Today: GB Corp completed a huge securitization issuance, Misr Beni Suef Cement reported massive profit growth, Egyptian Resorts is negotiating a stake sale, Omar Sadiq Radwan was appointed head of the EGX, and CapitalMed is preparing for an IPO.

🔔 EGX30 ended -0.03% by market close at 51,962 points, the EGX70 rose 0.6% to 13,717 points, and the EGX100 rose 0.8% to reach 19,212 points.

💸 The number of transactions reached 226,632 spread across 3,147,321,039 stocks leading to a turnover of EGP 11.958 billion.

🏷️ International investors were the only net buyers.

📈 Top gainers for the market as a whole included Suez Canal Company For Technology Settling (+20.0%), Delta For Printing & Packaging (+13.5%), and Rubex International for Plastic and Acrylic Manufacturing (+9.6%).

📉 Top losers for the market included South Valley Cement (-4.8%), El Ahram Co. For Printing And Packing (-4.4%), and Suez Canal Bank (-3.6%).

⬆️ Top gainers for EGX30 included Raya Holding (+9.1%), Heliopolis Housing (+6.8%), and Qalaa Holdings (+6.0%).

⬇️ Top losers included Orascom Development (-2.5%), GB Corp (-2.0%), and CIB (-2.0%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,936 per gram, down 0.8% day-on-day but up 2.8% month-on-month.

💲 The USD reached EGP 51.96 at the National Bank of Egypt.

💰 GB Corp (GBCO) completed an EGP 2.2 billion securitization issuance through its subsidiary Drive Finance, according to a statement. This marks the second tranche of an EGP 25 billion program. CIB and Arab African International Bank acted as lead arrangers, with participation from multiple banks and advisors, while the issuance received a credit rating from MERIS. The company’s share price ended yesterday down 2.0%, but is up 19.7% over the past 12 months.

📈 Misr Beni Suef Cement (MBSC) reported a 373.6% year-on-year surge in net profit to EGP 3.94 billion in 2025, according to its latest financial results. This was supported by revenues rising to EGP 5.7 billion from EGP 3.94 billion. The board proposed an EGP 20 per share cash dividend (paid in two equal installments in June and by end-2026), and approved canceling 2.45 million treasury shares to reduce capital. The company’s share value rose 5.5% by market close yesterday, bringing its gains over the past 12 months to 220%.

🏝️ Egyptian Resorts Company (EGTS), the master developer of Sahl Hasheesh, is in talks with a potential buyer over a stake sale, according to a source cited by Zawya. It’s worth noting that the company’s share value is up 65.6% since the start of the year, bringing its gains over the past 12 months to 76.7%.

🏛️ Omar Sadiq Radwan has been appointed chairman of the Egyptian Exchange for a one-year term, succeeding Islam Azzam, under a decree issued by Prime Minister Mostafa Madbouly. Radwan brings over 20 years of experience across firms including Beltone Holding, CI Capital, and EFG Hermes, with a background spanning wealth management, risk, and portfolio management.

In IPO news:

🏥 CapitalMed Healthcare is planning an IPO on the EGX using Article 7 of the Capital Market Law, which allows companies to list without meeting the standard profitability requirements, Asharq reported. The company will submit a feasibility study outlining its path to profitability within three years, and aims to complete the offering in the second quarter of the year, selling a 25% stake to raise around EGP 2 billion to fund expansion of its smart medical city.

April 26:

Cairo Poultry - record date for EGP 0.33 per share. The distribution date is April 29.

GB Corp - record date for EGP 0.20 per share. The distribution date is April 29.

Ibnsina Pharma - record date for EGP 0.13 per share. The distribution date is April 29.

April 27:

Misr Cement - distribution date for EGP 5 per share. The record date was April 22.

Samad Misr - record date for EGP 3.83 per share. The distribution date is April 30.

Telecom Egypt - record date for EGP 1.5 per share. The distribution date is April 30.

Egyptian International Pharmaceuticals - record date for EGP 1.5 per share. The distribution date is April 30.

Zahraa Maadi Investment and Development - record date for EGP 0.15 per share. The distribution date is April 30.

📝 Finance Minister Ahmed Kouchouk presented Egypt’s FY 2026/27 budget, targeting EGP 4 trillion in revenues (+29% y-o-y) and EGP 5.1 trillion in spending (+11%), with the deficit expected to narrow to 4.9% from 6.1%. The plan increases reserves and allocates higher spending for wages and subsidies, while aiming to reduce debt-to-GDP to 78% by June 2027 and cut external debt by USD 2 billion annually. Growth is projected at 5.2%, driven mainly by agriculture, industry, construction, and wholesale/retail trade, which together account for most of the expansion, alongside stronger private sector investment.

🏛️ The Central Bank of Egypt tightened margin trading rules by capping exposure to non-EGX100 stocks at 10% of portfolios, requiring margin financing in EGP for local securities, and obliging brokers to report borrowing data to iScore. The rules aim to limit leverage risk in the market and protect banks from volatility, with lenders given six months to comply.