
EGX 30 rises 1.23% as Telecom Egypt signs $912.5 mln deals
The EGX 30 closed up 1.23% at 55,498.7 points on Sept. 17. Telecom Egypt signed agreements with Etisalat worth $912.5 million, Arab News reported. Elsewedy Electric opened an office in China to expand industrial partnerships, according to ZAWYA. Corporate newsflow also included 10 regulatory filings on Sept. 17, including a Telecom Egypt release on its board and executive managers.
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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.
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