Today: We have the latest financial results from Abu Qir Fertilizers, Credit Agricole Egypt, AMOC, Delta Sugar, and Arab Developers Holding. Let's jump in.

🔔 EGX30 ended -1.2% by market close at 51,760 points, the EGX70 rose 0.04% to 14,028 points, and the EGX100 fell 0.2% to reach 19,591 points.

💸 The number of transactions reached 225,562 spread across 2,429,990,136 stocks leading to a turnover of EGP 11.026 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included Subscription Rights Of Alexandria New Medical Center (+29.7%), General Company For Land Reclamation, Development & Reconstruction (+20.0%), and El Arabia for Land Reclamation (+20.0%).

📉 Top losers for the market included Northern Upper Egypt Development & Agricultural Production (-5.0%), Remco for Touristic Villages Construction (-4.9%), and Raya Holding (-4.2%).

⬆️ Top gainers for EGX30 included Valmore Holding -EGP (+3.7%), AMOC (+3.5%), and Palm Hills Developments (+1.8%).

⬇️ Top losers included Raya Holding (-4.2%), Fawry (-3.7%), and Emaar Misr (-2.6%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,962 per gram, up 0.5% day-on-day but down 4.8% month-on-month.

💲 The USD reached EGP 53.57 at the National Bank of Egypt.

Abu Qir Fertilizers and Chemical Industries (ABUK) more than doubled its profits in Q1 2026, with net income jumping 102.5% YoY to EGP 5.63 billion, as revenues rose to EGP 9.53 billion from EGP 6.64 billion in the same period last year, according to its latest financial results.

Earnings surge on strong operations:

The strong performance was driven by full-capacity operations supported by stable gas supply, production exceeding targets by 25%, stronger volumes and pricing, and a notable increase in exports alongside expansion into new markets.

Expansion into higher-value products:

The results come alongside a broader strategic push. In March, Abu Qir approved a new coated urea production line, targeting a segment gaining traction as global markets shift toward more efficient and environmentally compliant inputs. The project will add around 400 tons per day of capacity at an estimated cost of USD 5.6 million and is expected to be operational within 12 months. Beyond increasing output, coated urea offers higher nitrogen efficiency, positioning the company to capture pricing premiums, particularly in export markets with tightening environmental standards.

Stock reflects momentum:

The stock has reflected that momentum, rising 77.9% since the start of 2026, including a 1.3% gain on Thursday following the release of the results.

Green push gains traction:

This comes as a consortium including Abu Qir Fertilizers, Orascom Construction (ORAS), and United Energy Group recently signed an MoU to develop a green hydrogen hub in Alexandria, with plans to study up to 500 megawatts of renewable energy capacity to support low-carbon ammonia production.

Positioning for a lower-carbon future:

The move signals a broader shift toward reducing carbon exposure — a factor that could help mitigate future export-related costs while strengthening long-term competitiveness.

📉 Crédit Agricole Egypt (CIEB) Q1 2026 net profit slipped 4% year-on-year to EGP 1.785 billion, according to its latest financial results. Despite the decline, net interest income improved slightly to EGP 2.87 billion from EGP 2.8 billion a year earlier. However, the company has seen a good start to 2026 in terms of share value, with its share price rising 9% since the beginning of the year. This brings its gains over the past 12 months to 31.2%

📈 Alexandria Mineral Oils Co (AMOC) posted a strong Q1 2026 performance, with net profit jumping 37% year-on-year to EGP 635.11 million, its latest results showed. Revenues also rose to EGP 10.51 billion from EGP 10.06 billion, supported by improved operating margins. The company’s share value is up 24.1% since the start of 2026. This makes its share price up 11% compared to levels recorded 12 months ago.

📉 Delta Sugar (SUGR) saw a steep 80% drop in Q1 2026 net profit to EGP 80.85 million, according to its latest financial results. The decline was driven by weaker sugar prices and higher financing costs. Revenues also fell to EGP 2.03 billion from EGP 2.16 billion. The company’s share price is up 3.9% since the start of 2026. This makes its share price up 1.7% compared to levels recorded a year ago.

📊 Arab Developers Holding (ARAB) recorded a modest 3.6% increase in 2025 net profit to EGP 95.79 million, according to its latest financial results. However, revenues declined to EGP 1.59 billion from EGP 1.64 billion. The company’s share price is up 24.6% since the start of 2026. This makes its share price up 9% compared to levels recorded 12 months ago.

Today:

Saudi Egyptian Investment and Finance - distribution date for EGP 2 per share. The record date was April 28.

Misr Fertilizers Production Co - record date for EGP 1 per share. The distribution date is May 6.

Egypt Gas - record date for EGP 0.5 per share. The distribution date is May 6.

Tomorrow:

Delta for Printing and Packaging - record date for EGP 10 per share. The distribution date is May 7 (it’s worth noting that May 7 will be a public holiday in observance of Labor Day and the distribution date may change).

Tawasoa For Factoring - record date for EGP 0.07 per share. The distribution date is May 10.

⛽ Egypt has significantly reduced its outstanding dues to foreign oil and gas partners from USD 6.1 billion in June 2024 to about USD 714 million by April 2026, with full settlement expected soon. The government says this progress is improving investor confidence and supporting higher exploration activity. This comes alongside a new gas discovery in the Nile Delta producing around 50 million cubic feet per day, Al Arabiya reported over the weekend.

🔌 Global electronics brands including Honor, Realme, Vivo, and Oppo have postponed plans to manufacture tablets and laptops in Egypt until 2027, instead of launching this year, Asharq reported. The delay is driven by weak demand, rising production costs, currency pressures, and cheaper imported devices. Industry sources say these factors continue to make large-scale localization economically unattractive for now.