EGX 30 slips 0.54% as Telecom Egypt stake sale and earnings set the tone

The EGX 30 closed down 0.54% at 51,882.8 points on June 8, with the news flow led by a market transaction and corporate earnings. The government concluded the sale of a 10% stake in Telecom Egypt in the last tranche of the deal, according to Ahram Online. Cleopatra Hospital posted standalone first-quarter profit of EGP 132.8 million, according to TradingView. Orascom Construction, meanwhile, reported third-quarter net income of $24.5 million, Ahram Online reported.