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Monday, 11 October 2021

EGX extends daily deadline to register new customers

Brokerages now have an extra 3.5 hours to register new customers with the bourse, after the EGX issued a decision today to extend the daily deadline to 8:30 pm, from 5pm previously.

EARNINGS WATCH-

QNB AlAhli’s bottomline rose 5.5% y-o-y to EGP 1.9 bn in 3Q2021, from EGP 1.8 bn in the same period last year, according to the bank’s financial statements (pdf). The bank’s revenues rose 8.4% on an annual basis to record EGP 4.4 bn during the quarter, compared to EGP 4.1 bn in 3Q2020.

MARKET ROUNDUP-

The EGX30 rose 0.5% at today’s close on turnover of EGP 1.18 bn (23.5% below the 90-day average). Foreign investors were net buyers. The index is down 1.2% YTD.

In the green: Aspire Capital (+98.1%), ElSewedy Electric (+1.9%) and Credit Agricole Egypt (+1.6%).

In the red: Pioneers Properties (-18.1%), Gadwa Industrial Development (-2.8%) and Raya Holding (-1.9%).

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