• Sunday, 5 February 2023

    What the markets are doing on 5 February, 2023

    The EGX30 rose 0.1% at today’s close on turnover of EGP 1.77 bn (2% below the 90-day average). Local investors were net sellers. The index is up 11.4% YTD.In the green: Palm Hills Development (+10.3%), GB Auto (+9.2%) and Talaat...
  • Thursday, 2 February 2023

    What the markets are doing on 2 February, 2023

    The EGX30 fell 0.9% at today’s close on turnover of EGP 1.87 bn (4.2% above the 90-day average). Foreign investors were net sellers. The index is up 11.4% YTD.In the green: Edita Food Industries (+11.0%), Juhayna (+2.7%) and Credit Agricole...
  • Wednesday, 1 February 2023

    What the markets are doing on 1 February, 2023

    The EGX30 fell 0.2% at today’s close on turnover of EGP 1.73 bn (3.2% below the 90-day average). Foreign investors were net sellers. The index is up 12.4% YTD.In the green: Oriental Weavers (+5.5%), CIRA Education (+2.3%) and Juhayna (+1.4%).In...
  • Tuesday, 31 January 2023

    Sidpec releases 2022 earnings + Obour Land plans dividend payments

    MARKET WATCH-Sidi Kerir Petrochemicals’ net income after tax rose to EGP 1.24 bn in 2022, up 131% y-o-y, according to its earnings release (pdf). The company’s revenues jumped 69% y-o-y to EGP 8.66 bn.Obour Land is paying out EGP 380...
  • Monday, 30 January 2023

    What the markets are doing on 30 January, 2023

    The EGX30 fell 2.2% at today’s close on turnover of EGP 2.91bn (66% above the 90-day average). Foreign investors were net sellers. The index is up 16.6% YTD.In the green: Eastern Company (+4.4%), CIRA Education (+1.0%) and Egypt Kuwait Holding...
  • Monday, 30 January 2023

    EGX gains, high-yield CDs, and rate hikes on the airwaves

    It was another econ-heavy evening on the talk shows last night, with the talking heads cheering a good day for the EGX yesterday; totting up inflows to high-yield CDs ahead of the finish line tomorrow; and looking into their crystal...
  • Tuesday, 24 January 2023

    Orascom Construction announces 2022 dividend payout

    MARKET WATCH-Orascom Construction will pay out dividends of EGP 5.535 (USD 0.185) per share for 2022, redeemable on 9 February, it said in an EGX disclosure (pdf) earlier today. The company will pay out a total of EGP 646 mn...
  • Monday, 23 January 2023

    What the markets are doing on 23 January, 2023

    The EGX30 rose 0.4% at today’s close on turnover of EGP 2.4 bn (40.6% above the 90-day average). Local investors were net sellers. The index is up 10.9% YTD. In the green: Cleopatra Hospitals (+4.8%), Heliopolis Housing and Development (+2.7%)...
  • Sunday, 22 January 2023

    What the markets are doing on 22 January, 2023

    MARKET NEWS-Alexandria Containers and Cargo Handling will distribute EGP 1.67 bn worth of dividends, it said in an EGX disclosure (pdf). The company will pay out EGP 1.1127 per share on 13 February. MARKET ROUNDUP-The EGX30 rose 0.3% at today’s...

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