• Tuesday, 22 March 2022

    Earnings watch: Maridive Oil and Services, Arab Dairy

    EARNINGS WATCH-Maridive Oil and Services narrowed its losses to USD 78.07 mn in FY2021, down from USD 143.26 mn the year before, according to the company’s financials (pdf). This came as the company’s revenues fell 36% to USD 115.83 mn,...
  • Sunday, 20 March 2022

    Orascom Development’s net income drops 52.9% y-o-y in 4Q2021

    EARNINGS WATCH- Orascom Development Egypt’s net income dropped 52.9% y-o-y in 4Q2021 to record EGP 100.70 mn, according to the company’s earnings release (pdf). Revenues rose 25% y-o-y to record EGP 2.15 bn. Annually, the company recorded EGP 1.31 bn...
  • Thursday, 17 March 2022

    Market roundup on 17 March 2022

    The EGX30 rose 0.2% at today’s close on turnover of EGP 1.4 bn (34% above the 90-day average). Foreign investors were net sellers. The index is down 10.2% YTD.In the green: MNHD (+4.2%), Rameda (+2.7%) and Palm Hills Developments (+2.6%).In...
  • Wednesday, 16 March 2022

    OFH incurs net loss of EGP 102.1 mn in first 13 months

    EARNINGS WATCH- Orascom Financial Holding’s (OFH) incurred a net loss of EGP 102.1 mn in the 13-month period since its establishment, the period between December 2020 and December 2021, according to OFH’s financial statement (pdf). The company recorded operational revenues...
  • Tuesday, 15 March 2022

    Market roundup on 15 March 2022

    The EGX30 rose less than 0.1% at today’s close on turnover of EGP 991 mn (7.4% above the 90-day average). Foreign investors were net sellers. The index is down 12.8% YTD.In the green: Mopco (+8.5%), Abu Qir Fertilizers (+6.1%) and...
  • Monday, 14 March 2022

    Market roundup on 14 March

    The EGX30 fell 0.6% at today’s close on turnover of EGP 771 mn (16.5% below the 90-day average). Local investors were net buyers. The index is down 12.8% YTD.In the green: MM Group (+1.8%), Egypt Kuwait Holding-EGP (+1.3%) and Madinet...
  • Sunday, 13 March 2022

    Market roundup on 13 March

    The EGX30 rose 0.3% at today’s close on turnover of EGP 601 mn (35.4% below the 90-day average). Local investors were net buyers. The index is down 12.3% YTD.In the green: Abu Qir Fertilizers (+3.5%), CIB (+2.4%) and Mopco (+2.1%).In...
  • Thursday, 10 March 2022

    The market on 10 March 2022

    The EGX30 rose 0.4% at today’s close on turnover of EGP 996 mn (6.3% above the 90-day average). Foreign investors were net sellers. The index is up/down 12.5% YTD.In the green: Heliopolis Housing (+4.2%), Fawry (+2.8%) and Ezz Steel (+2.6%).In...
  • Wednesday, 9 March 2022

    Earnings watch: Mopco

    EARNINGS WATCH- Misr Fertilizers Production Company (Mopco) saw its bottom line rise 92% y-o-y in 2021 to EGP 4.79 bn, according to its financials (pdf). Meanwhile, Mopco’s sales increased around 40% y-o-y last year to EGP 10.3 bn.MARKET ROUNDUP-The EGX30...

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