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

Today: CIB backed Elsewedy’s expansion into Europe with a new loan, Crédit Agricole’s earnings slipped, Alexandria Containers set new profit targets; and the FRA issued the market's first futures trading licenses

🔔EGX30 ended +0.22% by market close at 49,739 points, the EGX70 dropped 0.14% to 12,770 points, and the EGX100 decreased 0.16%  to reach 17,661 points

💸 The number of transactions reached 163,625 spread across 2,254,840,704 stocks leading to a turnover of EGP 7.9 billion.

🏷️ Regional investors were the only net sellers.

📈Top gainers across the broader market Egypt for Poultry (+12.53%), Egyptians For Investment & Urban Development (+9.22%), Ibnsina Pharma (+8.14%)

📉 Top losers: Raya Holding (-5.3%), Alexandria National Company for Financial Investment (-4.19%), Prime Holding (-4.13%.)

⬆️ Top gainers for EGX30 included Ibnsina Pharma (+8.14%), Rameda (+4.8%), and Fawry (+2.2%).

⬇️Top losers included: Raya Holding (-5.3%), Beltone Holding (-3.7%), and TMG Holding (-2.4%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,647 per gram, down 1.50% day-on-day and up 11.80% month-on-month.

💲 The USD reached EGP 46.91 at the National Bank of Egypt.

💰CIB (COMI) provided a EUR 58 million loan to Elsewedy Electric (SWDY) to finance its work on a EUR 700 million power plant in Hungary. The company partnered with local firms to build the country’s first hydrogen-ready plant, which is scheduled for completion in 2028.

⬇️Crédit Agricole Egypt (CIEB) saw its net income slip 13.3% y-o-y to EGP 6.96 billion in 2025, down from EGP 8.03 billion the year before. Despite the drop in bottom-line earnings, the bank’s interest income rose to EGP 18.65 billion during the year, up from EGP 17.94 billion in 2024.

📝Alexandria Containers (ALCN) is targeting a net profit of EGP 9.56 billion for the 2026 fiscal year. The forecast comes after the company reported net income of EGP 6.63 billion for the fiscal year ending June 2025, up 5.5% y-o-y. 

✅The FRA has greenlit Arab African International Securities and Al Ahly Pharos as the first brokerages licensed to trade futures on the EGX. This paves the way for the exchange to debut its derivatives market in March, kicking off with contracts tied to the EGX30 index.

In IPO news:

🔔Gourmet Egypt (GOUR) shares will debut on the EGX next Tuesday at EGP 6.90, with price limits widened to double the standard band (±40%) for the opening session. To support the stock post-listing, a 30-day stabilization fund will be active until March 11, allowing retail investors to exit at the offering price if needed.

📝The government plans to allocate nearly EGP 250 billion in the FY 2026-2027 budget to fund financing initiatives for the industrial, export, and tourism sectors, a senior government official told EnterpriseAM. The package, which aims to support the state's USD 145 billion export target, is expected to include an industrial program exceeding EGP 100 billion alongside a potential new fund to streamline disbursements between the Central Bank and Finance Ministry

⚡Norway’s Scatec intends to pump USD 5 billion into future renewable energy projects in Egypt, separate from the USD 600 million already allocated to its Naga Hamadi hybrid plant, CEO Terje Pilskog told Asharq Business. With the Naga Hamadi facility set to wrap construction this summer, the company is already moving forward with a massive new solar and battery storage complex in Minya designed to generate 1.95 GW of power. This supports the government’s target of sourcing 42% of its electricity mix from renewable sources by 2030.

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

Your daily market lens, signing off.