EGX 30 falls 1.55% as Telecom Egypt deal and infrastructure contracts drive flow
The EGX 30 closed down 1.55% at 51,769.7 points on June 23, with newsflow centered on telecoms, infrastructure and healthcare. Telecom Egypt saw the state complete the sale of a 10% stake, while ADCB Egypt partnered with EFG Hermes to launch its 1st money market fund, according to Ahram Online and ZAWYA. In stocks, Korra Energi jumped 19.20% on its June 11 debut, Cleopatra Hospital posted 22% year-on-year consolidated revenue growth in Q1 2026 and standalone profit of EGP 132.8 million, according to ZAWYA and TradingView. On projects, Orascom Construction announced 2 deals tied to Cairo Metro Line 4 and the high-speed train, while Elsewedy Electric's Rowad Modern Engineering joined an Alstom consortium for Egypt rail projects, Ahram Online and ZAWYA reported. TMG also signed a strategic partnership with Saudi PIF, secured a licence for an $18.8 billion Iraq development and saw the EGX plan a futures launch on its shares, according to Asharq Al-Awsat, Daily News Egypt and AD HOC NEWS.
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البورصة المصرية: سهم ELKA يقفز 7.3% رغم تراجع مؤشر EGX 30 بنسبة 1.66%
شهدت البورصة المصرية تبايناً لافتاً في جلسة 26 أكتوبر 2026، حيث ارتفع سهم ELKA بنسبة 7.3% وسط تراجع مؤشر EGX 30 بنسبة 1.66%، متأثراً بضغوط العملة وعمليات بيع في الأسهم القيادية.
EGX 30 drops 1.66% as IPO pipeline drives Cairo headlines
The EGX 30 closed down 1.66% at 48,416.9 on October 26. Primary market news led the flow, with EFG Hermes completing its role on MNT-Halan’s EGP 7.84 billion IPO, described as Egypt’s largest listing since 2021, according to Arab Finance, Gulf Business and شبكة تواصل الإخبارية. EFG Hermes is also set to begin promoting the Misr Life Insurance and Egypt Education Platform IPOs in November, while EFG Hermes and CI Capital are to lead the Banque du Caire IPO after an indicative price range was set, according to waya.media and ZAWYA via TradingView. In stocks, Abu Qir Fertilizers rose 4.00% on October 19 ahead of results, according to ad-hoc-news.de, while Juhayna secured a loan for a citrus expansion, AD HOC NEWS reported, and Talaat Moustafa Group signed a deal covering 4 Egyptian projects worth $202 billion, according to Fast Company Middle East.
Release from Bonyan for Development and Trade (BONY.CA) Regarding the Purchase of Treasury Stocks