EGX 30 ends flat as Abu Qir posts 119% profit jump

The EGX 30 ended nearly flat at 54,676.9 points, up 0.0317% on Aug. 6. Abu Qir Fertilizers posted a 119% profit surge, driven by revenue and export gains, Egypt Oil & Gas reported. Oriental Weavers jumped 9.1% on turnover of EGP 438 million, reviving the textile segment and supporting the index, according to a Cairo bourse note dated Aug. 5. Emirates NBD said its acquisition of HSBC Egypt’s retail business is expected to boost deposits and loans, according to TradingView.