EGX 30 rises 1.06% as Abu Qir and Orascom Construction lead
The EGX 30 closed up 1.0607% at 56,270.3 points on September 3, with trading shaped by corporate announcements. Abu Qir Fertilizers increased ammonia plant capacity by about 140 tons per day, while Plant 3 output reached 140 t/d of ammonia and 100 t/d of urea, according to TradingView and Egypt Oil & Gas. Orascom Construction, alongside Técnicas Reunidas, signed a $2.6 billion contract for a large combined-cycle project in Saudi Arabia, according to Técnicas Reunidas. The news flow also included at least 10 regulatory filings on September 3, including Telecom Egypt on the signing of an agreement and PRE Group on a treasury stock purchase.
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البورصة المصرية: سهم Al Alamia Ceramics يقفز 3.6% رغم تراجع مؤشر EGX 30 بنسبة 1.14%
شهدت البورصة المصرية تبايناً في جلسة الاثنين، حيث خالف سهم Al Alamia Ceramics اتجاه السوق ليحقق مكاسب بنسبة 3.6%، بينما انخفض مؤشر EGX 30 بنسبة 1.14% وسط ضغوط اقتصادية كلية مرتبطة بسعر الصرف وأسعار النفط.
EGX 30 falls 1.14% as Elsewedy studies Algeria auto project
The EGX 30 closed down 1.14% at 51,613.9 points on October 12, after a 1.99% drop a day earlier, according to market data and an analyst note. Elsewedy Electric is studying the establishment of an electric and hybrid car factory in Algeria, waya.media reported, preserving the project’s conditional status. Talaat Moustafa Group signed a strategic partnership with AXA Egypt to provide integrated insurance solutions for Spine unit owners, according to Zawya. EFG Hermes advised Banque du Caire as joint global coordinator and joint bookrunner for its IPO on the EGX, شبكة تواصل الإخبارية reported.
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