Today: We have the latest details on the EGX's performance in April. We also have earnings updates from Abu Dhabi Islamic Bank, Nile Pharmaceuticals, Nozha International Hospital + news that a new player has temporarily listed its shares on the EGX ahead of an upcoming IPO.

🔔 EGX30 ended +1.1% by market close at 52,557 points, the EGX70 rose 0.1% to 14,399 points, and the EGX100 rose 0.2% to reach 20,008 points.

💸 The number of transactions reached 213,891 spread across 1,921,568,476 stocks leading to a turnover of EGP 10,100 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included South Cairo & Giza Mills & Bakeries (+20.0%), North Cairo Mills (+16.9%), and Alexandria Flour Mills (+11.0%).

📉 Top losers for the market included Delta For Printing & Packaging (-9.6%), Subscription Rights Of South Valley Cement -1 (-8.5%), and Tanmiya for Real Estate Investment (-3.9%).

⬆️ Top gainers for EGX30 included Heliopolis Housing (+3.8%), Egypt Aluminum (+3.3%), and Rameda (+2.7%).

⬇️ Top losers included Abu Qir Fertilizers (-2.5%), Edita (-1.2%), and ADIB (-1.1%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,066 per gram, up 2.0% day-on-day but down 0.2% month-on-month.

💲 The USD reached EGP 53.67 at the National Bank of Egypt.

April marked a decisive turnaround for the Egyptian Exchange, with the entire market shaking off the impact of March’s geopolitical tensions. The benchmark index climbed 14.2% during the month, closing near the 51,800-point level, clearly supported by intensive local buying in the education, tourism, and real estate sectors, according to the exchange's monthly report.

Liquidity tilts toward fixed income:

Despite the strong price action, trading composition tells a more cautious story. Equities represented just 8.4% of total turnover in the main market, while fixed-income instruments—primarily bonds and treasury bills—continued to dominate activity, accounting for almost 92%.

Institutions drive the rally:

Under the surface, the recovery was largely institution-led. Egyptian institutions emerged as the main buyers, injecting EGP 3.3 billion into the market and anchoring the rally.

Regional institutions, however, moved in the opposite direction, recording net sales of approximately EGP 905.4 million. Foreign institutional participation remained relatively subdued, with net inflows of just under EGP 100 million.

Retail investors were defensive:

At the individual level, sentiment leaned cautious across the board. Retail investors reduced exposure in all segments, with Egyptian individuals recording net sales of approximately EGP 1.1 billion, while Arabs reduced their positions by EGP 1.06 billion, and foreigners recorded net sales of about EGP 318 million.

Sector winners and laggards:

Performance across sectors was uneven but clearly tilted toward growth plays. Education stocks led the rally by a wide margin, surging 51.7%.

Tourism-related names followed, gaining 32.3% amid strong sector fundamentals, with Egypt welcoming 5.6 million visitors during the first quarter of 2026. Real estate stocks also posted solid gains of 21%.

Meanwhile, more defensive sectors lagged behind. Banking, energy, and textiles recorded only modest single-digit increases, while transport and shipping was the only one to end the month on a slight decline of 0.1%.

Broad-based gains across indices:

The rally extended across the broader market. The EGX 33 Shariah Index led gains, rising 16.02% to close at 5,540.01 points.

The EGX70 EWI index climbed 11.92% to 14,028.98 points, while the EGX100 EWI index advanced 12.42%, ending the month at 19,591.72 points.

🏦 Abu Dhabi Islamic Bank - Egypt (ADIB) posted a solid start to 2026, with net profit rising 20.46% YoY to EGP 3.65 billion in Q1, according to its latest financial results.  Revenues from murabaha, participations, and similar income climbed to EGP 13.94 billion, compared to EGP 11.69 billion in the same period last year. It’s worth noting that the company’s share price is up 53.3% since the start of the year, bringing its gains over the past 12 months to 169.3%.

💊 Nile Pharmaceuticals (NIPH) delivered a strong 9-month performance, with net profit surging 92% YoY to EGP 239.06 million during the period from July 2025 to the end of March 2026, according to a statement. Revenues nearly doubled to EGP 1.91 billion, up from EGP 968.23 million in the prior-year period. The company’s share value is up 49.1% since the start of 2026, making it up 364% compared to levels recorded a year ago.

🏥 Nozha International Hospital (NINH) reported a steady Q1 2026, with net profit rising 19.29% YoY to EGP 47 million, according to its latest financial results. Revenues also increased to EGP 135.45 million, up from EGP 124.07 million in the same quarter last year. The company’s share price is up 131.8% since the start of the year, making it up 200% compared to levels recorded 12 months ago.

In IPO news:

🔔 Egypt Education Platform (EEP), backed by the private equity unit of EFG Hermes, yesterday submitted a request to list its shares on the Egyptian Exchange’s main market. EEP is part of MindSpire Education, EFG’s K-12 education platform. EEP’s issued capital to be listed amounts to EGP 1.99 billion, divided into 199.38 million shares. MindSpire manages a portfolio spanning partnerships with GEMS Education and the Trillium & Petals preschool network, alongside brands such as Selah El Telmeez and Option Travel, serving around 20,000 students across more than 30 schools offering five curricula.

Today:

Misr Fertilizers Production Co - distribution date for EGP 1 per share. The record date was May 3.

Egypt Gas - distribution date for EGP 0.5 per share. The record date was May 3.

May 10:

Delta for Printing and Packaging - distribution date for EGP 10 per share. The record date was May 4.

Tawasoa For Factoring - distribution date for EGP 0.07 per share. The record date was May 4.

Pyramisa Hotels and Resorts - record date for EGP 4 per share. The distribution date is May 13.

📉 Egypt’s non-oil private sector extended its downturn in April, with the S&P Global PMI falling to 46.6, marking the steepest contraction in over three years as demand softened and costs surged . The PMI scale uses 50.0 as the neutral threshold — readings below 50 indicate contraction, while above 50 signal expansion in private sector activity. April saw broad-based weakness across output, new orders, employment, and purchasing, alongside sharper inflationary pressures driven by ongoing regional disruptions.

💰 Egypt is aiming to attract around USD 44 billion in private and foreign investment in FY 2026-2027, according to three government sources speaking to EnterpriseAM.  Officials are banking on public-private partnerships, privatization, and new investment openings, with energy, real estate, and heavy industry expected to capture most of the inflows, alongside a renewed push in renewables and infrastructure.

✈️ Egypt is advancing plans to involve private operators in managing and running 20 airports, as part of a broader push to modernize aviation infrastructure, according to the transport ministry. The strategy aims to bring in global expertise, improve service quality, and expand capacity while the state retains full ownership of assets, with the International Finance Corporation acting as strategic advisor on the rollout.

🚢 Suez Canal revenues rose 24% year-on-year to about USD 1.12 billion in Q1 of the current year, reflecting a gradual recovery in global shipping flows. The uptrend was consistent throughout the quarter, with monthly revenues increasing from USD 368 million in January, to USD 363 million in February, and peaking at USD 389 million in March. Suez Canal Authority head Osama Rabie previously said he expects revenues to grow to around USD 8 billion in 2026/2027 and USD 10 billion in 2027/2028, underlining the canal’s key role as a major source of foreign currency for Egypt.