🔔 Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.

Today: The government is planning new tax incentives for companies to boost EGX liquidity, GB Corp completed a record EGP 4.16 billion leasing securitization, Gourmet Foods moves closer toward an IPO, and trading in Premium Healthcare remains suspended

🔔 EGX30 ended +2.48% by market close at a record high of 42,895 points, the EGX70 rose 0.28% to 12978 points, and the EGX100 rose 0.90%  to reach 17373 points.

💸 The number of transactions reached 136,708 spread across 1,726,698,854 stocks leading to a turnover of EGP 5.8 billion.

🏷️ Local investors were the only net sellers.

📈Top gainers across the broader market Suez Canal Bank (+9.51%), Credit Agricole Egypt (+8.81%), and Abu Dhabi Islamic Bank- Egypt (+8.50%).

📉 Top losers: Extracted Oils (-4.50%), Egyptian Gulf Marseilia For Real Estate Investment (-4.35%), Iron And Steel for Mines and Quarries (-3.99%.)

⬆️ Top gainers for EGX30 included Credit Agricole (+8.8%), ADIB (+8.5%), and Palm Hills Developments (+7.2%).

⬇️ Top losers included: Eastern Company (-1.8%), Valmore Holding- USD (-0.7%), and GB Corp (-0.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,075  per gram, up 2.18% day-on-day and up 8.12% month-on-month.

💲 The USD reached EGP 47.15 at the National Bank of Egypt.

🔔The government is considering tax incentives to boost liquidity on the EGX, offering companies an initial three-year exemption that could be extended if they maintain high trading volumes, increase their free float, and reinvest in the business, a senior government official told EnterpriseAM. The plan also covers alternative assets like gold and silver certificates and carbon credits under the same framework. Officials are additionally exploring legal changes to turn the EGX itself into a joint-stock company

💰GB Corp (GBCO) announced that its leasing and factoring subsidiary has completed a securitization issuance worth EGP 4.16 billion. The company described the deal as the largest in Egypt’s financial leasing sector in 2025, with Commercial International Bank, CI Capital, and Arab African International Bank serving as arrangers and financial advisors. The issuance is expected to boost the subsidiary’s liquidity and support further growth in its leasing and factoring activities.

📝The EGX has received an official application to list Gourmet Foods, with the supermarket operator planning to list EGP 100 million of issued capital, equivalent to 400 million shares, on the main board. The move marks the opening step toward an IPO that is expected to be structured as a secondary sale rather than a capital increase. As part of the process, listing documents are being finalized while B Investments’ (BINV)  board prepares to review its options regarding its majority stake (53%).

🛑The EGX continues to halt trading in Premium Healthcare Group (PHGC) while awaiting the company’s response to questions raised by the exchange. The suspension follows PHGC’s failure to submit its standalone and consolidated financial statements for the quarter ended 30 September within the allowed timeframe, despite a subsequent fine imposed in late December. Trading will only resume once the required disclosures are provided

☀️The government has approved two major clean energy projects worth around USD 1.8 billion, led by Norway’s Scatec, including a solar plant paired with battery storage. The project, named “Energy Valley, in Minya will provide roughly 6 TWh of renewable energy annually, supported by new substations, transmission lines, and a locally built battery factory by China’s Sungrow to supply the solar facility. The projects are set to become Africa’s largest solar-plus-storage installation and the region’s first 24/7 renewable energy system. This is in line with government plans on sourcing 42% of its electricity mix from renewable sources by 2030.

🛢️ Egypt has renewed its agreements with Shell and TotalEnergies to import 60 new LNG cargoes in 2026, valued at around USD 2.7 billion based on current global prices, a government official told Asharq. The shipments, starting in January, will deliver roughly 500 million cubic feet of gas per day for about a week each, with a one-year payment grace period tied to market prices. The imports aim to cover the gap between local gas production and consumption, as Egypt plans to continue LNG purchases alongside ongoing re-gasification operations through 2030.

Stay curious, stay invested — we’ll see you tomorrow.

Your daily market lens, signing off.