EGX 30 rises 1.48% as Everwater venture, Elsewedy dividend lead
The EGX 30 closed up 1.4767% at 52,775.0 points on May 19, with trading shaped by 2 corporate announcements. Trojan Construction Holding and Orascom Construction formed a joint company called Everwater, according to TradingView, adding a new sector story to the market flow. Elsewedy Electric will distribute a $0.03-per-share cash dividend for 2025, according to ZAWYA. Regulatory news remained busy with 10 issuer filings on May 19, including board decisions, 1 quarterly earnings release and 1 lawsuit-related disclosure.
Related stories
EGX 30 falls 1.59% as TMGH draws EGP 1.18 bln
The EGX 30 closed down 1.5883% at 51,936.8 points on May 20, while TMGH drew EGP 1.18 billion despite the broader decline, according to Bourse du Caire. BankDhofar signed a strategic agreement on May 19 with Talaat Moustafa Group to support business growth, ZAWYA reported. Trojan Construction Holding and Orascom Construction formed a joint company, Everwater, on May 18, according to TradingView. Elsewedy Electric will distribute a $0.03-per-share cash dividend for 2025, ZAWYA said, while SWDY.CA published EGM resolutions on May 20.
Cairo Stock Exchange — TMGH Draws EGP 1.18bn as EGX 30 Falls 1.59%
Talaat Moustafa Group Holding led trading on May 20, 2026 with EGP 1.18bn in turnover even as the EGX 30 dropped 1.59% in an overwhelmingly negative session. Lower oil prices and a still-weak EGP weighed on sentiment, but did not erase demand for liquid real-estate heavyweights.
Development & Engineering Consultants (DAPH.CA) - Board of Directors' Meeting Minutes