EGX 30 rises 0.75% as Abu Qir Fertilizers posts 119% profit jump

The EGX 30 closed up 0.75% at 54,501.7 points on Aug. 4, with the session shaped by company announcements. Abu Qir Fertilizers posted a 119% profit surge, driven by higher revenue and export gains, according to Egypt Oil & Gas on July 30. In financial services, Bank NXT and EFG Hermes launched Egypt’s first co-branded Visa credit card between a bank and a brokerage, FF News reported on July 28. Regulatory flow stayed active with 10 issuer filings on Aug. 4, including board decisions, meeting minutes and disclosure forms.