• Wednesday, 24 November 2021

    Market roundup on 24 November

    The EGX30 fell 0.2% at today’s close on turnover of EGP 897 mn (38.5% below the 90-day average). Local investors were net sellers. The index is up 4.7% YTD.In the green: EFG Hermes (+6.7%), GB Auto (+4.3%) and Gadwa for...
  • Monday, 22 November 2021

    Mopco sees 171% y-o-y increase in bottom line in 3Q2021

    EARNINGS WATCH- Misr Fertilizers Production Company (Mopco) reported a 171% y-o-y increase in its bottom line in 3Q2021 to EGP 1.34 bn, according to the company’s quarterly financials (pdf). The state-owned company reported EGP 2.90 bn in net revenues for...
  • Sunday, 21 November 2021

    Market roundup on 21 November

    The EGX30 fell 0.6% at today’s close on turnover of EGP 547.6 mn (62.7% below the 90-day average). Local investors were net sellers. The index is up 3.9% YTD.In the green: Eastern Company (+0.9%), EFG Hermes (+0.9%) and Credit Agricole...
  • Thursday, 18 November 2021

    Market roundup on 18 November

    The EGX30 fell 1.0% at today’s close on turnover of EGP 834 mn (43.3% below the 90-day average). Local investors were net buyers. The index is up 4.5% YTD.In the green: Sidi Kerir Petrochem (+3.0%), Credit Agricole Egypt (+2.7%) and...
  • Wednesday, 17 November 2021

    Market roundup on 17 November

    The EGX30 rose 0.4% at today’s close on turnover of EGP 810 mn (45.1% below the 90-day average). Local investors were net sellers. The index is up 5.6% YTD.In the green: Heliopolis Housing (+3.7%), Egypt Kuwait Holding-EGP (+2.5%) and AMOC...
  • Sunday, 14 November 2021

    Earnings season is in full swing

    Abu Qir Fertilizers reported an 88% y-o-y increase in its bottom line to EGP 1.3 bn in 1Q2021-2022, according to the company’s quarterly financials (pdf). The company’s top line grew 52% y-o-y to EGP 2.7 bn during the first quarter...
  • Thursday, 4 November 2021

    Credit Agricole reports higher net income in 9M2021 on slightly higher net interest income

    EARNINGS WATCH- Credit Agricole Egypt reported EGP 1.18 bn in net income in 9M2021, up 13.8% y-o-y, according to its earning release (pdf). It reported a net interest income (NII) of EGP 2.2 bn, up 1.6% y-o-y.MARKET ROUNDUP-The EGX30 fell...
  • Wednesday, 3 November 2021

    Market roundup on 3 November

    The EGX30 rose less than 0.1% at today’s close on turnover of EGP 1.36 bn (11.2% below the 90-day average). Foreign investors were net sellers. The index is up 7.7% YTD.In the green: Rameda (+2.9%), CIRA (+2.6%) and GB Auto...
  • Sunday, 31 October 2021

    Market roundup on 31 October

    The EGX30 fell 0.8% at today’s close on turnover of EGP 1.18 bn (22.9% below the 90-day average). Local investors were net buyers. The index is up 5.3% YTD.In the green: Raya Holding (+10.3%), Aspire Capital (+6.3%) and Speed Medical...

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