EGX 30 drops 2.04% as Elsewedy and Orascom drive headlines
The EGX 30 closed down 2.04% at 46,681.8 points on April 7, with corporate headlines setting the tone. Elsewedy Electric discussed broader grid and distribution projects with Egypt's Electricity Ministry, according to ZAWYA, while the group also advanced enterprise-scale Agentic AI adoption with IBM, reports Intelligent CIO. Orascom Construction reported a $9 billion consolidated backlog in 2025, according to ZAWYA. Telecom Egypt denied any move to turn a data center complex into a cash-generating asset, according to Data Center Dynamics.
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البورصة المصرية: سهم Speed Medical يقفز 7.1% ومؤشر EGX 30 يرتفع 1.10%
سجلت البورصة المصرية أداءً إيجابياً بقيادة قطاعي البنوك والعقارات، حيث ارتفع مؤشر EGX 30 بنسبة 1.10% ليصل إلى 52,621.8 نقطة، مدعوماً بتحسن سعر صرف الجنيه المصري مقابل الدولار.
EGX 30 rises 1.10% as Korra Energi jumps 19.20% on debut
The EGX 30 closed up 1.104% at 52,621.8 points on June 17, with trading shaped by corporate disclosures and a standout listing. Korra Energi jumped 19.20% on its EGX debut on June 11, according to ZAWYA, marking one of the sharpest moves among recent listings. In telecoms and technology, Telecom Egypt, the NTRA and the Arab Academy launched the first Cybersecurity Innovation Lab, according to Tech Review Africa, adding a sector catalyst to the market. Regulatory flow stayed heavy on June 17 with 10 issuer filings, including AGM minutes, board decisions and auditor-related statements.
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