Today: A Capital is expanding into the food industry after it signed a franchise agreement with an Italian company + we have news of project launches by Madinat Masr and Arab Co. for Asset Management, & more.

🔔 EGX30 ended -2.0% by market close at 46,681 points, the EGX70 dropped 0.7% to 12,799 points, and the EGX100 fell 0.7% to reach 17,856 points.

💸 The number of transactions reached 164,120 spread across 2,378,844,227 stocks leading to a turnover of EGP 7.015 billion.

🏷️ International investors were the only net buyers.

📈 Top gainers for the market as a whole included Cairo Educational Services (+14.1%), Saudi Egyptian Investment & Finance (+8.4%), and Arab Real Estate Investment (+7.1%).

📉 Top losers for the market included Macro Group Pharmaceuticals (-6.7%), Ceramic & Porcelain (-6.5%), and Housing & Development Bank (-6.4%).

⬆️ Top gainers for EGX30 included Qalaa Holdings (+4.1%), Abu Qir Fertilizers (+3.6%), and Orascom Investment Holding (+2.8%).

⬇️ Top losers included CIB (-4.5%), EFG Holding (-2.9%), and Heliopolis Housing (-2.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,436 per gram, up 2% day-on-day and up 1.7% month-on-month.

💲 The USD reached EGP 54.64 at the National Bank of Egypt.

🧀 A Capital Holding’s (ACAP) subsidiary Porto International Investments Group signed a 20-year exclusive franchise agreement with Italian company La Burrateria. The partnership covers setting up a dedicated cheese factory and opening Italian restaurants under the La Burrateria brand. It also gives the company 20-year exclusive rights to grow and operate the brand in Egypt, UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, Jordan, and Greece, according to a company statement. It’s worth noting that the company has seen a rough start to the year, with its shares down 8% since the beginning of 2026. However, its share price is still up 135.7% compared to levels recorded a year ago.

🏙️ Madinat Masr (MASR) yesterday launched its Day 2 Night commercial complex in the Sarai project, featuring offices, retail units, restaurants, cafes, medical clinics, and fitness facilities across 21,720 sqm. MASR has seen a good start to 2026, with its share value rising 44% since the beginning of the year. This makes its share price up 33.6% compared to levels recorded 12 months ago.

🏗️ Arab Co. for Asset Management And Development (ACAMD) signed a partnership to develop 11,000 sqm of land it owns in Damanhour with Global Technology and Business One, allocating 70% of the built-up area to the developers and 30% to the company, pending shareholder approval. The company share price is unchanged compared to levels at the start of the year, but is up 80% over the past twelve months.

📉 Heibco for Commercial Investments & Real Estate Development (HBCO) saw net profit decline 8% to EGP 38.24 million in 2025, despite revenues surging to EGP 709.95 million, up from EGP 331.41 million a year earlier, according to its latest financial results. Heibco has seen a good start to 2026, with its share value rising 35% since the beginning of the year. This makes its share price up 88.6% over the past twelve months.

Market performance news:

🔔 The EGX ended the first quarter up 8.4% at around 45,300 points, despite a sharp 7.9% drop in March as geopolitical tensions from the Iran war hit sentiment and foreign inflows. Sector performance in March was broadly negative, with shipping and transport gaining 14.1%, while IT, media, and communications fell 10.0%, food and beverages dropped 8.3%, healthcare and pharma slid 7.4%, and construction declined 7.1%.

April 9th:

Arabian Cement - record date for EGP 5.34 per share. The distribution date is April 16.

Al Baraka Bank - record date for EGP 1.1 per share. The distribution date is April 16.

Egyptians for Housing and Development - record date for EGP 0.10 per share. The distribution date is April 16.

🛢️ Eni announced a new gas discovery at the Denise W1 well in the Temsah concession, with preliminary estimates pointing to around 2 trillion cubic feet of gas and 130 million barrels of condensates. While smaller than the Zohr gas field, the find is still material and could be fast-tracked into production given its proximity to existing infrastructure, with Eni holding a 50% stake alongside BP.

🚂 Egypt’s Transport Ministry is offering around 1,900 feddans in Sinai for new logistics zones along the Arish–Taba corridor, targeting industries such as petrochemicals, metals, and food processing, according to government officials speaking to EnterpriseAM. The move aims to capitalize on shifting trade routes amid regional shipping disruptions, with the zones set to support a broader overland corridor linking the GCC, Iraq, and Jordan to Mediterranean ports, while attracting both local and foreign investors.