EGX 30 drops 1.84% to 52,028.4 as TMG posts EGP 170 bln in Q2 sales
The EGX 30 closed down 1.8445% at 52,028.4 on July 8, after reaching 53,006 points a day earlier, according to the analyst note provided. Talaat Moustafa Group reported a 28% rise in second-quarter sales to EGP 170 billion, Daily News Egypt reported. Orascom Construction issued an update on its proposed combination with OCI Global, keeping the transaction explicitly conditional, according to TradingView. Elsewedy Electric outlined its long-term growth strategy amid the global energy transition, AD HOC NEWS reported.
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Cairo Stock Exchange — MCQE Jumps 7.2% as EGX 30 Adds 1.08%
MCQE posted the session’s biggest gain, rising 7.2% to EGP 191.99 in a market that remained mixed beneath the headline index gain. The EGX 30’s 1.08% advance came as the dollar climbed to EGP 51.05 and Brent hovered near $89 a barrel.
EGX 30 rises 1.08% as Elsewedy and Telecom Egypt drive headlines
The EGX 30 closed up 1.08% at 53,126.0 on July 20, after a 0.7% decline flagged on July 19 in a Cairo bourse note. Elsewedy Electric signed industrial land agreements with 7 Egyptian investors in Tanzania, according to Zawya, after the cabinet approved a wiring harness project in Fayoum on July 16, according to Arab Finance. Telecom Egypt said on July 16 it would not proceed with the proposed RDH transaction, according to a regulatory filing carried by TradingView, while Kalkine Media and Connecting Africa reported the cancellation of the Helios-linked data center stake sale. Telecom Egypt said it is focusing on its 100%-owned data center subsidiary, according to Kalkine Media.
Release from Fawry For Banking Technology And Electronic Payment (FWRY.CA) Regarding the Obtaining of a Financing Facility