Telecom Egypt in focus as EGX 30 rises 0.37% on June 1
The EGX 30 closed up 0.37% at 52,853.9 on June 1, with telecoms and industrial expansion driving the news flow. Telecom Egypt launched a fibre-to-the-room service with Huawei, according to Broadcast Media Africa, after reporting strong underlying business performance for Q1 2026, WebWire said. Elsewedy Electric discussed expansion plans and new investments with Egypt's prime minister, ZAWYA reported, while keeping the language conditional around the projects. Corporate disclosures on June 1 also included results or board decisions from South Valley Cement, Medinet MASR Housing, Juhayna Food Industries and Ceramic & Porcelain, according to exchange notices.
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ارتفع مؤشر EGX 30 بنسبة 1.47% في جلسة 21 أكتوبر 2026، مدعوماً بشكل رئيسي بصعود سهم CIB، بينما شهدت السوق تراجع 28 سهماً مقابل صعود 13 سهماً فقط، مما يعكس تركز السيولة في الأسهم القيادية وسط ضغوط سعر الصرف.
EGX 30 rises 1.47% as IPO pipeline and property deal drive momentum
The EGX 30 closed up 1.47% at 52,854.9, with sentiment supported by a faster IPO pipeline, according to waya.media and Arab Finance. EFG Hermes is set to begin promoting the Misr Life Insurance and Egypt Education Platform IPOs in November, after completing its advisory role on MNT-Halan's EGP 7.84 billion listing, which Gulf Business and شبكة تواصل الإخبارية described as Egypt's largest IPO since 2021. Arab Finance also reported that EFG Hermes and CI Capital are set to lead the Banque du Caire IPO after an indicative price range was set. In property, Egypt Today and Middle East Online said Talaat Moustafa Group is to develop 4 projects worth EGP 11 trillion under a $202 billion real estate deal. Abu Qir Fertilizers rose 4.00% ahead of results, while AMOC jumped 5.2% on EGP 219.7 million in turnover, according to ad-hoc-news.de and analyst notes.
KORRA (KORA.CA) - Release Regarding a Disclosure Form