EGX 30 slips 0.79% despite a run of strong first-half earnings
The EGX 30 closed down 0.787% at 55,415.1 on Aug. 17, even as first-half earnings releases stayed broadly strong. Orascom Construction posted a 52% year-on-year jump in H1 2026 consolidated revenue and said backlog reached $10.9 billion, while quarterly profit came in at $61.9 million, according to Arab Finance and TradingView. Telecom Egypt reported 17% H1 revenue growth and a rise in Q2 profit, while Talaat Moustafa Group posted a 23% increase in first-half net profit, according to Telecompaper, TradingView and Zawya. Elsewedy Electric reported a 14.11% year-on-year rise in H1 consolidated profit and a 37% increase in sales, according to Arab Finance and Billionaires.Africa. On dealmaking, EFG Hermes advised eFinance on the strategic acquisition of Tamweely Financial Services, Zawya reported.
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البورصة المصرية: سهم Al Alamia Ceramics يقفز 3.6% رغم تراجع مؤشر EGX 30 بنسبة 1.14%
شهدت البورصة المصرية تبايناً في جلسة الاثنين، حيث خالف سهم Al Alamia Ceramics اتجاه السوق ليحقق مكاسب بنسبة 3.6%، بينما انخفض مؤشر EGX 30 بنسبة 1.14% وسط ضغوط اقتصادية كلية مرتبطة بسعر الصرف وأسعار النفط.
EGX 30 falls 1.14% as Elsewedy studies Algeria auto project
The EGX 30 closed down 1.14% at 51,613.9 points on October 12, after a 1.99% drop a day earlier, according to market data and an analyst note. Elsewedy Electric is studying the establishment of an electric and hybrid car factory in Algeria, waya.media reported, preserving the project’s conditional status. Talaat Moustafa Group signed a strategic partnership with AXA Egypt to provide integrated insurance solutions for Spine unit owners, according to Zawya. EFG Hermes advised Banque du Caire as joint global coordinator and joint bookrunner for its IPO on the EGX, شبكة تواصل الإخبارية reported.
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