Today: CIRA Education posted strong earnings growth while Cairo Educational Services saw profits decline. Also, South Valley Cement pushed back its capital increase timeline due to the May 7 Labor Day holiday, while the EGX approved the listing of six new companies, signaling a growing IPO pipeline.

🔔 EGX30 ended +0.8% by market close at 52,375 points, the EGX70 rose 0.7% to 13,819 points, and the EGX100 rose 0.7% to reach 19,351 points.

💸 The number of transactions reached 234,558 spread across 3,003,064,551 stocks leading to a turnover of EGP 12.881 billion.

🏷️ Regional investors were the only net sellers.

📈 Top gainers for the market as a whole included Ceramic & Porcelain (+13.8%), Qalaa Holdings (+8.7%), and Egyptian Arabian “Themar” Comp. For Securities & Bonds (+8.3%).

📉 Top losers for the market included Suez Canal Company For Technology Settling (-7.9%), Delta For Printing & Packaging (-4.0%), and Misr Cement (-3.7%).

⬆️ Top gainers for EGX30 included Qalaa Holdings (+8.7%), Emaar Misr (+4.4%), and Orascom Construction (+4.4%).

⬇️ Top losers included Misr Cement (-3.7%), Heliopolis Housing (-2.9%), and Orascom Development (-2.7%)

Other Important Stats: 

🧈 24K Gold reached EGP 8,002 per gram, up 0.8% day-on-day and up 3.0% month-on-month.

💲 The USD reached EGP 52.57 at the National Bank of Egypt.

 📈 CIRA Education (CIRA) posted a 69% year-on-year jump in net profit to EGP 688.68 million for the six months ending February 2026, according to its latest financial results. The strong performance was backed by revenues rising to EGP 2.96 billion from EGP 2.17 billion in the same period a year earlier. It’s worth noting that the company’s share value is up 10.9% since the start of 2026, bringing its gains over the past 12 months to 30.9%.

📉 Cairo Educational Services (CAED) reported a 31.5% decline in net profit to EGP 15.63 million for the six-month period ending February 2026, according its latest financial results. This came despite revenues increasing to EGP 94.71 million from EGP 80.15 million. The firm’s share price is down 8.5% since the beginning of 2026, but is up 97.6% over the past 12 months.

🏗️ South Valley Cement (SVCE) has revised the timeline for its capital increase due to the Labor Day public holiday on May 7, pushing the rights trading deadline to May 10 (from May 7) and the subscription close to May 13 (from May 12). The company is looking to double its capital to EGP 4.82 billion through a EGP 2.41 billion increase, with proceeds aimed at boosting production capacity to 2 million tons annually and restructuring outstanding debt. The company’s share value is down 8.4% since the start of 2026, bringing its gains over the past 12 months to 82.3%.

The EGX on Thursday approved the temporary listing of six new companies with a combined issued capital of approximately EGP 1.24 billion, signaling continued momentum in Egypt’s IPO pipeline and efforts to expand the market.

The listings include El Nasr Housing and Development (with an issued capital of EGP 350 million), The Egyptian Contracting Company “El Abd” (EGP 369.4 million), Spring Manufacturing and Transport Equipment Company “Yayat” (EGP 125 million), Sinai Manganese Company (EGP 300 million), alongside SME listings for National Assets Management and Investment Company (EGP 55 million) and National Investment and Development “NIRCO” (EGP 45 million).

All companies must complete regulatory procedures with the Financial Regulatory Authority and finalize their offerings within six months, or risk cancellation, while major shareholders will be subject to a two-year lock-up period. 

A lot more to come:

Separately, a senior government official told EnterpriseAM that a wider pipeline of up to 10 state-owned oil and oil-related companies is being prepared for potential listings, including GPC, ENPPI, Petrojet, Petromaint, and the Egyptian Drilling Company. Authorities are currently reviewing each case individually to resolve legal and structural hurdles, including updating outdated corporate statutes and securing necessary approvals ahead of any offerings.

The move comes as part of a broader government plan to list up to 30 state-owned companies by June, with several firms already granted temporary listings as part of the ongoing IPO acceleration program.

Today:

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.