Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.

🔔 EGX30 ended +0.02% by market close at 40,509 points, the EGX70 grew 1.44% to 12,265 points, and the EGX100 also rose 1.07% to reach 16,268 points.

💸 The number of transactions reached 131,170 spread across 2,138,066,062 stocks leading to a turnover of EGP 5.4 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included Subscription Rights Of Macro Group Pharmaceuticals (+27.90%), Macro Group Pharmaceuticals (+19.93%), and Suez Canal Company For Technology Settling (+13.16%).

📉 Top losers for the market included Subscription Rights Of Abu Dhabi Islamic Bank - Egypt -3 (-6.25%), October Pharma (-5.41%), and El Nasr For Manufacturing Agricultural Crops (-4.99%).

⬆️ Top gainers for EGX30 included Misr Cement (+6.1%), Beltone Holding (+3.9%), and E-finance (+2.3%).

⬇️ Top losers included EFG Holding (-2.6%), Juhayna (-2.0%), and Oriental Weavers (-2.0%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,287 per gram, up 1.20% day-on-day but down 4.58% month-on-month.

💲 The USD reached EGP 47.34 at the National Bank of Egypt.

💸 EFG Holding (HRHO) posted a 22% rise in 3Q25 net profit to EGP 846 million, driven by strong performance at BANK NXT and its non-bank financial institutions. The Group’s total revenues grew 27% year-on-year to EGP 6.3 billion, supported by broad-based growth across banking, consumer finance, leasing, and investment platforms. (Read more in our Deeper Look section).

⚡ Telecom Egypt (ETEL) finalized the 45-kilometer segment of the 2Africa subsea cable, the world’s longest cable connecting East and West Africa, in collaboration with China Mobile International, Meta, Orange, Vodafone Group, and West Indian Ocean Cable Company. The cable, which lands in 33 countries including Egypt at Ras Ghareb and Port Said, is expected to contribute up to USD 36.9 billion to Africa’s GDP in its first two to three years by supporting job creation, entrepreneurship, and innovation hubs across the continent, according to ETEL. The company’s share value has risen over 81% since the start of the year.

📝 E-Finance (EFIH) said yesterday it is preparing a new three-year investment strategy, which may involve preliminary plans to invest around USD 80 million and will focus on expanding into new sectors to enhance shareholder returns and grow its fintech and financial services operations. The fintech company’s share value has risen almost 36% since the start of the year.

🏘️ Madinet Masr (MASR) and Saudi Arabian developer Waheej Real Estate have established a 50-50 joint venture, “Citydom”, to develop an integrated residential project in Riyadh. The partnership is part of Madinet Masr’s regional growth strategy, aiming to deliver modern, sustainable urban communities for Saudi families, according to CEO Abdallah Sallam. The EGX-listed real estate company saw its shares rise 14.44% since the beginning of 2025.

✅ Egypt Kuwait Holding (EKHO) has started construction of a GBP 60 million plastic waste recycling facility in the UK through one of its subsidiaries, with operations expected to begin in the fourth quarter of 2026. The project marks a step in the company’s international expansion and commitment to sustainable industrial investments. The investment company’s share value has dropped 11.66% since the start of the year.

📝 Misr Insurance Holding is reportedly considering launching investment funds tracking EGX-listed equities worth up to EGP 4 billion, an unnamed company official told Asharq Business. The company has already met the FRA requirement to invest 2.5% of paid-in capital in equity funds, and is reviewing fund structures and managers, with plans to implement within the next six months.

👀 Egypt’s government is reportedly planning to introduce a package of stock market incentives next week, including a unified 0.125% stamp duty, tax exemptions for IPO profits, and measures to encourage EGX listings, sources told EnterpriseAM. The government expects the changes to boost investment flows, expand privatization through minority EGX listings, and support broader market growth ahead of ongoing program reviews by the International Monetary Fund.

⚛️ Egypt’s Electricity Ministry and Russia’s Rosatom yesterday signed a nuclear fuel supply agreement for the USD 28.8 billion, 4.8 GW Dabaa power plant, coinciding with the installation of the pressure vessel for the plant’s first reactor in an event that was overseen by Egypt’s President El Sisi and Russia’s President Putin via video link. Work on Dabaa — Egypt’s first nuclear power plant with four 1.2-GW reactors — began in 2022 and is planned to start operations at the beginning of the next decade, becoming a major supply of energy for the country.

EFG Holding reported a net profit after tax of EGP 846 million in 3Q25, up 22% from EGP 693 million in 3Q24, as revenue growth at BANK NXT and EFG Finance offset weaker results at EFG Hermes. Group revenues rose 27% year-on-year to EGP 6.3 billion, driven primarily by these high-performing platforms.

The company, holding a 4.78% weight in the EGX 30 index., saw its share value drop -2.6% yesterday but is still up over 29% since the start of the year.

BANK NXT remained the main earnings engine, reporting revenues of EGP 2.7 billion (+119%) and net profit after tax of EGP 1.5 billion (+245%), of which EFG Holding’s share was EGP 756 million. The bank’s gross loans rose 67% to EGP 44.8 billion, and customer deposits increased 23% to EGP 81.5 billion, pushing the loan-to-deposit ratio to 55%.

The non-bank financial institution platforms, led by EFG Finance, delivered broad-based growth with revenues of EGP 1.5 billion (+38%). Key contributors included U Consumer Finance (VALU on the EGX)  at EGP 764 million (+79%), Tanmeyah at EGP 550 million (+9%), leasing at EGP 189 million (+28%), and factoring at EGP 39 million (+12%).

EFG Hermes recorded EGP 2.1 billion in revenues (-20%), weighed down by losses in Holding & Treasury Activities. Core operations performed well, with sell-side up 27%, buy-side up 16%, brokerage at EGP 1.5 billion (+23%), and investment banking surging 50%, while asset management and private equity reached EGP 385 million (+7%) and EGP 123 million (+58%), respectively.

EFG Holding plans to continue expanding its banking and non-banking financial services, leveraging the momentum at BANK NXT and scaling consumer finance, leasing, and investment platforms across the region. The Group is also pursuing growth through selective acquisitions, market expansion, and new product offerings.

In other news from the company: 

EFG Corp-Solutions, a subsidiary of EFG Holding through EFG Finance, successfully completed a EGP 3.82 billion securitization, using a portfolio of financial leasing contracts as collateral.  This follows EFG Finance’s leasing and factoring unit issuance of a EGP 2.65 billion, 13-month corporate bond, marking the largest-ever private sector bond in Egypt.

Stay curious, stay invested — we’ll see you tomorrow.

Your daily market lens, signing off.