
Telecom Egypt lifts EGX 30 as eFinance targets Tamweely deal
The EGX 30 closed up 0.38% at 55,251.6 on Aug. 13, with earnings and deal news setting the tone. Telecom Egypt reported a rise in second-quarter profit and also published its audited H1 2026 results, according to TradingView and Kalkine Media. Separately, EFG Hermes is advising eFinance on the strategic acquisition of Tamweely Financial Services, Zawya reported. H1 results from Industrial & Engineering Projects and Export Development Bank of Egypt added to the session's corporate flow, according to Aug. 13 market disclosures.
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Al Alamia Ceramics posted the day’s top gain on the Cairo Stock Exchange, rising 3.6% to EGP 34.3 while the EGX 30 fell 1.14%. The move highlights selective appetite for construction-linked names even as a weaker pound and higher oil prices weighed on broader sentiment.
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