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.
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