EGX 30 edges up 0.14% as Juhayna and Abu Qir earnings offset telecom drag

The EGX 30 closed up 0.14% at 52,927.0 on June 2, with trading anchored by a run of corporate updates. Juhayna Food said Q1 2026 profit doubled to EGP 668.6 million, while Abu Qir Fertilizers posted quarterly net profit of EGP 5.63 billion, according to Billionaires.Africa and TradingView. Telecom Egypt paired 14% Q1 revenue growth with net profit of EGP 3.57 billion, down 23% year-on-year, according to Telecompaper, TradingView and ZAWYA, and also launched a fibre-to-the-room service with Huawei, reports Broadcast Media Africa. Elsewedy Electric acquired a majority stake in Thomassen Service and won EGM approval for a capital cut tied to ESOP share write-offs, while also discussing expansion plans and new investments, according to ZAWYA and Dailynewsegypt.