EGX 30 jumps 3.11% as AI, construction and fertilizers drive flow
The EGX 30 rose 3.1109% to 46,731.5 on April 1, marking the session's clearest signal amid a news flow led by technology, construction and fertilizers. Intelligent CIO reported that Elsewedy Electric teamed up with IBM to advance enterprise-scale Agentic AI adoption through the watsonx portfolio. ZAWYA said Orascom Construction reported a $9 billion consolidated backlog in 2025, while Abu Qir Fertilizers approved a $5.6 million coated urea project with capacity of 400 tons per day. April 1 filings also included several AGM and board decisions, alongside a treasury-share purchase update from Palm Hills Development, according to exchange disclosures.
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The EGX 30 closed down 1.38% at 54,512.7 on Aug. 19, despite a run of broadly positive corporate updates. Egyptian Resorts posted consolidated first-quarter profit of EGP 11.4 million, according to TradingView. Juhayna Food Industries reported a profit of $27.62 million in the first quarter of 2026, according to Dairy Business Middle East & Africa. EFG Holding reported higher revenue while Bank NXT profit jumped 33%, Gulf Business reported.
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