IPO proceeds at the New York Stock Exchange fell 93% this year as public offerings dwindle due to inflationary headwinds and rising interest rates, NYSE President Lynn Martin said at a Reuters conference. Fresh listings on the world’s biggest exchange hit an all-time high in 2021 but have suffered a sharp reversal this year due to market volatility. “Our pipeline is tremendous — the reason companies aren't coming to market is because [of] all the volatility in the market,” Martin said.

	EGX30	13,640	+2.9% (YTD: +14.2%)
	USD (CBE)	Buy 24.54	Sell 24.61
	USD at CIB	Buy 24.55	Sell 24.61
	Interest rates CBE	13.25% deposit	14.25% lending
	Tadawul	10,823	-0.7% (YTD: -4.1%)
	ADX	10,545	+1.7% (YTD: +24.3%)
	DFM	3,324	+0.6% (YTD: +4.0%)
	S&P 500	4,072	-0.1% (YTD: -14.6%)
	FTSE 100	7,556	0.0% (YTD: +2.3%)
	Euro Stoxx 50	3,978	-0.2% (YTD: -7.5%)
	Brent crude	USD 85.57	-1.5%
	Natural gas (Nymex)	USD 6.28	-6.8%
	Gold	USD 1,809.60	-0.3%
	BTC	USD 16,949	-0.4% (YTD: -63.4%)

THE CLOSING BELL-

The EGX30 rose 2.9% at Thursday’s close on turnover of EGP 2.74 bn. Local investors were net buyers. The index is up 14.2% YTD.

In the green: EKH – EGP (+10.1%), AMOC (+9.7%) and Ezz Steel (+6.6%).

In the red: Cleopatra Hospitals (-3.3%), Ibnsina Pharma (-0.6%) and Talaat Moustafa Group (-0.5%).