• Tuesday, 5 April 2022

    Market roundup on 5 April 2022

    The EGX30 fell 1.3% at today’s close on turnover of EGP 781.35 mn (20.1% below the 90-day average). Foreign investors were net sellers. The index is down 4.8% YTD.In the green: Fawry (+4.4%), EFG Hermes (+4.3%) and Ezz Steel (+1.4%).In...
  • Monday, 4 April 2022

    EKH approves dividend payouts

    Egypt Kuwait Holding’s general assembly has approved a dividend payout to shareholders of USD 0.07 per share, the company said in an EGX filing (pdf). MARKET ROUNDUP-The EGX30 fell 0.3% at today’s close on turnover of EGP 907.64 mn (7%...
  • Sunday, 3 April 2022

    e-Finance + TMG approve dividend payouts

    e-Finance will pay shareholders dividends of EGP 0.10 per share for FY2021, according to a decision by the ordinary general assembly announced in an EGX filing (pdf).Talaat Moustafa Group’s ordinary general assembly approved a dividend payout to shareholders of EGP...
  • Thursday, 31 March 2022

    Earnings watch: OIH, Domty, Arabia Investments Holding

    EARNINGS WATCH-Orascom Investment Holding saw a bottom line of EGP 564.0 mn in FY2021 compared to losses of EGP 103.22 mn in FY2020, according to the company’s financials (pdf). Revenues rose 495.2% y-o-y to EGP 27.92 mn in 2021.Domty’s bottom...
  • Wednesday, 30 March 2022

    Earnings watch: MM Group

    EARNINGS WATCH-MM Group’s bottom line rose 1.3% y-o-y to EGP 375.46 mn in 2021, according to the company’s financials (pdf). Total sales hit EGP 9.00 bn in 2021, up 3.7% y-o-y. MARKET ROUNDUP-The EGX30 fell 1.4% at today’s close on...
  • Monday, 28 March 2022

    CIB to distribute dividends to shareholders next Thursday

    MARKET NEWS-CIB will distribute next Thursday dividends to its shareholders on 1.98 bn shares at EGP 1.35 per share, the bank said in a disclosure (pdf) to the EGX today. MARKET ROUNDUP- The EGX30 fell 2.6% at today’s close on...
  • Sunday, 27 March 2022

    Market roundup on 27 March

    The EGX30 fell 1.4% at today’s close on turnover of EGP 1.0 bn (3% above the 90-day average). Foreign investors were net sellers. The index is down 3.4% YTD.In the green: Sidi Kerir Petrochem (+4.5%), Heliopolis Housing (+1.9%) and AMOC...
  • Thursday, 24 March 2022

    Earnings watch: Alexandria New Medical Center

    EARNINGS WATCH-Alexandria New Medical Center’s net income rose 27% y-o-y to EGP 26.45 mn in FY 2021, according to the company’s financial statement (pdf). Revenues increased 20.2% y-o-y during 2021 to EGP 271.13 mn. MARKET ROUNDUP-The EGX30 fell 0.3% at...
  • Wednesday, 23 March 2022

    Earnings watch: Egyptian Resorts Company

    EARNINGS WATCH- Egyptian Resorts Company saw its losses decline to EGP 4.5 mn in FY2021 compared to losses of EGP 44.6 mn in 2020, according to ERC’s financial statements (pdf). Total operating revenues increased nearly 22% y-oy during 2021 to...

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