Elsewedy pushes M&A as EGX 30 slips 0.83%
The EGX 30 closed at 53,776.7, down 0.83% on September 24. Elsewedy Electric acquired a 60% stake in Thomassen Service, according to IndexBox, adding an M&A angle as the benchmark shed 446.9 points. The group also opened a China office to expand industrial partnerships, according to ZAWYA via TradingView. Corporate flow on September 24 was led by at least 10 regulatory filings, including disclosures from Raya Holding, Taqa Arabia and Suez Canal Bank.
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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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