🔔 Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.
Today: SIDPEC and Misr Chemical Industries posted profit declines, Memphis Pharmaceuticals recorded growth, and Beltone Venture Capital expanded its strategic footprint in Morocco. Plus, the latest on the EGX’s January performance below.
Market overview
EGX Pulse
🔔 EGX30 ended -0.26% by market close at 47,662 points, the EGX70 rose 1.86% to 12,375 points, and the EGX100 rose 1.61% to reach 17,098 points
💸 The number of transactions reached 142,603 spread across 1,796,254,346 stocks leading to a turnover of EGP 5.3 billion.
🏷️ Local investors were the only net buyers.
📈Top gainers across the broader market United Housing & Development (+19.98%), Memphis Pharmaceuticals (+14.11%), Arabia Investments Holding (+10.04%)
📉 Top losers: Gogreen for Agricultural Investment (-4.17%), Macro Group Pharmaceuticals (-3.62%), Naeem Real Estate Holding Group (-3.29%.)
⬆️ Top gainers for EGX30 included Edita (+5.0%), Qalaa Holdings (+4.8%), and Egypt Aluminum (+4.2%).
⬇️ Top losers included: GB Corp (-2.0%), CIB (-1.9%), and EFG Holding (-1.3%).
Other Important Stats:
🧈 24K Gold reached EGP 7,420 per gram, down 4.95% day-on-day but up 9.82% month-on-month.
💲 The USD reached EGP 47.1 at the National Bank of Egypt.
Daily roundup
Corporate Corner
⬇️Sidi Kerir Petrochemicals “SIDPEC” (SKPC) full-year 2025 net profits plummeted 55.38% year-on-year (YoY) to reach EGP 1.13 billion. Total revenues for the period edged up to EGP 14.41 billion from EGP 14.15 billion, indicating that higher sales were unable to offset rising costs or other fiscal pressures during the year. It’s worth noting that the company’s share value is down 6.33% in the past year.
💸Memphis Pharmaceuticals (MPCI) H1 profits rose 5% YoY to reach EGP 281.77 million, compared. Total revenues for the six-month period ending December 2025 also grew significantly to reach EGP 955.52 million, up from EGP 787.91 million in the corresponding period of the previous fiscal year. The company’s share value rose 14% yesterday on news of its results, bringing its total gains over the past year to 155%.
⬇️Misr Chemical Industries (MICH) H1 profits declined 10% YoY to reach EGP 282.95 million. Despite the dip in bottom-line earnings, the company’s revenues for the six-month period rose to EGP 556.77 million, compared to EGP 527.96 million in the same period of the previous fiscal year. It’s worth noting that the company’s share value is down 3.75% in the past year.
In non-earnings news:
📝Beltone Venture Capital, a subsidiary of Beltone Holding (BTFH), has acquired an undisclosed stake in the Moroccan proptech startup Yakeey as part of a USD 15 million Series A funding round. The investment, which included participation from the IFC and other regional backers, highlights Beltone's growing footprint in the Moroccan market following its recent backing of brands like LNKO and VelyVelo.
🔔A source close to the matter told Asharq Business that the logistics firm Bosta is planning an EGX debut by year-end, potentially offering a 20-30% stake at a valuation of EGP 8 billion. This IPO, which would be the exchange's first pure-play delivery listing, coincides with a USD 32 million funding round the company is working on finalizing. This strengthens the 2026 IPO outlook, joining the ongoing Gourmet Egypt offering, and anticipated debuts for the Administrative Capital,and at least ten other companies. Notable companies that are expected to IPO as early as this year include Banque du Caire and AlexBank, sources previously told EnterpriseAM.
Deeper Look
A historic month for EGX30
The EGX witnessed a period of sharp divergence in January 2026. While the primary index soared to record levels, smaller stocks and several specific companies faced significant downward pressure.
Main market performance indicators
The EGX 30 index delivered an exceptional performance, surging by 14.24% to close at 47,785.93 points. In contrast, the broader market indices struggled:
EGX 70 EWI: Fell by 7.43%.
EGX 100 EWI: Dropped by 3.43%.
Total market capitalization increased by 5.32% during the month, ending at EGP 3.158.5 billion. This growth was driven almost entirely by the large-cap stocks in the EGX 30, which saw their combined market value jump by 12.2%.
Top sectoral gainers and losers
Sector performance reflected heavy interest in financial and industrial heavyweights:
Top Performers: The Banks sector led all industries with a 17.4% gain. It was followed by IT, Media & Communication Services at 12.8% and Basic Resources at 7.8%.
Biggest Decliners: The Health Care & Pharmaceuticals sector experienced the sharpest drop, falling 6.2%. Shipping & Transportation Services also faced headwinds, declining by 5.5%.
Main stocks traded in terms of value traded (excluding deals)
Top gainers:
Prime Holding: Rose by 35.22%.
Abu Dhabi Islamic Bank-Egypt (ADIB): Climbed 31.10%.
Commercial International Bank (CIB): Increased by 30.10%.
Raya Holding: Gained 29.77%.
Macro Group Pharmaceuticals (Macro Capital): Gained 21.05%.
Top decliners:
Atlas For Investment and Food Industries: Plunged 44.41%.
Arab Pharmaceuticals: Plunged 29.12%.
Electro Cable Egypt: Dropped 28.62%.
International Co For Investment & Development: Fell 22.65%.
Sidi Kerir Petrochemicals: Decreased by 21.38%.
Investor activity:
Total trading value for the month recorded EGP 2.087 billion. However, liquidity remained heavily concentrated in fixed-income instruments:
Bonds and bills: Accounted for 93.66% of total value traded.
Listed stocks: Represented only 6.34% of the turnover.
Investor trends: Egyptians remained the dominant force, making up 85.7% of the stock trading value. Foreigners accounted for 9.1%, while Arabs captured 5.2%. Foreigners were net buyers with an inflow of EGP 3.604.5 billion, and Arabs were net sellers by EGP 505.9 million, after excluding deals in listed stocks.
That’s it for today.
Stay curious, stay invested — we’ll see you tomorrow.
Your daily market lens, signing off.
