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

Today: News from Eipico and Edita + earnings updates from Rowad Tourism and Atlas For Investment and Food Industries & more.

🔔 EGX30 ended -0.05% by market close at 42,033 points, the EGX70 fell 0.05% to 12,940 points, and the EGX100 dropped 0.04% to reach 17,144 points.

💸 The number of transactions reached 143,523 spread across 2,864,513,471 stocks leading to a turnover of EGP 7.1 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included Golden Textiles & Clothes Wool (14.06), South Valley Cement (+8.18%), Arab Moltaka Investments Co (+6.60%).

📉 Top losers for the market included Orascom Construction (-5.5%), Ceramic & Porcelain (-3.18%), and Egyptians Real Estate Fund Certificates (-3.05%).

⬆️ Top gainers for EGX30 included Ibnsina Pharma (+2.6%), Madinet Masr (+2.1%), and ADIB (+1.7%).

⬇️ Top losers included Orascom Construction (-5.5%), EFG Holding (-1.6%), and TMG Holding (-1.6%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,591 per gram, up 0.16% day-on-day and up 2.53% month-on-month.

💲 The USD reached EGP 47.49 at the National Bank of Egypt.

💊 Eipico (PHAR) has received final approvals from the Egyptian Drug Authority and the General Authority for Industrial Development for its “Epico 3” biologicals and biosimilars plant in 10th of Ramadan City, paving the way for operations to start in Q1 2026. The company also officially launched its new biologic drug, Adalimumab, for local distribution through the Unified Procurement Authority and secured its first export order to Namibia, highlighting its growing presence in African markets. The company’s share price is up 55% since the start of 2025.

🥐 Edita Food Industries (EFIF) expects sales of around EGP 20.5 billion in 2025, it said in an EGX disclosure last week. This came after the company unveiled a plan to pump an EGP 4 billion investment in 2026 to expand production in Egypt, Morocco, and Iraq. The company will add four new production lines and launch operations in Iraq early next year, aiming to grow sales to EGP 26 billion in 2026 and strengthen its regional presence.The company's share value is up 88.5% since the beginning of 2025.

💸 The Financial Regulatory Authority approved Copper For Commercial Investment & Real Estate Development (COPR) to invite existing shareholders to subscribe to a capital increase, raising the company’s issued capital from EGP 78.83 million to EGP 236.49 million. Subscription rights for current shareholders end on 21 December 2025, with the subscription period running from 24 December 2025 to 26 January 2026. The company’s share value is up 49% since the start of the year.

🍎Atlas For Investment and Food Industries (AIFI) posted a sharp rise in losses during the first nine months of 2025, with losses hitting EGP 17.3 million, up 517.9% year-on-year from EGP 2.8 million. Meanwhile, revenues edged up to EGP 31.06 million from EGP 28.23 million in the same period last year. The company’s share value is up 163% since the start of the year though.

⬇️ Rowad Tourism (ROTO) posted a turnaround to losses in the first nine months of 2025. The company reported a loss of EGP 5.51 million, compared with a profit of EGP 17.08 million in the same period of 2024, while revenues nearly doubled to EGP 149.51 million from EGP 70.82 million year-on-year. The firm’s share value is down 10% since the start of 2025.

🔔 MO Group is preparing for an IPO on the EGX in the second half of 2026, offering 10–20% of its shares once it completes its transition into a joint-stock company. The sweets, chocolate, and biscuit producer also plans to invest USD 10 million next year to add new production lines and double its exports. By 2026, the company aims to expand into up to 80 markets, reach USD 12 million in exports, and boost local sales by at least 50%, supported by the new lines.

December 16, 2025:

General Company for Silos and Storage (GSSC) - dividend record date for EGP 2.25 per share. The distribution date is Sunday, 21 December.

Commercial International Bank (COMI) - dividend record date for 0.1 bonus share per share. The distribution date is Wednesday, 17 December.

Rubex International for Plastic and Acrylic Manufacturing (RUBX) - dividend record date for 0.068 bonus share per share. The distribution date is Wednesday, 17 December.

December 17, 2025:

Canal Shipping Agencies (CSAG) - dividend record date for EGP 2.899 per share. The distribution date is Monday, 22 December.

December 21, 2025:

Arabian Cement Co (ARCC) - dividend record date for EGP 2.94 per share. The distribution date is Wednesday, 24 December.

🛢️Dana Gas has made a new onshore gas discovery in Egypt’s Nile Delta, with estimated reserves of 15 -25  billion cubic feet and initial output expected at no less than eight million cubic feet per day, supporting Egypt’s push to boost production and curb LNG imports. The find is part of a USD one hundred million drilling program that could add up to eighty billion cubic feet of recoverable reserves and generate savings of more than USD one billion for the Egyptian economy over the long term. This comes as domestic production has reached 4.2 billion cubic feet per day while daily demand reaches 6.2 billion cubic feet, rising to 7.2 billion in summer.

💰 Egypt plans to attract around USD 6.5 billion to develop seven new free zones over the next three years, according to a government official told Asharq Business. The zones are expected to span nearly one thousand feddans and generate USD two point three five billion in annual exports, as authorities prepare regulatory tweaks to turn them into specialized hubs targeting industries such as textiles, automotive components, electronics, logistics, chemicals, and solar energy.

📝 Bloomberg expects Egypt’s economic recovery to gather more momentum over the next two years, with growth forecast to reach 4.4% in 2025 and 4.7% in 2026, supported by exchange rate stability, IMF-backed reforms, and stronger-than-expected performance in the first half of the year. Growth accelerated to 5.3% in 3Q, the strongest in over three years, driven by higher Suez Canal revenues, tourism, and manufacturing, even as inflation pressures are expected to persist into next year.

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

Your daily market lens, signing off.