EGX 30 falls 1.19% as Talaat Moustafa and Elsewedy post gains

The EGX 30 closed down 1.1887% at 53,416.2 points on May 13, while Amer Group jumped 9% despite the broader decline, according to the cited analyst note. Talaat Moustafa Group reported first-quarter net profit up 24% to EGP 5.5 billion, according to AD HOC NEWS. Elsewedy Electric posted first-quarter consolidated profit growth of 16.8% year-on-year, ZAWYA reported. AD HOC NEWS also flagged recent financial results at Cairo Poultry and trading activity alongside dividend announcements at Juhayna Food Industries.