EGX 30 rises 1.10% as Korra Energi jumps 19.20% on debut
The EGX 30 closed up 1.104% at 52,621.8 points on June 17, with trading shaped by corporate disclosures and a standout listing. Korra Energi jumped 19.20% on its EGX debut on June 11, according to ZAWYA, marking one of the sharpest moves among recent listings. In telecoms and technology, Telecom Egypt, the NTRA and the Arab Academy launched the first Cybersecurity Innovation Lab, according to Tech Review Africa, adding a sector catalyst to the market. Regulatory flow stayed heavy on June 17 with 10 issuer filings, including AGM minutes, board decisions and auditor-related statements.
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