
Abu Qir boosts capacity as EGX 30 rises 1.03%
The EGX 30 closed up 1.03% at 55,431.3 points on September 1. Abu Qir Fertilizers raised Plant 3 output to 140 tons per day of ammonia and 100 tons per day of urea, according to Egypt Oil & Gas. The company also said the ammonia plant’s production capacity increased by about 140 tons per day, according to TradingView. Separately, the exchange saw several regulatory filings between August 30 and August 31, including 1 periodic partial bond redemption by Capital for Securitization and at least 8 board or disclosure releases across the main and SME markets.
Related stories
T M G Holding (TMGH.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Cairo Stock Exchange — Al Alamia Ceramics Jumps 3.6% Even as EGX 30 Drops 1.14%
Al Alamia Ceramics posted the day’s top gain on the Cairo Stock Exchange, rising 3.6% to EGP 34.3 while the EGX 30 fell 1.14%. The move highlights selective appetite for construction-linked names even as a weaker pound and higher oil prices weighed on broader sentiment.
EGX 30 falls 1.14% as Elsewedy studies Algeria auto project
The EGX 30 closed down 1.14% at 51,613.9 points on October 12, after a 1.99% drop a day earlier, according to market data and an analyst note. Elsewedy Electric is studying the establishment of an electric and hybrid car factory in Algeria, waya.media reported, preserving the project’s conditional status. Talaat Moustafa Group signed a strategic partnership with AXA Egypt to provide integrated insurance solutions for Spine unit owners, according to Zawya. EFG Hermes advised Banque du Caire as joint global coordinator and joint bookrunner for its IPO on the EGX, شبكة تواصل الإخبارية reported.