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

Today: KIMA surges 1,164% in Q1 net profit; Egyptian Gulf Bank rises 69%; Act Financial falls 3%; and MOPCO plans USD 200–250 mn investment.

🔔 EGX30 ended +2.18% by market close at 40,821 points, the EGX70 grew 0.28% to 12,115 points, and the EGX100 also rose 0.67% to reach 16,097 points.

💸 The number of transactions reached 144,069 spread across 1,273,862,369 stocks leading to a turnover of EGP 5.5 billion.

🏷️ Regional investors were the only net sellers.

📈 Top gainers for the market as a whole included Misr Beni Suef Cement (+12.79%), Egyptian Financial & Industrial (+7.58%), and Suez Canal Company For Technology Settling (+6.79%).

📉 Top losers for the market included South Cairo & Giza Mills & Bakeries (-7.15%), Arab Polvara Spinning & Weaving Co. (-4.96%), and Macro Capital (-4.05%).

⬆️ Top gainers for EGX30 included GB Corp (+5.7%), Eastern Company (+5.3%), and Arabian Cement (+4.9%).

⬇️ Top losers included Raya Holding (-1.7%), Rameda (-1.4%), and Ibnsina Pharma (-1.3%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,114 per gram, unchanged day-on-day but down 0.85% month-on-month.

💲 The USD reached EGP 47.29 at the National Bank of Egypt.

💸 Egyptian Chemical Industries “KIMA” (EGCH) reported a massive 1,164% year-on-year surge in net profit for the first quarter of its 2025–2026 fiscal year, recording EGP 482.7 million compared to EGP 38.17 million in the same period last year. The company’s sales also rose to EGP 1.18 billion from EGP 958.89 million a year earlier. (Read more in our Deeper Look section.)

💰 Egyptian Gulf Bank (EGBE) posted a 69% year-on-year increase in net profit for the first nine months of 2025, recording EGP 3.24 billion compared to EGP 1.91 billion in the same period last year, taking minority interests into account. The bank’s interest income also rose to EGP 18.97 billion from EGP 16.01 billion a year earlier. The lender’s share value has dropped 5.62% since the start of the year.

⬇️ Act Financial Consultancy (ACTF) posted a 3% year-on-year decline in net profit for the first nine months of 2025, recording EGP 546.76 million compared to EGP 563.03 million in the same period last year. The company’s revenues rose to EGP 874.09 million from EGP 828.06 million a year earlier. Remember, the company is making moves: last month Act Financial appointed Osoul Arabia Investment and Financial Consultancy to prepare a fair value study for six administrative units it plans to acquire in the URBNK project at Katameya Creeks, New Cairo. The firm’s stock has dropped 17.61% since the start of the year.

📉 Canal Shipping Agencies (CSAG) reported a 58% year-on-year drop in net profit for the first quarter of the current fiscal year, posting EGP 13.84 million compared to EGP 33.32 million in the same period last year. The company’s revenues, however, rose to EGP 46.79 million from EGP 29.82 million in the comparable quarter. The company attributed the decline in profits to foreign exchange losses caused by a drop in the USD exchange rate. CSAG’s share value has risen 19.86% since the beginning of 2025.

👀 Misr Fertilizers Production Company “Mopco” (MFPC) plans to invest USD 200–250 million next fiscal year to boost production capacity by 10% to 2.2 million tons annually and expand into new export markets, Ahmed Mahmoud, its chairman and managing director, told Al Borsa. The company is also exploring alternative markets in South Africa and Latin America while continuing to supply 25% of Egypt’s subsidized fertilizers, amid European carbon tax challenges. MOPCO’s shares have risen 6.24% year-to-date.

📝 Middle and West Delta Flour Mills (WCDF) said yesterday it plans to invest around EGP 450 million next fiscal year to expand capacity at its Shebin El Kom and Etihad mills to 200 and 300 tons per day, respectively. The company currently operates 12 mills with a total capacity of 4.4 thousand tons daily and has also offered 12 unused sites for lease, expecting an annual return of about EGP 10 million. The firm’s stock has risen 51.25% since the start of the year.

❌ Raya Holding’s (RAYA) mandatory tender offer for its subsidiary Raya Contact Center (RACC) ended with no sell orders recorded, the EGX said. Since the period has expired, Raya Holding’s revised offer of EGP 9 per share, which aimed to raise its stake from 60.8% to 90% and value the company at roughly EGP 1.54 billion, will no longer proceed. Remember, an independent advisor had estimated fair value between EGP 8 and 9.6 per share. RAYA’s share value dropped 1.7% by market close yesterday following the news (becoming the biggest loser on the EGX 30). Meanwhile, RACC’s stock was positive, with a 0.69% uptick, and is up 36.50 since the start of the year.

✅ CI Capital (CICH) completed a EGP 2 billion short-term notes issuance through its subsidiary Corplease Leasing Company. The issuance, fully subscribed by non-banking investors, was executed in a single tranche with a 12-month tenor and received a P2 rating from Middle East Ratings and Investor Services (MERIS). A P2 rating indicates a strong ability to repay short-term debt obligations, just below the highest P1 rating. CI Capital acted as financial adviser, issuance manager, and lead arranger. The successful issuance reflects ongoing business activity and could support the company’s future earnings.

November 10, 2025 (today):

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. 

November 12, 2025:

Alexandria Flour Mills (AFMC) - dividend distribution date for EGP 0.75 per share. The record date was yesterday.

💰Egypt’s foreign reserves climbed to a record high in October. Data from the Central Bank of Egypt shows net reserves reaching USD 50.071 billion by the end of the month, up from USD 49.533 billion in September 2025. Notably, reserves had already increased by USD 283 million in September compared to August, marking a new historic level.

🛢️Government-owned Enppi is close to securing a USD 350 million contract with Oman’s exploration and production firm, OQ, to expand oil facilities in the Asian country’s Badur field, a government official told Asharq. The turnkey project will cover engineering design, procurement, construction, and commissioning, with completion expected within 26 months. This marks Enppi’s first contract in Oman and reflects its strategy to grow its presence in the Gulf, building on a history of domestic and regional projects worth billions of dollars.

🚗 Six Egyptian companies plan to invest a total of EGP 600 million ($12.8 million) in automotive parts manufacturing by the end of 2026, aiming to expand local production and reduce import dependence, according to company executives speaking to Asharq Business. The move supports Egypt’s broader strategy to localize the auto industry, curb foreign currency outflows, and create jobs in the sector. The executives told the news outlet that the investments will add new production lines and increase output across filters, spare parts, and automotive accessories.

Egyptian Chemical Industries (KIMA) reported a massive 1,164% year-on-year surge in net profit for the first quarter of its 2025–2026 fiscal year, recording EGP 482.7 million compared to EGP 38.17 million in the same period last year. The company’s sales also rose to EGP 1.18 billion from EGP 958.89 million a year earlier. 

Kima’s share value has grown 49.15% since the start of 2025.

Driving the rise:

KIMA attributed the profit jump to higher annual sales, which added EGP 226 million, and increased foreign exchange gains of EGP 375 million. This came despite a rise in cost of revenues by EGP 110 million and higher marketing expenses of EGP 22 million.

Comes after a challenging year:

Back in September, the company reported a net profit of EGP 986.96 million for FY2024/2025, down from EGP 2.54 billion in the previous year. Revenues rose, however, to EGP 8.6 billion, compared with EGP 6.53 billion the year before.

The company has been making moves to boost production & profits:

Sameh Talaat, executive managing director of KIMA, said last month the company is steadily progressing on its “KIMA 3 – ANNA” project, which will add a new nitric acid production unit with a capacity of 600 tons per day. He also confirmed work is moving forward on an environmentally compliant ammonium nitrate unit with an 800-ton daily capacity.

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

Your daily market lens, signing off.