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.