Elsewedy and Telecom Egypt drive flow as EGX 30 slips 0.39%
The EGX 30 closed at 56,280.2 points, down 0.3903% on September 10. Elsewedy Electric led the news flow with 3 updates in 2 days, including the energization of a 50 MW storage asset in Greece, reports Solarbytes, and an expansion of turbine services, according to Utilities Middle East. The company also partnered with Vodafone Business and Cassava Technologies to establish 1 data center, according to TradingView. Telecom Egypt signed a deal with PSL for 1 Red Sea-Med subsea cable, reports Communications Today, while EG-IX said Egypt peaked near 1 Tbps across 18 member networks, according to tech dot africa. In corporate news, Value8 asked Dutch courts to freeze Orascom Construction’s proposed merger with OCI Global, reports EnterpriseAM.
مقالات ذات صلة
T M G Holding (TMGH.CA) - Disclosure Form for the BoD & the Shareholders' Structure
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.