EGX 30 ends flat as tax relief and mixed earnings shape sentiment
The EGX 30 closed at 54,829.3, down 0.0851% on Aug. 11, as tax relief headlines and mixed corporate updates framed trading. Egypt will exempt EGX capital gains from income tax, according to CairoScene on Aug. 6. On the corporate side, Abu Qir Fertilizers posted a 119% profit surge on revenue and export gains, according to Egypt Oil & Gas on July 30, while Cleopatra Hospital expects 31% year-on-year revenue growth in the second quarter of 2026, according to TradingView on July 27. In financial services, EFG Hermes plans a $150 million investment in Saudi private education, according to jawlah.co on July 21, while Bank NXT and EFG Hermes launched Egypt’s first co-branded bank-brokerage Visa credit card, FF News reported on July 28.
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