🔴 EFG Hermes is trading 3.39% down today amid broad Egyptian market selling

EFG Hermes is trading at $24.50 (-3.39%) following a period of broad selling pressure across the Egyptian Exchange.

• The EGX30 index fell 1.99% on October 18, with 189 stocks ending the session lower as domestic institutions led a market-wide sell-off.
• Although the firm announced advisory roles for two separate stake sales on October 18, the news has not decoupled the share price from the prevailing local market weakness.