EGX 30 falls 1.29% as Elsewedy pushes on 2 fronts

The EGX 30 closed at 54,224.9, down 1.2853% on September 23. Elsewedy Electric acquired a 60% stake in Thomassen Service, according to IndexBox, in an external growth move reported on September 21. The group also opened a China office to expand industrial partnerships, ZAWYA reported via TradingView on September 17. Corporate flow on September 23 also included 10 regulatory and company disclosures, including a listing committee decision on ASCOM and a Madinet Masr release on treasury stock purchases.