EGX 30 falls 1.04% as EFG Hermes and Orascom drive headlines
The EGX 30 closed at 47,001.9 points, down 1.0443% on March 26. EFG Hermes advised on a $195 million private placement for Trolley, according to ZAWYA, after concluding on March 25 its advisory role on Trolley’s IPO and listing on Boursa Kuwait, MSN reported. Orascom Construction, Engie and Toyota Tsusho signed a PPA for a 900 MW wind farm at Ras Shokeir in Egypt, according to EnterpriseAM Egypt, while Energy Global reported an Orascom-led consortium is to develop, build, own and operate the project. On the corporate side, Contact Financial Holding on March 25 released its 2025 standalone results and board decisions, while the exchange on March 26 also published a notice on a periodic partial redemption for a Capital for Securitization bond tranche.
Related stories
Telecom Egypt joins FTSE EM index as EGX 30 rises 0.20%
The EGX 30 closed up 0.2034% at 55,277.0 on August 25, after a 0.34% decline flagged in market coverage a day earlier. Telecom Egypt drew focus after its CEO was set to step down on August 24, reports Telecompaper. At the same time, Telecom Egypt was upgraded to the FTSE Russell Emerging Mid Cap index and advanced to the FTSE Emerging Markets Index after its market capitalization reached $3.9 billion, according to the State Information Service and Kalkine Media. Corporate flow stayed active with at least 10 regulatory filings on August 25, including treasury-share purchases by Madinet Masr and Pioneers Properties For Urban Development - PRE Group.
Release from Madinet Masr For Housing and Development (MASR.CA) Regarding the Purchase of Treasury Stocks
Release from Pioneers Properties For Urban Development - PRE Group (PRDC.CA) Regarding the Purchase of Treasury Stocks