EGX 30 falls 0.86% to 46,791 pts as Telecom Egypt dominates headlines
The EGX 30 index closed at 46,791 points, down 0.86% according to market data. Telecom Egypt captured focus by signing a modified shareholders' agreement with Vodafone Group and securing Egypt's first 5G license, according to Africa Business Communities. The company also reported consolidated profits soaring 123.35% year-on-year for 2025, per ZAWYA. Meanwhile, the Financial Regulatory Authority approved licenses for CI Capital, Mubasher Trade and EFG Hermes, reports waya.media.
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EGX 30 rises 0.75% as Abu Qir Fertilizers posts 119% profit jump
The EGX 30 closed up 0.75% at 54,501.7 points on Aug. 4, with the session shaped by company announcements. Abu Qir Fertilizers posted a 119% profit surge, driven by higher revenue and export gains, according to Egypt Oil & Gas on July 30. In financial services, Bank NXT and EFG Hermes launched Egypt’s first co-branded Visa credit card between a bank and a brokerage, FF News reported on July 28. Regulatory flow stayed active with 10 issuer filings on Aug. 4, including board decisions, meeting minutes and disclosure forms.
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