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

Hello, everyone. As we enter the final week of the year, we hope those of you who celebrated had a wonderful Christmas. As usual at year-end, the news cycle slows down, so today’s issue is short and sweet, with some updates from Raya, Sodic, Egyptian Media Production City, & Contact Financial

🔔 EGX30 ended -0.62% by market close at 41,253points, the EGX70 dropped -0.11% to 13,075 points, and the EGX100 decreased 0.13% to reach 17,259 points.

💸 The number of transactions reached 133,119 spread across 2,295,895,831 stocks leading to a turnover of EGP 5.2 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included Subscription Rights Of Copper For Commercial Investment (+24.11%), Alexandria National Company for Financial Investment (+19.08%), and Amer Group Holding (+8.56%).

📉 Top losers for the market included National Housing for Professional Syndicates (-9.47%), Concrete Fashion Group (-4.76%), and Alexandria Flour Mills (-4.06%).

⬆️ Top gainers for EGX30 included Juhayna (+3.5%), Orascom Construction (+3.1%), and Valmore Holding (+2.6%).

⬇️ Top losers included Qalaa Holdings (-2.2%), CIB (-1.8%), and Raya Holding (-1.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,857 per gram, up 0.97% day-on-day and up 7.94% month-on-month.

💲 The USD reached EGP 47.55 at the National Bank of Egypt.

✅ Raya Holding (RAYA) has approved the establishment of a new company by Aman Holding for Non-Banking Financial Services and Electronic Payments, focused on securitization. The new entity will be named Aman Securitization, with Aman Holding owning 99.6% and Raya Holding participating in the setup. The company’s initial capital will be EGP 10 million. RAYA’s share value is up 18% since the start of the year.

📝 SODIC (OCDI) strongly denied recent media reports claiming that its senior executives were sent to trial over a property delivery dispute, according to a release seen by EnterpriseAM. The company described the allegations as a revival of a six-year-old case that had already been dismissed by the public prosecution. For context, the company’s shares are up 11% since the beginning of 2025.

✅ Egyptian Media Production City Co (MPRC) has approved its budget for the upcoming year, targeting a net profit of EGP 723.6 million. The company expects revenues of around EGP 1.44 billion next year, up from projected revenues of EGP 1.3 billion for the current year. Planned expenses for the next year are set at approximately EGP 721.1 million. It’s worth noting that the company’s share value is up 31% since the beginning of the year

👀 Company Chairman Hazem Moussa reduced his stake in Contact Financial Holding (CNFN) from 6.75% to 4.99%, selling around 21.01 million shares for a total of EGP 104.88 million at an average price of EGP 4.99 per share. Remember, Contact Financial reported a net profit of EGP 291.33 million in the first nine months of 2025, down from EGP 477.35 million in the same period of 2024, while revenues rose to EGP 1.62 billion from EGP 1.33 billion. For context, the company’s shares are up 16% since the beginning of 2025.

December 28, 2025 (today):

Al Shams Housing and Urbanization (ELSH) - dividend distribution date for EGP 0.05 per share. The record date was 23 December.

December 29:

National Company for Housing for Professional Syndicates (NHPS) - dividend distribution date for EGP 7.5 per share. The record date was 24 December.

December 30:

Wadi Kom Ombo Land Reclamation (WKOL) - dividend distribution date for EGP 7.07 per share. The record date was 25 December.

CIRA Education (CIRA) - dividend distribution date for EGP 0.343 per share. The record date was 25 December.

E-Finance For Digital and Financial Investments (EFIH) - dividend distribution date for EGP 0.174 per share. The record date was 25 December.

⬇️ Egypt’s central bank delivered its fifth interest rate cut of 2025 at its final policy meeting of the year, trimming rates by 100 basis points to 20% on deposits and 21% on lending. The move builds on cumulative easing of 625 basis points since April and was supported by easing inflation, a firmer pound, and a recent rate cut by the US Federal Reserve

📝The Finance Ministry will issue EGP 5 billion in three-year local sukuk tomorrow, with settlement on Tuesday. The issuance reopens a series with a fixed 21.224% coupon. This fifth tranche brings total sovereign sukuk proceeds to EGP 20 billion as part of the program targeting EGP 200 billion by June.

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

Your daily market lens, signing off.