Presight AI IPO in Abu Dhabi sees huge investor demand: Investors submitted orders worth almost USD 26 bn in Abu Dhabi data analytics firm Presight AI’s USD 496 mn IPO, Bloomberg reports. The company’s owners, AI and cloud computing firm G42, are selling almost 1.4 bn shares at AED 1.34 apiece. The company is expected to debut on the Abu Dhabi stock exchange on 27 March in what will be the stock market’s second listing of the year.

	EGX30	14,681	-0.2% (YTD: +0.6%)
	USD (CBE)	Buy 30.84	Sell 30.94
	USD at CIB	Buy 30.85	Sell 30.95
	Interest rates CBE	16.25% deposit	17.25% lending
	Tadawul	10,158	+1.8% (YTD: -3.1%)
	ADX	9,650	+2.2% (YTD: -5.5%)
	DFM	3,349	+1.3% (YTD: +0.4%)
	S&P 500	3,917	-1.1% (YTD: +2.0%)
	FTSE 100	7,335	-1.1% (YTD: -1.6%)
	Euro Stoxx 50	4,065	-1.3% (YTD: +7.2%)
	Brent crude	USD 72.97	-2.3%
	Natural gas (Nymex)	USD 2.34	-7.0%
	Gold	USD 1,990.20	+2.6%
	BTC	USD 27,980	+2.6% (YTD: +71.1%)

THE CLOSING BELL-

The EGX30 fell 0.2% at yesterday’s close on turnover of EGP 926 mn (55.5% below the 90-day average). Regional investors were net buyers. The index is up 0.6% YTD.

In the green: Abu Dhabi Islamic Bank (+4.8%), Juhayna (+4.2%) and Credit Agricole (+3.7%).

In the red: Telecom Egypt (-6.1%), Fawry (-3.2%) and Cleopatra Hospitals Group (-3.1%).