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

Today: Elsewedy Electric profits dip slightly to EGP 12.67 bn; Abu Dhabi Islamic Bank-Egypt rises 39%; Suez Canal Tech profits jump 36.4%; and Egyptian Media Production City falls 22%.

🔔 EGX30 ended +2.09% by market close at 39,949 points, the EGX70 grew 0.03% to 12,081 points, and the EGX100 also rose 0.38% to reach 15,989 points.

💸 The number of transactions reached 149,898 spread across 1,709,137,226 stocks leading to a turnover of EGP 7.1 billion.

🏷️ Egyptian investors were the only net sellers.

📈 Top gainers for the market as a whole included Sues Canal Company For Technology Settling (+20%), Fawry (+7.55%), and Development & Engineering Consultants (+7.20%).

📉 Top losers for the market included Export Development Bank of Egypt (-5.93%), El-Nile Co. For Pharmaceuticals And Chemical Industries (-5.66%), and Cleopatra Hospital Company (-5.13%).

⬆️ Top gainers for EGX30 included Fawry (+7.55%), Eastern Company (+4.6%), and Egypt Aluminum (+3.9%).

⬇️ Top losers included Misr Cement (-2.5%), Egypt Kuwait Holding -EGP (-2.1%), and Telecom Egypt (-1.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,114 per gram, almost unchanged day-on-day but down 0,85% month-on-month.

💲 The USD reached EGP 47.3 at the National Bank of Egypt.

⚡ Elsewedy Electric (SWDY) reported net profit of EGP 12.67 billion for the first nine months of 2025, down from EGP 13.25 billion in the same period last year, while revenues rose to EGP 199.7 billion from EGP 164.82 billion. A subsidiary of the company also announced a new glass production facility in partnership with Xinmin Glass Egypt, with total investments expected to reach USD 70 million upon completion of all three phases. (Read more in our Deeper Look section.)

💸 Abu Dhabi Islamic Bank – Egypt (ADIB) saw its net profit rise 39% year-on-year in the first nine months of 2025, recording EGP 9.44 billion compared to EGP 6.8 billion in the same period last year. The bank’s revenues from Murabaha, Mudaraba, and other Sharia-compliant financing also increased to over EGP 36 billion from EGP 26.07 billion a year earlier. The company’s share value rose 34.42% since the beginning of 2025.

💰 Suez Canal Company For Technology Settling (SCTS) reported a 36.4% year-on-year increase in net profit for the fiscal year ending in August 2025, recording EGP 1.8 billion compared to EGP 1.32 billion in the previous fiscal year. The company’s revenues also rose to EGP 2.71 billion from EGP 2.07 billion a year earlier. The company’s stock grew 20% on news of its earnings results (becoming the top EGX gainer on Thursday), and is up 207.32% since the start of the year.

⬇️ Egyptian Media Production City (MPRC) recorded a net profit decline of over 22% year-on-year in the first nine months of 2025, posting EGP 480.04 million compared to EGP 616.83 million in the same period last year. The company’s revenues, however, increased to EGP 886.63 million from EGP 760.83 million a year earlier. MPRC’s share value rose 37.42% since the beginning of 2025.

💵 Macro Capital (MCRO) received approval from the Financial Regulatory Authority to invite existing shareholders to subscribe to a capital increase of 2.85 billion shares at a nominal value of EGP 0.20 per share. The subscription period runs from November 18 to December 3, 2025, with trading of subscription rights allowed separately from the original shares between November 18 and 30.

👀Qalaa Holdings (CCAP) is moving forward with plans to take Dina Industrial, the food production subsidiary of Dina Farms, public on the EGX, Chairman Ahmed Heikal told Asharq Business. Dina Industrial, responsible for producing and packaging dairy, yogurt, and cheese products, is among four of Qalaa’s subsidiaries that are being considered for a stock market listing.

November 9, 2025 (today):

East Delta Flour Mills (EDFM) - dividend distribution date for EGP 23 per share. The record date was Tuesday, November 4.

Alexandria Flour Mills (AFMC) - dividend record date for EGP 0.75 per share. The distribution date is Wednesday, November 12.

November 10, 2025:

Alexandria Container and Cargo Handling Co (ALCN) - dividend record date for USD 0.003 (EGP 1.81) per share. The distribution date is Thursday, November 13.

November 11, 2025:

Kahira Pharmaceuticals (CPCI) - dividend record date for EGP 16.74 per share per share. The distribution date is Sunday, November 16.

☀️ Renergy Group Partners is planning a massive hybrid renewables project in Sinai, combining a 15 GW solar plant, a 4.4 GW pumped-storage hydro facility, and a 1.9 GW green hydrogen plant. Electricity Minister Mahmoud Esmat said the ministry is reviewing technical and feasibility studies. If built, the project could cost upwards of USD 15 billion for the solar component alone, making it one of the largest renewable projects in the world, EnterpriseAM notes. The initiative will supply continuous power even after sunset, with part of the solar output feeding green hydrogen production. Remember, Egypt's 2030 clean energy target is to have 42% of its electricity generated from renewable sources

🤝 The Egyptian cabinet is reviewing plans to establish a Romanian industrial zone, following expressions of interest from over ten Romanian firms in investing in industries such as food production, ready-to-wear clothing, and home appliance parts, according to sources cited by Al Borsa.

Elsewedy Electric (SWDY) posted a small drop in profits during the first three quarters of 2025 as rising global costs and currency fluctuations weighed on earnings, even as sales reached record levels. The company reported net profit of EGP 12.67 billion for 9M 2025, down from EGP 13.25 billion in the same period last year, while revenues rose to EGP 199.7 billion from EGP 164.82 billion.

The company expects stronger performance in Q4 2025, fueled by higher production at its cable plants and ongoing growth in digital and infrastructure segments. At the end of October, Emirates NBD provided over EGP 20 billion in credit facilities to support Elsewedy’s expansion across Egypt, Saudi Arabia, and the UAE, financing power, manufacturing, and infrastructure projects.

Elsewedy has drawn notable foreign interest. In October, Egypt’s Financial Regulatory Authority rejected a takeover offer from UAE-based Sagasse Investment PLC to acquire all SWDY shares, citing conflicts of interest and fairness concerns for minority shareholders. Sagasse had proposed buying the company’s shares at EGP 65 each, either in cash or through a share swap with newly issued Sagasse stock, while already indirectly holding 18.9% of Elsewedy via Electra Investment Holding.

Elsewedy Industrial Development, a SWDY subsidiary, partnered with Xinmin Glass Egypt Co. Ltd to build a glass manufacturing plant in Sokhna 360. The facility spans 163,000 square meters, with initial investments over USD 30 million and total costs expected to reach USD 70 million across three phases. The plant will create more than 1,000 direct jobs and 3,000 indirect roles, producing over 516 million pieces annually.

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

Your daily market lens, signing off.