EGX 30 rises 0.40% as Telecom Egypt drops RDH transaction
The EGX 30 closed up 0.4049% at 53,633.9 on July 27, after a 0.95% decline a day earlier, according to market data and a July 26 market report. Telecom Egypt said on July 20 it would not proceed with the proposed RDH transaction with Helios Investments, while W.Media reports it plans to carve out its data center business. Cleopatra Hospital expects 31% year-on-year revenue growth in the second quarter of 2026, according to TradingView. Elsewedy Electric signed industrial land agreements with 7 Egyptian investors in Tanzania on July 20, according to Zawya.
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