Today: Elsewedy announced more than USD 200 million of new industrial investments, while Egypt’s IPO pipeline continues to gain traction with MNT-Halan exploring an IPO for its Egyptian Business, Enppi filing for a temporary EGX listing, and Green Lotus preparing for a future market debut.

🔔 EGX30 ended -0.1% by market close at 51,710 points, the EGX70 fell 0.2% to 15,566 points, and the EGX100 decreased 0.03% to reach 21,317 points.

💸 The number of transactions reached 159,782 spread across 1,729,751,624 stocks leading to a turnover of EGP 7.663 billion.

🏷️International investors were the only net sellers. 

📈 Top gainers for the market as a whole included Golden Textiles & Clothes Wool (+20.0%), Iron And Steel for Mines and Quarries (+9.5%), Egyptian Arabian (Themar) Comp. For Securities&Bonds Brok (+8.0%).

📉 Top losers for the market included Tycoon Holding (-20.0%), Ceramic & Porcelain (-8.1%), and Prime Holding (-4.1%).

⬆️ Top gainers for EGX30 were Raya Holding (+4.2%), Heliopolis Housing (+2.5%), and Kima (+2.1%).

⬇️ Top losers for EGX30 included Egypt Aluminum (-1.6%), CIB (-1.1%), and Palm Hills Developments (-1.0%)

Other Important Stats: 

🧈 24K Gold reached EGP 6,451 per gram, down 3.6% day-on-day and down 17.9% month-on-month.

💲 The USD reached EGP 49.57 at the National Bank of Egypt.

Elsewedy Electric (SWDY) has unveiled three new industrial projects in Egypt with combined investments exceeding USD 200 million, with operations scheduled to begin in the first quarter of 2028. The move forms part of the company's strategy to expand local manufacturing, boost exports, and strengthen Egypt's position as a regional industrial hub.

Three projects, one industrial ecosystem:

The new investments include a copper scrap and e-waste recycling complex, a copper pipe manufacturing plant, and a new aluminum rod production line dedicated entirely to export markets.

Elsewedy has earmarked USD 80 million for the recycling facility, which will process up to 20,000 tons annually of copper scrap and electronic waste to produce high-purity copper cathodes and precious metals. The output will serve as a key raw material for the company's planned copper pipe factory, creating an integrated local supply chain.

The copper pipe plant will receive USD 65 million in investment and will have annual capacity of 15,000 tons, targeting the air-conditioning, refrigeration, and home-appliance sectors while creating more than 100 direct jobs.

Meanwhile, the company will invest USD 55 million in a new aluminum rod production line capable of producing 50,000 tons annually, with all output destined for export markets.

Together, the three projects are expected to create more than 300 direct jobs and around 1,000 indirect jobs.

Strong operating momentum:

The expansion comes as Elsewedy continues to report solid financial performance. The company posted Q1 2026 net profit of EGP 4.8 billion, up 16.9% YoY, while revenues climbed 26.8% to EGP 75.3 billion, supported by broad-based growth across its businesses, foreign-exchange gains, and stronger pricing.

Recent stock performance:

The company has gained 11.3% since the start of the year, bringing its gains over the past 12 months to 16.3%.

👀 MNT-Halan is exploring a potential EGX listing of its Egyptian business as early as this year at a valuation of up to USD 1 billion, with Citigroup and EFG Hermes tapped to manage the deal, Bloomberg reported, citing unnamed sources. The fintech unicorn, valued at USD 1.4 billion globally after a recent funding round, has disbursed over USD 15.5 billion to unbanked and underbanked customers and would join an EGX that's been receptive to fintech debuts, including Valu's blockbuster 852% first-day surge last year.

🔔 Enppi, the engineering arm of Egypt's state petroleum sector, has filed for a temporary EGX listing to register issued capital of roughly USD 357.08 million, split across 2.857 billion shares at a nominal value of USD 0.125 each, reviving an IPO effort that first surfaced nearly a decade ago and repeatedly stalled. The renewed push comes as the government races to bring 10 petroleum companies to market by end-June under IMF-linked reform commitments, with Enppi recently expanding regionally through a USD 355 million contract win in Oman.

📝 Egypt's Healthcare Authority plans to list a stake in Green Lotus, its newly created investment arm, on the EGX once incorporation wraps up before the end of 2026, a government source told Al Mal. The vehicle will manage healthcare services, court private-sector capital, and potentially launch specialized healthcare investment funds, though the size of the stake and IPO timeline remain undisclosed.

Dates to keep an eye out for

Today:

Kafr El Zayat Pesticides - distribution date for 0.2 bonus shares per original share. The record date was June 24.

28 June:

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

29 June:

Suez Canal Company for Technology Settling - distribution date for EGP 13 per share. The record date was June 24.

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

National Housing for Professional Syndicates - distribution date for EGP 1.75 per share. The record date was June 24.

EFG Holding - distribution date for EGP 0.278 per share. The record date was June 24.

E-Finance - distribution date for EGP 0.119 per share. The record date was June 24.

Al Shams Housing and Urbanization - distribution date for EGP 0.050 per share. The record date was June 24.

🛢️ Egypt is weighing a plan to hedge 65% of its fuel imports — crude, petroleum products, and LNG — for FY 2026/27, a sharp reversal from January's plan to scrap hedging altogether, Al Arabiya reports. The move matters because it would lock in fuel costs in advance, shielding the state budget from sudden price spikes and giving officials a clearer read on the country's foreign-currency needs — a meaningful buffer given that Egypt's fuel import bill already jumped 14% year-on-year to USD 5.5 billion in the first quarter of 2026, even as the government slashed budgeted petroleum subsidies by 79% to EGP 15.8 billion for the coming fiscal year.

🔋 Egypt plans to invest USD 3 billion to add 5,000 MWh of solar battery storage capacity to its national grid by 2027, a move that would push total storage capacity up 408% to roughly 6,200 MWh, a government source told Asharq. The push comes as falling battery costs make grid-scale storage increasingly viable, and as Egypt works to offset an electricity-sector deficit nearing EGP 500 billion annually while targeting 42% renewable energy in its power mix by 2030.

𖣘 Chinese renewables manufacturer Sany Group has signed an MoU to build Egypt's first wind turbine factory, with 2 GW of annual production capacity, alongside a wind farm in the Gulf of Suez expected to connect to the national grid within 23 months, according to a government statement. The factory, reportedly worth over USD 300 million and likely sited in the Suez Canal Economic Zone, marks Egypt's latest step toward localizing renewable energy manufacturing and reducing reliance on imported components.