Today: Egypt Aluminium is set for a USD 750–900 million smelter expansion that will significantly increase production capacity, while Canal Shipping Agencies has exposure to a planned EGP 5.5 billion port expansion through its stake in Port Said Container & Cargo Handling Company, both pointing to longer-term capacity-driven growth stories for listed Egyptian transport and industrial stocks.

🔔 EGX30 ended +2.0% by market close at 53,605 points, the EGX70 rose 0.7% to 14,500 points, and the EGX100 rose 1.0% to reach 20,206 points.

💸 The number of transactions reached 259,594 spread across 2,208,329,283 stocks leading to a turnover of EGP 13.807 billion.

🏷️ International investors were the only net buyers.

📈 Top gainers for the market as a whole included Cira Education (+10.6%), Orascom Development (+10.1%), and Ceramic & Porcelain (+9.0%).

📉 Top losers for the market included Subscription Rights Of South Valley Cement (-28.3%), North Cairo Mills (-6.6%), and South Valley Cement (-6.2%).

⬆️ Top gainers for EGX30 included Orascom Development (+10.1%), Orascom Construction (+6.2%), and E-finance (+5.7%).

⬇️ Top losers included Qalaa Holdings (-6.2%), AMOC (-4.0%), and Egypt Aluminum (-2.0%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,026 per gram, down 0.5% day-on-day and down 2.5% month-on-month.

💲 The USD reached EGP 52.67 at the National Bank of Egypt.

Egypt Aluminium is set for a major industrial expansion through a new primary aluminium smelter project in Nagaa Hammadi, with a total investment estimated between USD 750 million and USD 900 million, according to a structured partnership involving state-linked entities and global commodities trader Trafigura.

The project is being developed through a newly formed project company (NewCo) that will own and operate the facility, with advisory support from EFG Hermes, which has been appointed sole financial advisor to structure and arrange funding.

Major capacity expansion:

The plan includes building a new aluminium smelter with an annual capacity of 300,000 tons, alongside a 150,000-ton anode production facility.

For Egypt Aluminium, the project represents a significant expansion of its industrial base and could nearly double existing production capacity once operational.

Trafigura’s multi-role involvement:

Trafigura will participate in the project as a minority equity investor, while also providing financing, acting as a long-term offtake partner, and supplying alumina feedstock required for production, according to EFG Hermes.

Strategic export upside:

The expansion is expected to strengthen Egypt Aluminium’s export profile and deepen its integration into global aluminium supply chains, supported by Trafigura’s international trading and logistics network.

Financing structure:

EFG Hermes will oversee the financial structuring of the deal, which may include a mix of equity injections and debt financing, while supporting the process through to financial close and execution.

The project is positioned as a long-term industrial upgrade aimed at scaling Egypt Aluminium’s production capacity and strengthening its role in global metals markets.

Port Said Container & Cargo Handling Company—where Canal Shipping Agencies (CSAG) is a key shareholder alongside other state-backed entities—is preparing a major EGP 5.5 billion expansion of its West Port Said container terminal, according to government sources cited by Asharq. The development places CSAG, one of the Egyptian Exchange-listed maritime names, in direct exposure to a key port capacity upgrade.

Why this matters for investors:

For retail investors, the key angle is indirect exposure through ownership. CSAG’s stake links it to the operational performance of a larger, upgraded port asset, where higher capacity and efficiency can translate into stronger long-term activity levels.

Capacity expansion = higher throughput potential:

The project includes building a new 478-meter quay and integrating it with the existing 950-meter berth, alongside deepening the terminal to 18 meters from 15 meters. It also includes the addition of four modern cranes designed to handle larger vessels and improve turnaround efficiency.

Medium-term execution timeline:

The expansion is expected to take between 12 and 18 months to complete, meaning any operational benefits will phase in gradually rather than appear immediately in financial results.

Improving earnings backdrop and forward plan:

CSAG reported a 12% year-on-year increase in first-half net profit to EGP 1 billion.

The company has also approved its FY 2026–2027 budget, targeting net profit before tax of EGP 970 million, according to an Egyptian Exchange disclosure.

Regional expansion angle:

Beyond port exposure, CSAG is planning to establish a new joint-stock company to operate shipping services between Egypt and East African ports, in partnership with the Holding Company for Maritime and Land Transport and Trust for Trade and Transport. This adds a potential new revenue stream linked to regional trade flows.

Today:

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.

Tomorrow:

Alexandria Container and Cargo Handling Co - record date for EGP 0.991 per share. The distribution date is May 14.

Edita Food Industries - record date for EGP 0.863 per share. The distribution date is May 14.

Juhayna - record date for EGP 0.4 per share. The distribution date is May 14.

United Company for Housing and Development - record date for EGP 0.125 per share. The distribution date is May 14.

🌍 The World Bank Group approved a USD 1 billion financing package for Egypt tied to structural economic reforms, with USD 800 million coming directly from the World Bank and another USD 200 million provided as a credit guarantee by the UK government. The funding is linked to reforms targeting state ownership, debt market efficiency, competition policy, and healthcare inclusion, while additional support from the Asian Infrastructure Investment Bank is also expected. The move reinforces international backing for Egypt’s reform agenda despite regional economic pressures. 

 ⛽ Major international oil companies are preparing to invest a combined USD 19 billion in Egypt’s petroleum sector over the next three years, according to a government statement, in one of the strongest signs yet of renewed confidence in the country’s energy market. Eni is leading the wave with a planned USD 8 billion investment, followed by BP at USD 5 billion, Apache Corporation at USD 4 billion, and Archios with USD 2 billion. The commitments come after Egypt sharply reduced overdue payments owed to foreign energy firms from USD 6.1 billion to USD 714 million — a move that now appears to be translating into fresh exploration, drilling, and production activity. 

📈 Egypt’s economy expanded by 5% during the January–March quarter, outperforming official expectations despite regional tensions and elevated energy prices linked to the Iran conflict. Growth was supported by stronger performance from the Suez Canal Authority, tourism, construction, and non-oil industries. The Suez Canal recovery stood out in particular, with activity surging 23.6% for the third straight quarter as shipping traffic gradually stabilized and some routes shifted back toward the Red Sea.