EGX 30 rises 1.08% as Elsewedy and Telecom Egypt drive headlines
The EGX 30 closed up 1.08% at 53,126.0 on July 20, after a 0.7% decline flagged on July 19 in a Cairo bourse note. Elsewedy Electric signed industrial land agreements with 7 Egyptian investors in Tanzania, according to Zawya, after the cabinet approved a wiring harness project in Fayoum on July 16, according to Arab Finance. Telecom Egypt said on July 16 it would not proceed with the proposed RDH transaction, according to a regulatory filing carried by TradingView, while Kalkine Media and Connecting Africa reported the cancellation of the Helios-linked data center stake sale. Telecom Egypt said it is focusing on its 100%-owned data center subsidiary, according to Kalkine Media.
Related stories
Cairo Stock Exchange — Delta Sugar Jumps 7%, Eastern Tobacco Gains 5.5% in Defensive Rotation
The EGX 30 rose 1.52% on Thursday, October 15, 2026, led by Delta Sugar (+7.0%) and Eastern Company (+5.5%). A weaker pound at 53.38 per dollar and Brent at $105.76 helped drive rotation into defensive and pricing-power names.
EGX 30 rises 1.52% as Elsewedy, Orascom and Abu Qir drive gains
The EGX 30 closed up 1.5157% at 52,273.3 points on October 15, with industrial and fertilizer names underpinning the move. Elsewedy Electric drew attention after a joint venture secured a $2.2 billion EPC contract for the Rabigh 2 IPP expansion in Saudi Arabia, according to IndexBox and Business Insider Africa. Abu Qir Fertilizers reported 86% growth, while Orascom Construction rose 3% on EGP 431.6 million in turnover, according to ad-hoc-news.de and an October 14 analyst note. Emirates NBD Egypt also signed a distribution agreement with EFG Hermes covering 2 equity funds, Arab Finance reported, while Cleopatra Hospital's capital increased to EGP 733.9 million and 5 analysts maintained Outperform ratings, according to ad-hoc-news.de.
Title: Cairo For Investment And Real Estate Developments ?CIRA Education (CIRA.CA) - Disclosure Form for the BoD & the Shareholders' Structure