Today: EGX extended its gains in May on broad sector strength, CI Capital posted a 9.4% rise in first-quarter net profit, and Orascom Investment unveiled plans for a Kenya-focused trade platform. We also have updates from Marseilia Almasreia Alkhalegeya, Al Shams Housing, and EFG. Let’s dive in.

🔔 EGX30 ended +0.2% by market close on Thursday at 52,652 points, the EGX70 rose 1.6% to 15,450 points, and the EGX100 rose 1.1% to reach 21,357 points.

💸 The number of transactions reached 215,250 spread across 4,268,023,476 stocks leading to a turnover of EGP 10.751 billion.

🏷️ Local investors were the only net buyers. 

📈 Top gainers for the market as a whole included Subscription Rights Of Aspire Capital (+60.0%), Aspire Capital (+15.8%), Nasr Company for Civil Works (+15.3%).

📉 Top losers for the market included Egyptian Resorts Company (-5.5%), A Capital Holding (-4.1%), and Creast Mark For Contracting And Real Estate Development (-3.9%).

⬆️ Top gainers for EGX30 included Emaar Misr (+4.7%), Ibnsina Pharma (+3.0%), and Juhayna (+2.8%).

⬇️ Top losers for EGX30 included Kima (-3.8%), Orascom Investment Holding (-3.4%), and Fawry (-3.3%).

Other Important Stats: 

🧈 24K Gold reached EGP  7,623 per gram, up 1.2% day-on-day but down 4.2% month-on-month.

💲 The USD reached EGP 51.77 at the National Bank of Egypt.

May saw the Egyptian Exchange extend its gains, with the benchmark EGX30 index rising 1.73% during the month to close at 52,658.75 points, according to the exchange's latest monthly report.

The market's total capitalization increased by EGP 91.1 billion, or 2.5%, reaching EGP 3.76 trillion by the end of the month.

Liquidity remained concentrated in fixed-income instruments:

Despite the gains in share prices, equities accounted for just 11.03% of total turnover on the main market during May. Bonds and treasury bills continued to dominate trading activity, representing 88.97% of total turnover.

Local institutions were the largest net buyers:

Egyptian institutions recorded net purchases of EGP 2.97 billion during the month. In contrast, Arab institutions were net sellers of EGP 2.69 billion, while foreign institutions posted net sales of EGP 2.77 billion.

Mixed activity among retail investors:

Egyptian individual investors registered net purchases of EGP 2.61 billion. Arab individuals were net sellers of EGP 147.9 million, while foreign individuals recorded net purchases of EGP 25.1 million.

Travel and real estate sectors lead gains:

Travel & Leisure stocks delivered the strongest sector performance in May, rising 20.6%. Trade & Distributors followed with gains of 9.3%, while Real Estate advanced 9.1%.

At the other end of the spectrum, Basic Resources was the weakest-performing sector, declining 5.0% during the month. Banks, energy, and shipping posted comparatively modest gains.

Broader market indices outperformed:

The EGX33 Shariah Index rose 6.27% to close at 5,887 points.

Meanwhile, the EGX70 EWI index gained 4.44% to 14,652 points, while the EGX100 EWI index advanced 4.52% to end the month at 20,477 points.

CI Capital (CICH)  kicked  off 2026 with stronger earnings, posting a 9.4% year-on-year increase in first-quarter net profit to EGP 377.7 million, according to its latest financial results. 

The financial services group also reported revenue of EGP 2.75 billion during the quarter, up from EGP 2.44 billion in the same period last year.

New industrial fund in the works:

The earnings growth comes as CI Capital expands its investment platform. The company is partnering with Egypt's Sovereign Fund to launch a new industrial investment fund focused on high-growth manufacturing companies, particularly export-oriented businesses, according to Asharq.

The vehicle will be one of two industrial funds being established alongside Cairo Capital, with combined targeted investments of EGP 5 billion. Egypt's Sovereign Fund is expected to take a 10%–20% stake in each fund.

Broader investment expansion plans:

The new fund aligns with broader growth ambitions unveiled earlier this year. In April, CI Capital's private equity arm said it was targeting EGP 25 billion in new investments during 2026 and 2027 as it seeks to expand through specialized funds across sectors including industry, renewable energy, real estate, and tourism.

CEO Karim Badr told the press that the strategy includes launching major investment vehicles, including an EGP 6 billion renewables fund, while increasing exposure to green infrastructure and property investments.

Recent stock performance:

CI Capital shares are up 36.4% since the start of 2026 and 117.7% over the past 12 months.

Orascom Investment Holding is preparing to launch a trade and logistics platform connecting Egyptian suppliers with buyers in Kenya, targeting transactions worth between USD 30 million and USD 60 million in its initial phase, according to comments by Managing Director Haitham Salama to Asharq.

The platform, branded Otrovato, is scheduled to begin operations early next year and will focus on supporting small and medium-sized enterprises. Through its subsidiary Otrovato, Orascom Investment aims to capture 5%–10% of current trade flows between Egypt and Kenya by facilitating business-to-business transactions across sectors including food products, building materials, furniture, fertilizers, and plastics.

Building an East Africa gateway:

Salama told Asharq that Otrovato combines digital tools with an on-the-ground sales presence in Kenya to help Egyptian exporters access African markets. The platform is designed to support companies throughout the export process, offering services ranging from financing and logistics to supply chain management.

The company has already signed agreements with around 200 factories, including businesses entering the Kenyan market for the first time, and is targeting 500 manufacturers and companies within its first two years of operation.

Kenya was selected as the platform's launch market due to its role as a regional trade and logistics hub, with Orascom Investment planning to use the country as a springboard into neighboring East African markets such as Uganda and Rwanda.

Broader expansion plans:

The initiative is part of Orascom Investment's broader push into new business opportunities. In December, the company’s management said it would be interested in bidding for the management of Hurghada International Airport if the government opens the facility to private-sector operators, while also expressing interest in Luxor and Sohag airports.

💸 Marseilia Almasreia Alkhalegeya Real Estate Investment (MAAL) reported a 400% year-on-year jump in net profit during the first quarter of 2026, reaching EGP 54.21 million. Revenue surged to EGP 550.17 million during the period, up from EGP 150.28 million a year earlier. It’s worth noting that the company’s share value is up 34.8% since the beginning of 2026, and is up 88.5% compared to levels recorded a year ago.

📈 Al Shams Housing and Urbanization (ELSH) reported a 6.8% year-on-year increase in net profit in the first quarter of 2026, reaching EGP 48.96 million, according to its latest financial results. Revenue rose to EGP 59.45 million during the period, compared with EGP 38.86 million a year earlier. The firm’s share price is up 43.5% since the beginning of 2026, and is up 44.7% compared to levels recorded 12 months ago.

In non-earnings news:

📊 EFG Hermes, part of EFG Holding (HRHO), arranged the largest debt market deal in Egypt’s history, completing an EGP 5.1 billion bond issuance for EFG Finance. The 13-month notes, rated “A-,” will be used to support expansion in leasing and factoring activities and strengthen the company’s financing portfolio. The transaction highlights growing institutional demand for structured credit products.

24 June:

Abu Qir Fertilizers - distribution date for EGP 1.30  per share. The record date was April 19th.

28 June:
Eastern Company - distribution date for EGP 0.45 per share. The record date was May 20th.

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

⚡ Egypt approved four new oil and gas concession agreements with a minimum investment of about USD 52.97 million and plans to drill at least six wells across key regions including the Mediterranean, Nile Delta, and Sinai. The move signals continued upstream expansion aimed at strengthening domestic energy supply and supporting long-term production capacity.

🚢 Suez Canal revenues rose 25% year-on-year in April to USD 413.5 million, marking the strongest monthly intake since early 2024. The increase was driven by higher global reliance on the canal amid shifting trade routes, with cumulative revenue for the first four months of the year up 24.5% to USD 1.53 billion. 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.

🔋 Egypt is moving ahead with a major battery energy storage push, signing agreements to build two standalone storage stations in Zafarana and Benban with a combined capacity of 1,500 megawatt-hours, alongside EPC contracts tied to additional utility-scale projects, according to a cabinet statement. The plan also includes a manufacturing facility to produce energy storage systems with an annual capacity of 3,000 megawatt-hours, in partnership with global players including Amea Power, China Energy, and Gotion. The projects are part of Egypt’s broader strategy to stabilize the power grid and scale up renewable energy integration, with a national target of expanding storage capacity to 14,320 megawatt-hours by 2028.