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

Today: KABO is nearly doubling production at its Amreya and Hadra factories to boost exports, Egypt Aluminum is launching a new wire line, and the government is reportedly planning tax incentives for newly-listed companies.

🔔 EGX30 ended +0.63% by market close at 41,762 points, the EGX70 rose 2.65% to 12,794 points, and the EGX100 increased 2.05% to reach 16,925 points.

💸 The number of transactions reached 150,736 spread across 3,910,933,079 stocks leading to a turnover of EGP 7 billion.

🏷️ Local investors were the only net sellers.

📈 Top gainers for the market as a whole included Amer Group Holding (+19.54%), The Arab Ceramic CO.- Ceramica Remas (+12.84%), and Arabia for Investment and Development (+10.19%).

📉 Top losers for the market included Arab Dairy - Panda (-5.53%), Al Khair River For Development (-5.26%), and Misr Cement (-3.4%).

⬆️ Top gainers for EGX30 included Beltone Holding (+6.9%), Palm Hills Developments (+6.4%), and Orascom Construction (+3.8%).

⬇️ Top losers included Misr Cement (-3.4%), ADIB (-2.7%), and GB Corp (-1.0%)

Other Important Stats: 

🧈 24K Gold reached EGP 6,437 per gram, up 0.27% day-on-day and up 5.27% month-on-month.

💲 The USD reached EGP 47.45 at the National Bank of Egypt.

👀 El Nasr Clothing and Textiles (KABO) is executing a major expansion at its Amreya and Hadra factories, increasing production lines from 41 to 78 as it seeks to boost exports to regional and international markets. (Read more in our Deeper Look section.)

📝 Egypt Aluminum (EGAL) has launched trial operations on a USD 17.5 million aluminum wire line in Nag Hammadi, which will produce 5,000 tons per month of high-quality wire. The project was implemented with Italy’s Properzi and will diversify products, increase added value, and strengthen the company’s presence in domestic and international markets. The company’s share value is up almost 78% since the start of the year.

⬆️ El Garhy Investment yesterday increased its stake in Arab Developers Holding (ARAB) to 4.63%, buying 500 million shares for EGP 124.1 million. Total related-party holdings now reach 19.4%, following the developer’s approval of a EGP 1 billion rights issue to raise capital. Arab Developers Holding ended yesterday up 4% following the news, continuing an upward streak as it has gained 45.76% over the past month. Overall its share value is up around 6% since the start of the year.

🔔 Egypt’s Finance Ministry and the Financial Regulatory Authority are studying incentives that would give newly-listed companies a three-year tax exemption on IPO income, with a possible extension based on growth and performance, a government source told EnterpriseAM. The proposals also include exemptions on gains for holding companies from sales of Egyptian subsidiaries and unlisted shares. The incentives are reportedly expected to be enacted in the first half of 2026, according to the news outlet.

💵 Egypt’s foreign reserves reached a record USD 50.2 billion at the end of November, up USD 144 million from October, according to central bank data. The steady growth in reserves is supported by rising export revenues, increased tourism income, and higher remittances from Egyptians abroad.

🛢️Egypt plans to launch an international tender for foreign companies to supply around 100 liquefied natural gas shipments next year to meet domestic energy demand, an unnamed government official told Asharq. The tender, expected in March with deliveries starting in April, sets a maximum average shipment price of USD 54 million. The official said Egypt intends to continue importing LNG until 2029–2030 to cover the shortfall caused by declining domestic production, which has dropped to 4.2 billion cubic feet per day while daily demand reaches 6.2 billion cubic feet, rising to 7.2 billion in summer months.

El Nasr Clothing and Textiles (KABO) is executing a major modernization and expansion program at its Al-Amreya and Al-Hadra factories. Upon completion, production capacity will exceed 85,000 pieces per day, with the number of production lines rising from 41 to 78.

New lines:

The plan upgrades cutting rooms, adds new production lines, and improves operational efficiency to support third-party manufacturing and exports. At the Al-Amreya factory, an advanced automatic cutter will raise daily cutting capacity to around 30,000 pieces, and production lines will expand from 4 to 12, reaching 10,000 pieces per day.

At the Al-Hadra factory, production lines will increase from 37 to 66, boosting daily output from 40,000 to roughly 75,000 pieces, depending on the product type and line.

Global partnerships fuel growth:

These expansions are backed by partnerships with companies from Italy, Turkey, and China. The collaborations support Kabo’s strategy to enhance efficiency, increase production, and expand exports to Gulf and European markets.

New supply deal with Yassin Textile:

In October, Kabo signed an agreement with Turkey’s Yassin Textile to supply products under its expansion and export strategy. Production began in an initial phase on October 25, with expected sales of 600,000 dollars and an annual plan to increase sales to 2 million dollars.

Financials reflect last year’s challenges:

In November, Kabo reported its consolidated results for the 2024–2025 fiscal year, showing a 26% decline in net profit. Net profit reached 154.2 million Egyptian pounds, down from 207.92 million pounds the previous year. Total sales grew to around 1.1 billion pounds, up from 975.96 million pounds.

Despite the profit drop, the company’s share value is up almost 98% since the start of the year.

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

Your daily market lens, signing off.