Today: We have some important updates from Egytrans, which announced a multi-million expansion plan, and news that Alexandria Containers' government-linked shareholders have refused to sell their stake in the company to the UAE's Black Caspian. Let’s jump in.

🔔 EGX30 ended +0.1% by market close at 52,679 points, the EGX70 rose 1.4% to 15,759 points, and the EGX100 increased 1.1% to reach 21,591 points.

💸 The number of transactions reached 212,672 spread across 2,435,656,823 stocks leading to a turnover of EGP 9.603 billion.

🏷️International investors were the only net buyers. 

📈 Top gainers for the market as a whole included Housing & Development Bank (+10.0%), Naeem Real Estate Holding Group (+9.0), Lotus For Agricultural Investments And Development (+8.4%).

📉 Top losers for the market included Pioneers Properties For Urban Development (-9.6%), Egyptian Arabian (Themar) Comp. For Securities&Bonds Brok (-5.7%), and El Kahera El Watania Investment (-5.0%).

⬆️ Top gainers for EGX30 were Valmore Holding -EGP (+5.7%), Beltone Holding (+3.7%), and Orascom Development (+3.4%).

⬇️ Top losers for EGX30 included Emaar Misr (-2.3%), Palm Hills Developments (-2.0%), and Orascom Investment Holding (-1.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,894 per gram, up 0.5% day-on-day but down 12% month-on-month.

💲 The USD reached EGP 49.82 at the National Bank of Egypt.

Egyptian Transport and Commercial Services Co “Egytrans” (ETRS) is planning to channel EGP 310 million (USD 6.2 million) into two new logistics projects in the second half of this year, Managing Director Abeer Lahita told Asharq.

Splitting the investment:

The larger share of the investment, EGP 200 million, will be allocated to a truck marshalling yard in Port Said, developed in partnership with Nafez International. The facility is designed to organize and direct freight traffic before entry into port facilities, helping improve cargo flows and reduce congestion.

The remaining EGP 110 million will fund the development of a logistics warehouse in Ain Sokhna on Egypt's Red Sea coast.

Sizing up the projects:

The Port Said facility spans approximately 114,000 square meters within the Suez Canal Economic Zone and will utilize digital operating systems and automated gates to manage truck movements more efficiently.

Meanwhile, the Ain Sokhna warehouse will cover around 17,000 square meters and is expected to begin operations during the second half of 2026, providing storage and integrated logistics services.

KSA expansion underway:

Beyond Egypt, the company is expanding its regional footprint through Egytrans Arabia in Saudi Arabia while strengthening existing partnerships with Nafith International and Rawabet Investment in the kingdom.

Betting on growing transit trade:

Lahita said rising transit trade volumes could help Egypt establish more sustainable shipping routes if customs procedures continue to improve and maritime services become better integrated with inland logistics networks.

The investments also align with Egypt's broader efforts to strengthen its position as a regional logistics and trade hub. The government is targeting annual port capacity of around 400 million tonnes and container handling capacity of 40 million TEUs. According to Transport Ministry data, Egyptian ports handled approximately 8.9 million containers in 2024, including 4.9 million transit containers.

Market reaction:

Egytrans shares rose 5.4% in the latest trading session following the news, bringing its gains since the beginning of the year to 34.8%.The stock is up 93.4% over the past 12 months.

Egypt's Holding Company for Maritime and Land Transport has confirmed it has no plans to offload any of its shares in Alexandria Container and Cargo Handling (ALCN), according to an EGX filing — a move that comes on the heels of Abu Dhabi-owned AD Ports' bid to take majority control of the port operator.

A sweetened offer from the Gulf:

AD Ports, backed by Abu Dhabi wealth fund ADQ, made its play last week through subsidiary Black Caspian Logistics, launching a mandatory tender offer for up to 90% of the company at EGP 27.47 per share — a 19.5% jump from the EGP 22.99 per share it initially proposed back in December.

How AD Ports got here:

The bid builds on a position AD Ports has been quietly assembling for years. The Emirati group first entered Alexandria Container's shareholder base in 2022 through a 32% indirect stake acquired via Alpha Oryx, part of a broader USD 1.8 billion EGX entry that also launched the first MENA SPAC alongside Chimera. It deepened that position in November when it picked up the Public Investment Fund-owned Saudi Egyptian Investment Company's 19.3% stake, pushing its combined indirect ownership to a 51.33% majority.

The government's blocking stake stays put:

Despite AD Ports' growing footprint, Egypt's government retains a combined 42.9% blocking stake in the company through the Holding Company for Maritime and Land Transport and the Alexandria Port Authority, with the remainder of shares freely floating on the exchange. The holding company's decision to keep its shares off the table effectively keeps that blocking position intact, even as AD Ports pushes for a larger share of the rest of the company.

Market reaction:

ALCN shares have gained 16.2% since the beginning of 2026, despite dropping 0.4% in the latest trading session. The stock is up 30.5% over the past 12 months.

Dates to keep an eye out for

24 June:

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

National Housing for Professional Syndicates - record date for EGP 1.75 per share. The distribution date is June 29.

The United Bank - distribution date for EGP 0.75 per share. The record date was June 21.

EFG Holding - record date for EGP 0.278 per share. The distribution date is June 29.

Kafr El Zayat Pesticides - record date for 0.2 bonus shares per original share. The distribution date is 25 June.

Suez Canal Company for Technology Settling - record date for EGP 13 per share. The distribution date is June 29.

E-Finance - record date for EGP 0.119 per share. The distribution date is June 29.

Al Shams Housing and Urbanization - record date for EGP 0.050 per share. The distribution date is June 29.

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 is preparing to review natural gas prices for energy-intensive industries, with fertilizer producers expected to be among the main beneficiaries, Al Arabiya reports. Officials are assessing lower tariffs amid softer global gas prices, a stronger Egyptian pound, and weaker international fertilizer prices.A reduction could lower production costs, support exports, and improve the competitiveness of major industrial sectors including fertilizers, petrochemicals, steel, and cement.

🛢️ Saudi Arabia's ADES, UAE-based Dragon Oil, Egypt's Carryon Petroleum, and two other firms are competing for exploration and production rights in three mature oil fields in North Shadwan in the Gulf of Suez, Asharq reported. The winning bidder is expected to be selected during the third quarter of 2026. The tender forms part of Egypt's broader strategy to boost domestic oil output and attract billions of dollars in energy investment while revitalizing aging production areas.

☀️ The European Bank for Reconstruction and Development is evaluating a USD 170 million financing package for a 1 GW solar power plant with battery storage in Minya, while the European Investment Bank is studying support for additional wind and solar projects.  The proposed investments would help expand Egypt's renewable energy capacity, attract foreign capital, and advance efforts to position the country as a regional clean-energy hub.