EGX 30 gains 2.93% as Telecom Egypt secures first 5G license

The EGX 30 closed at 47,772.7 points, rising 2.93%. Telecom Egypt secured the country's first 5G license and reported consolidated profit growth of 123.35% year-on-year for 2025, according to Africa Business Communities and ZAWYA. The Financial Regulatory Authority approved licenses for CI Capital, Mubasher Trade and EFG Hermes, reports waya.media. Gourmet Egypt debuted on the exchange with a 24% jump.