EGX 30 rises 0.29% as Abu Qir and data-centre moves drive headlines
The EGX 30 closed up 0.2897% at 54,659.6 on Aug. 5, with headlines led by earnings and strategic transactions. Abu Qir Fertilizers posted a 119% profit surge on revenue and export gains, according to Egypt Oil & Gas, while Cleopatra Hospital expects 31% year-on-year revenue growth in Q2 2026, according to TradingView. Telecom Egypt terminated plans to sell a stake in its data-centre business to Helios and is now focusing on a 100%-owned subsidiary, according to Kalkine Media, W.Media and Developing Telecoms. EFG Hermes plans a $150 million investment in Saudi private education, according to jawlah.co, while Elsewedy Electric signed industrial land deals with 7 Egyptian investors in Tanzania but said its wiring-harness factory plans remain under study, according to Zawya and Arab Finance.
Related stories
Cairo Stock Exchange — Oriental Weavers Jumps 9.1% on EGP 438m, Reviving Egypt’s Textile Trade
Oriental Weavers rose 9.1% to EGP 26.35 on EGP 438.2 million in turnover, one of the day’s heaviest flows in Cairo. The move came as the EGX 30 added just 0.29%, with a firmer EGP and lower oil prices helping domestically exposed names.
Release from Beltone Holding (BTFH.CA.) Regarding the Investor Relations Officer
Release from South Valley Cement (SVCE.CA) Concerning the Board of Directors & the Executive Managers