• Sunday, 9 January 2022

    Porto Group rebrands to Arab Developers Holding

    MARKET NEWS-Porto Group is changing its name to Arab Developers Holding after receiving board approval, according to a bourse disclosure (pdf) today.MARKET ROUNDUP- The EGX30 fell 0.5% at today’s close on turnover of EGP 484 mn (61.3% below the 90-day...
  • Wednesday, 5 January 2022

    Market roundup on 5 January

    The EGX30 rose 0.5% at today’s close on turnover of EGP 1.17 bn (7.3% below the 90-day average). Foreign investors were net sellers. The index is up 0.8% YTD.In the green: Madinet Nasr Housing (+4.1%), Credit Agricole Egypt (+3.2%) and...
  • Monday, 3 January 2022

    NBE ups stake in CIB

    MARKET ROUNDUP-The EGX30 fell 0.1% at today’s close on turnover of EGP 908 mn (29.8% below the 90-day average). Foreign investors were net sellers. The index is down 0.4% YTD.In the green: MM Group (+11.0%), Rameda (+2.5%) and Abu Qir...
  • Sunday, 2 January 2022

    Market roundup on 2 January

    MARKET ROUNDUP-The EGX30 fell 0.3% at today’s close on turnover of EGP 617 mn (52.6% below the 90-day average). Local investors were net buyers. The index is down 0.3% YTD.In the green: Cleopatra Hospital (+2.0%), Rameda (+1.7%) and AMOC (+1.1%).In...
  • Monday, 20 December 2021

    Market roundup on 20 December 2021

    The EGX30 fell 0.7% at today’s close on turnover of EGP 1.01 bn (26.8% below the 90-day average). Local investors were net buyers. The index is up 5.9% YTD.In the green: Ibnsina Pharma (+1.0%), TMG Holding (+0.5%) and Abu Qir...
  • Sunday, 19 December 2021

    NBK Egypt board approves EGX delisting

    MARKET NEWS- NBK Egypt’s board has approved plans to voluntarily delist its shares from the EGX, according to a bourse disclosure (pdf). Financial advisor Prime Capital valued the shares at EGP 20.03 and the bank will buy back shares from...
  • Thursday, 16 December 2021

    Market roundup on 16 December 2022

    The EGX30 rose 0.4% at today’s close on turnover of EGP 1.41 bn (2% above the 90-day average). Foreign investors were net sellers. The index is up 7.6% YTD.In the green: Palm Hills Development (+7.2%), Rameda (+5.1%) and Heliopolis Housing...
  • Wednesday, 15 December 2021

    HHD’s losses widen + Arafa’s earnings fall 81% in 3Q2021

    MARKET NEWS-Heliopolis Housing and Development Company’s (HHD) losses widened to EGP 75.2 mn in 3Q2021, falling 82% y-o-y, according to the company’s financials (pdf). The company’s revenues came in at a negative, reporting a loss of EGP 41.7 mn, compared...
  • Monday, 13 December 2021

    Market roundup on 13 December

    The EGX30 fell less than 0.1% at today’s close on turnover of EGP 1.23 bn (11.7% below the 90-day average). Foreign investors were net sellers. The index is up 7.9% YTD.In the green: MM Group (+6.1%), Egyptians Resorts Company (+5.5%)...

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