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

Today: Telecom Egypt sets timeline to settle its debts + earnings updates from Arab Cotton Ginning, Dice, & El Kahera Housing. We also have the latest on the EGX’s performance in November, below.

🔔 EGX30 ended -0.17% by market close at 40,625 points, the EGX70 rose 0.75% to 12,380 points, and the EGX100 increased 0.20% to reach 16,462 points.

💸 The number of transactions reached 144,464 spread across 4,491,200,064 stocks leading to a turnover of EGP 7.8 billion.

🏷️ Regional investors were the only net sellers.

📈 Top gainers for the market as a whole included October Pharma (+13.17%), Egyptian Real Estate Group (+11.20%), and Pioneers Properties For Urban Development (+11.06%).

📉 Top losers for the market included GTEX For Commercial And Industrial (-8.11%), Gmc Group For Industrial Commercial & Financial Investments (-4.93%), and El Ahram Co. For Printing And Packing (-4.78%).

⬆️ Top gainers for EGX30 included CIB (+1.8%), Credit Agricole (+1.7%), and Rameda (+1.2%).

⬇️ Top losers included Qalaa Holdings (-4.7%), Misr Cement (-3.8%), and EFG Holding (-2.7%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,447 per gram, down 1.01% day-on-day but up 4.86% month-on-month.

💲 The USD reached EGP 47.47 at the National Bank of Egypt.

📡Telecom Egypt (ETEL) expects to clear all its outstanding debt within the next four to five years, paving the way for the company to finally shift back into positive cash territory once repayments are wrapped up. Remember, ETEL is reportedly close to selling most of its data center assets to Helios Investment Partners for around USD 230-260 million, with the deal expected to close by Q1 2026. The bulk of the proceeds will go toward reducing debt.The company’s share value is up 87% since the start of the year. 

📝Remco for Touristic Villages Construction (RTVC) has tapped a consulting firm to run a full credit-risk assessment and gauge its ability to meet financial obligations and keep operations steady. The firm has one week to finish the study so auditors can finalize their adjusted 2024 financial report. The firm’s shares have risen 4.4% since the beginning of 2025.

⬇️ Arab Cotton Ginning (ACGC) saw its profit fall from EGP 660.17 million to EGP 526.72 million in the financial year from July 2024 to June 2025. Its sales also slipped to EGP 2.63 billion from EGP 4.03 billion. The company’s share price is up 1.37% year-to-date.

📉 Dice Sport and Casual Wear (DSCW) reported a net profit of EGP 301.65 during the first nine months of the year, down significantly from EGP 804.69 million a year earlier. The company’s sales rose during the period to EGP 5.13 billion, up from EGP 4.05 billion in 9M 2024. The company’s share value is up 18.28% since the start of the year. 

🏘️ El Kahera Housing (ELKA) posted net earnings of EGP 66.82 million for the first nine months of 2025, compared with EGP 1.16 billion in the same period last year. However, its revenues rose during 9M to EGP 399.51 million, up from EGP 319.9 million in the same period last year. It’s worth noting that ELKA recorded gains from the revaluation of investment properties amounting to around EGP 1.499 billion in 9M 2024. The firm’s shares have risen 14.87% since the beginning of 2025.

🚄 The Egyptian government has reportedly awarded the EUR 540 million Cairo-Alexandria freight railway project to a French-Egyptian consortium including Alstom, Concrete Plus, and Rowad Modern Engineering, four sources familiar with the matter told Asharq Business. Fully funded by the World Bank, the project will be implemented in three phases from mid-2026 to 2030, aiming to raise freight capacity from 8 million to 13 million tons per year by 2030. Once complete, it will initially handle 15 container trains daily, scaling to 50 trains by 2060.

💵 Egypt’s net foreign assets in the banking sector reached USD 22.65 billion in October, up 1.87 billion from September's figure and more than double October 2024’s USD 9.2 billion, driven by commercial banks and the central bank. The central bank posted a surplus of USD 11.7 billion, up from USD 11.1 billion in September. Net foreign assets are a key indicator of economic stability, reflecting the banking system’s ability to cover imports and support the Egyptian pound.

The EGX30 increased by 6.5% in November, ending the month at 40,800 points, according to the latest market data from the Egyptian Exchange.

How did other indices perform?

The EGX 33 Shariah Index recorded the most gains in November, rising by 9.99% and concluded the period at 4,317.66 points .

Meanwhile, the EGX70 EWI index posted a 1.7% gain concluding the period at 12,291.29 points, while EGX100 EWI index rose by 3.08% and concluded the period at 16,399.17 points.

Overall market capitalization grew 4% to reach EGP 2.9 trillion.

Trading slows in value:

Total turnover dropped to EGP 1.55 trillion from EGP 1.65 trillion in October. Stocks accounted for 10.4% of total turnover, with bonds and bills making up the remainder.

The strongest performing sectors were education services (up 25.4%), building materials (18%), IT, media & communications (13.7%), real estate (12.9%), and contracting & construction engineering (9.7%). The weakest sectors included travel & leisure (-7.7%), textiles & durables (-5.7%), basic resources (-4.7%), healthcare & pharma (-4.5%), trade & distributors (-3.6%), and food, beverages & tobacco (-1.7%).

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

Your daily market lens, signing off.