
Release from Madinet Masr For Housing and Development (MASR.CA) Concerning the Purchase of Treasury Stocks
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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