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

Today: Strong 2025 earnings reported for Al Baraka Bank, Al Tawfeek Leasing, and Ismailia Poultry, meanwhile Spinalex received a bid from a consortium to acquire at least 51% of its shares.

🔔 EGX30 ended -1.34% by market close at 49,700 points, the EGX70 dropped 0.61% to 12,855 points, and the EGX100 also decreased 0.61%  to reach 17,818 points

💸 The number of transactions reached 176,285 spread across 2,107,871,609 stocks leading to a turnover of EGP 7.6 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers across the broader market Grand Investment Capital (+11.3%), Cairo Poultry (+9.16%), MM Group For Industry And International Trade (+7.73%)

📉 Top losers: Egypt for Poultry (-9.60%), Misr Duty Free Shops (-4.41%), Creast Mark For Contracting And Real Estate Development (-4.34%.)

⬆️ Top gainers for EGX30 included Orascom Development (+4.2%), Kima (+2.4%), and Ibnsina Pharma (+2.3%).

⬇️ Top losers included: Edita (-3.9%), Misr Cement (-2.7%), and GB Corp (-2.6%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,712 per gram, up 0.22% day-on-day and up 11.37% month-on-month.

💲 The USD reached EGP 46.82 at the National Bank of Egypt.

💰 Al Baraka Bank Egypt (SAUD) saw its net profit surge 33.21% year-on-year in 2025 to EGP 4 billion, driven by strong operational revenues that grew by 27.1% to EGP 6.52 billion, according to its statement to the EGX yesterday. The bank's overall financial position strengthened significantly, with total assets growing by 10.5% to EGP 141.15 billion and customer deposits rising by 11.3% to EGP 118.6 billion. It’s worth noting that the bank’s share value has risen over 14% since the beginning of 2026, bringing its gains over the last year to 44%.

💸 Al Tawfeek Leasing (ATLC) reported a 25% year-on-year increase in its net profit in 2025, reaching EGP 270.6 million, according to its latest earnings release. The company's total revenues grew to EGP 1.93 billion from EGP 1.59 billion EGP in the previous year. Following the announcement of its results, the company proposed a cash dividend distribution totaling EGP 138.6 million, which equates to 0.35 EGP per share, for the 2025 financial year. The company’s share price is almost unchanged since the start of the year, but it has gained 52% over the past year.

🐔 Ismailia Misr Poultry (ISMA) reported a 21.5% year-on-year increase in its net profit in 2025, reaching EGP 45.64 million, according to its statement to the EGX. This profit growth was supported by stable rental revenues of EGP 56.5 million and additional gains of 6.4 million EGP generated from the sale of fixed assets. The firm’s share value is down 1.2% since the start of 2026, but is up over 43% over the past year.

In acquisition news:

👀 Alexandria Spinning and Weaving Company “Spinalex” (SPIN) received an offer to acquire at least  51% of its share capital from a consortium comprising New Construction Chemical and Ascom for Real Estate Investment, it said in a statement. The target share price will be calculated based on the average daily closing price over the past six months, pending Spinalex's approval to conduct self-funded financial and legal due diligence. The company’s share value has risen 41% in the past six months (45% of which accumulated since the start of 2026), bringing its gains over the past year to almost 78%.

💵 Suez Canal revenues jumped 22% to USD 449 million from Jan 1 to Feb 7, 2026, compared to USD 368 million in the same period last year, handling 1,315 ships (up from 1,243), the government said yesterday. This follows a return to annual growth in 2025, where total revenues reached USD 4.2 billion (up 4% from USD 4 billion in 2024). Suez Canal Authority head Osama Rabie expects revenues to grow to around USD 8 billion in 2026/2027 and USD 10 billion in 2027/2028, underlining the canal’s key role as a major source of foreign currency for Egypt.

💸 The EU will provide Egypt with a EUR 90 million EU grant for grid modernization, building on recent European backing of EUR 200 million for grid upgrades and EUR 35 million for green ammonia, the government said in a statement. These funds are critical because the current grid cannot handle volatile renewable energy, risking massive wasted capacity unless Egypt secures the staggering USD 45 billion needed for distribution infrastructure—a massive leap from the EGP 26.3 billion spent last year.

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

Your daily market lens, signing off.