EGX 30 rises 1.39% as dividend announcements support trade

The EGX 30 closed up 1.389% at 51,437.8 on April 16, with trading shaped by a fresh run of payout announcements. Telecom Egypt will disburse an EGP 1.5-per-share dividend for 2025 on April 30, according to ArabFinance and Investing.com. Cleopatra Hospital also secured OGM approval for a 2025 cash dividend, ZAWYA reported. The income theme broadened across the market, with Pyramisa Hotels also declaring a cash dividend on April 15, according to analyst disclosures.