• Sunday, 12 December 2021

    Market roundup on 12 December 2021

    The EGX30 rose 1.5% at today’s close on turnover of EGP 1.2 bn (14.2% below the 90-day average). Regional investors were net sellers. The index is up 8.0% YTD.In the green: Egyptian Resorts Company (+5.6%), Credit Agricole Egypt (+4.7%) and...
  • Thursday, 9 December 2021

    The market on 9 December 2021

    The EGX30 rose 0.7% at today’s close on turnover of EGP 2.06 bn (31.9% above the 90-day average). Local investors were net sellers. The index is up 6.4% YTD.In the green: Abu Qir Fertilizers (+20.0%), Heliopolis Housing (+7.5%) and Orascom...
  • Wednesday, 8 December 2021

    Market roundup on 8 December

    The EGX30 fell 0.8% at today’s close on turnover of EGP 1.24 bn (12.1% below the 90-day average). Foreign investors were net sellers. The index is up 5.6% YTD.In the green: Ezz Steel (+6.2%), Cleopatra Hospital (+4.7%) and Rameda (+3.4%).In...
  • Sunday, 5 December 2021

    Market roundup on 5 December

    The EGX30 rose 0.7% at today’s close on turnover of EGP 1.38 bn (3.1% below the 90-day average). Local investors were net buyers. The index is up 5.1% YTD.In the green: Heliopolis Housing (+10.4%), Rameda (+5.3%) and CIRA (+4.6%).In the...
  • Thursday, 2 December 2021

    Market roundup on 2 December

    The EGX30 fell 0.9% at today’s close on turnover of EGP 1.11 bn (22.4% below the 90-day average). Foreign investors were net sellers. The index is up 4.4% YTD.In the green: Rameda (+4.3%), Speed Medical (+1.2%) and GB Auto (+0.8%).In...
  • Wednesday, 1 December 2021

    Market roundup on 1 December

    The EGX30 rose 0.2% at today’s close on turnover of EGP 1.05 bn (26.9% below the 90-day average). Foreign investors were net buyers. The index is up 5.3% YTD.In the green: Qalaa Holdings (+3.7%), Rameda (+3.5%) and Egyptian Resorts Company...
  • Monday, 29 November 2021

    OFH’s 3Q2021 net income reaches EGP 17.9 mn

    EARNINGS WATCH- Orascom Financial Holding’s net income came in at EGP 17.9 mn in 3Q2021, with net earnings of EGP 54.6 mn since its inception in December last year, according to the company’s financials (pdf). The Orascom Investment Holding spinoff...
  • Sunday, 28 November 2021

    We still don’t know if Ezz Steel is acquiring a stake in Egyptian Steel

    MARKET NEWS- Ezz Steel’s alleged acquisition of a stake in Egyptian Steel is still unconfirmed: Early reports that Ezz Steel is eyeing Ahmed Abou Hashima’s stake in Egyptian Steel emerged again in the local press, this time with sources close...
  • Thursday, 25 November 2021

    Odin to split into two companies + Raya acquires additional stake in Polish pasta maker

    MARKET NEWS- Odin Investments will spin off its operations into two companies after receiving approval from the EGX’s Listing Committee today, according to an announcement (pdf) from the bourse. One company will be specialized in real estate while the other...

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