Rowad Tourism (Al Rowad) (ROTO.CA) - Board of Directors' Decisions

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.

Cairo Stock Exchange — MCQE and MTIE Jump 6.5% as Mid-Caps Seize the Lead

MCQE and MTIE led Wednesday’s gains with a 6.5% rise each, while the EGX 30 added just 0.38%. The session underscored a shift toward mid-caps as the dollar held at 50.17 EGP and Brent crude stayed elevated at $88.71.

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.