at a price of EGP 1 per...
  • Monday, 11 April 2022

    Market roundup on 11 April

    The EGX30 fell 1.6% at today’s close on turnover of EGP 837 mn (13.3% below the 90-day average). Foreign investors were net sellers. The index is down 10.2% YTD.In the green: Mopco (+2.1%), Cleopatra Hospital (+1.8%) and EFG Hermes (+1.1%).In...
  • Sunday, 10 April 2022

    Market roundup on 10 April 2022

    The EGX30 fell 1.8% at today’s close on turnover of EGP 597 mn (38.3% below the 90-day average). Regional investors were net sellers. The index is down 8.8% YTD.In the green: Egypt Kuwait Holding-EGP (+0.2%), Credit Agricole Egypt (+0.1%) and...
  • Thursday, 7 April 2022

    EFG Hermes to distribute EGP 973 mn-worth of bonus shares

    MARKET NEWS-EFG Hermes will increase its issued capital by over EGP 973 mn by distributing bonus shares at a rate of one bonus share per every five existing shares, according to an EGX disclosure (pdf).MARKET ROUNDUP- The EGX30 fell 2.2%...
  • Wednesday, 6 April 2022

    Market roundup on 6 April 2022

    The EGX30 fell 0.3% at today’s close on turnover of EGP 232.55 mn (76.2% below the 90-day average). Foreign investors were net sellers. The index is down 5.0% YTD.In the green: Qalaa Holdings (+6.7%), Rameda (+3.5%) and Eastern Company (+1.4%).In...

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