EGX 30 rises 0.41% as strong H1 earnings support Cairo equities
The EGX 30 closed up 0.41% at 54,737.1 on Aug. 20, after a 0.25% decline flagged in a market note on Aug. 18. Earnings drove the flow, with Orascom Construction reporting a 52% year-on-year jump in H1 2026 consolidated revenue and a $10.9 billion backlog, while quarterly profit reached $61.9 million, according to Arab Finance and TradingView. Telecom Egypt posted 17% H1 revenue growth and higher Q2 profit, while Talaat Moustafa Group reported a 23% rise in H1 net profit and EFG Holding said Bank NXT profit jumped 33%, according to Telecompaper, Zawya and Gulf Business. Mid-cap updates added support, with Juhayna Food Industries reporting $27.62 million in Q1 profit and Egyptian Resorts posting EGP 11.4 million in Q1 consolidated profit, while EFG Hermes advised eFinance on the strategic acquisition of Tamweely Financial Services, reported الاقتصادي نيوز.
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EGX 30 slips 0.25% as Orascom Construction posts 52% H1 revenue jump
The EGX 30 fell 0.25% to 55,276.8 points on Aug. 18, with corporate earnings driving the session's narrative. Orascom Construction reported a 52% year-on-year jump in consolidated H1 2026 revenue, while backlog reached $10.9 billion, rapporte آراب فاينانس. EFG Holding posted higher revenue as Bank NXT profit rose 33%, according to Gulf Business. Egyptian Resorts reported Q1 consolidated profit of EGP 11.4 million, d'après TradingView.
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