EGX 30 rises 2.24% as Valu and Elsewedy drive momentum
The EGX 30 closed up 2.2357% at 53,055.0 points on October 1, after a 0.77% decline a day earlier cited in an analyst report. Valu completed its 23rd securitized bond issuance worth EGP 945.8 million, according to الاقتصادي نيوز, adding fresh support to structured finance activity. Elsewedy Electric stayed in focus after the stock's rise lifted Ahmed Elsewedy's wealth by $174 million in the third quarter, billionaires.africa reported. Abu Qir Fertilizers and Chemical Industries also posted first-half profit growth, according to ad-hoc-news.de, extending firmer momentum in industrial blue chips.
Related stories
Egyptian Media Production City (MPRC.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Ismailia Development and Real Estate Co (IDRE.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Cairo Stock Exchange — Qalaa Tops 532.7M EGP Turnover as EGX 30 Drops 1.99%
Qalaa Holdings led trading with EGP 532.7 million in turnover during a broad Cairo selloff, with the EGX 30 down 1.99% and only 2 gainers out of 44 stocks. The contrast highlights the stock’s liquidity resilience in a market pressured by a weaker pound and firmer oil prices.