EGX 30 rises 0.60% as Korra Energi jumps 19.2% on debut
The EGX 30 closed up 0.60% at 52,306.7 on June 15, with trading shaped by new listings and property-linked names. Korra Energi jumped 19.20% on its market debut, according to ZAWYA, marking the sharpest move cited in recent headlines. The EGX plans to launch futures on Talaat Moustafa Group shares, AD HOC NEWS reported, while Saudi PIF and Talaat Moustafa Group signed a strategic partnership in urban development, according to Asharq Al-Awsat English. On the regulatory side, the exchange also published a June 15 prohibition targeting Kernel Capital Securities Brokerage, alongside 9 other notices covering AGMs, board decisions and disclosure forms.
Related stories
Cairo Stock Exchange — GMCI Jumps 4.7% as EGX 30 Adds 0.60% and Industrials Take the Lead
GMCI posted the session’s strongest gain, rising 4.7% to 1.78 EGP, as Egyptian equities drew support from a firmer pound with USD/EGP at 50.3. EGX 30’s 0.60% rise still masked selective rotation, with CCAP falling 4.5% despite more than EGP 1.0 billion in turnover.
Release from Palm Hills Development Company (PHDC.CA) Regarding the Purchase of Treasury Stocks
Memphis Pharmaceuticals (MPCI.CA) - Decisions of the BoD Meeting