• Tuesday, 15 February 2022

    Meet our analyst of the week: Beltone’s Ahmed Hesham

    OUR ANALYST OF THE WEEK- Ahmed Hesham, associate director of equity & quantitative strategy at Beltone Financial (Linkedin).My name is Ahmed Hesham and I’m the associate director of equity & quantitative strategy at Beltone. I studied economics at Sadat Academy...
  • Monday, 14 February 2022

    Abu Qir Fertilizers’ bottomline rises 137.7% y-o-y during 2Q2021-2022

    EARNINGS WATCH- Abu Qir Fertilizers’ bottomline rose 137.7% y-o-y during 2Q2021-2022 to EGP 1.9 bn, according to the company’s financial statement (pdf). The company’s revenues recorded EGP 3.6 bn during the quarter, up 56.5% y-o-y. MARKET ROUNDUP- The EGX30 fell...
  • Thursday, 10 February 2022

    Market roundup on 10 February

    The EGX30 fell 0.2% at today’s close on turnover of EGP 292.4 mn (72.3% below the 90-day average). Foreign investors were net sellers. The index is down 3.1% YTD.In the green: EFG Hermes (+2.9%), ADIB (+2.9%) and Abu Qir Fertilizers...
  • Wednesday, 9 February 2022

    Market roundup on 9 February 2022

    The EGX30 rose 0.6% at today’s close on turnover of EGP 1.24 bn (14.8% above the 90-day average). Local investors were net buyers. The index is down 2.95% YTD.In the green: EFG Hermes (+9.3%), GB Auto (+5.1%) and TMG Holding...
  • Monday, 7 February 2022

    Market roundup on 7 February

    The EGX30 fell 1.2% at today’s close on turnover of EGP 947 mn (11.4% below the 90-day average). Foreign investors were net sellers. The index is down 3.35% YTD.In the green: e-Finance (+4.1%), Telecom Egypt (+0.8%) and Abu Dhabi Islamic...
  • Thursday, 3 February 2022

    Market roundup on 3 February

    The EGX30 fell 0.5% at today’s close on turnover of EGP 656 mn (39.5% below the 90-day average). Regional investors were net sellers. The index is down 2.6% YTD.In the green: GB Auto (+2.0%), Qalaa Holdings (+1.7%) and Credit Agricole...
  • Wednesday, 2 February 2022

    Market roundup on 2 February

    The EGX30 rose 0.8% at today’s close on turnover of EGP 955 mn (12.2% below the 90-day average). Regional investors were net buyers. The index is down 2.2% YTD.In the green: GB Auto (+8.7%), Credit Agricole (+5.8%) and Fawry (+5.7%).In...
  • Monday, 31 January 2022

    Market roundup on 31 January

    The EGX30 rose 0.3% at today’s close on turnover of EGP 647 mn (41.5% below the 90-day average). Foreign investors were net sellers. The index is down 3.8% YTD.In the green: TMG Holding (+8.6%), Qalaa Holdings (+5.2%) and Madinet Nasr...
  • Sunday, 30 January 2022

    Earnings watch: Obour Land, Alexandria Containers

    MARKET NEWS-Obour Land recorded a 13% y-o-y increase in its bottom line in 2021 to EGP 350.7 mn, according to the company’s financials (pdf). Obour Land’s revenues increased 10% y-o-y to EGP 3 bn in 2021.Alexandria Container and Cargo Handling’s...

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