Today: We have the latest financial results from Egytrans, OB Financial Holding, and other big EGX players. Let's dive in.

🔔 EGX30 ended +0.1% by market close yesterday at 52,927 points, the EGX70 rose 1.0% to 15,101 points, and the EGX100 rose 0.7% to reach 21,050 points.

💸 The number of transactions reached 203,644 spread across 2,224,400,084 stocks leading to a turnover of EGP 10.396 billion.

🏷️ International investors were the only net sellers. 

📈 Top gainers for the market as a whole included El Shams Housing & Urbanization (+19.9%), Prime Holding (+15.0%), Mena Touristic & Real Estate Investment (+14.6%).

📉 Top losers for the market included GMC Group for Industrial Commercial & Financial Investments (-4.0%), Palm Hills Developments (-2.6%), and Grand Investment Capital (-2.4%).

⬆️ Top gainers for EGX30 included Oriental Weavers (+3.2%), Kima (+3.2%), and Ibnsina Pharma (+1.8%).

⬇️ Top losers for EGX30 included Palm Hills Developments (-2.6%), Orascom Development (-2.3%), and Abu Qir Fertilizers (-2.1%).

Other Important Stats: 

🧈 24K Gold reached EGP  7,610 per gram, down 1.6% day-on-day and down 4.4% month-on-month.

💲 The USD reached EGP 51.83 at the National Bank of Egypt.

Logistics player Egyptian Transport Services Company “Egytrans” (ETRS) reported a 2021.5% year-on-year surge in Q1 2026 net profit to EGP 70.4 million, according to its latest financial results. Revenue rose to EGP 369.2 million during the quarter, up from EGP 282.3 million in the same period last year.

The company has been expanding its footprint:

Egytrans, which last year merged with National Transport and Overseas Services Company (Nosco) in the Egyptian Exchange’s first-ever reverse merger, alongside Nafith International, in February secured a 25-year concession to modernize truck operations at Ain Sokhna Port, backed by over EGP 1 billion in investments.

The project will introduce digital yard management systems to handle rising volumes and is expected to cut waiting times by over 40%, reduce trucking costs by up to 30%, and boost capacity by as much as 60% within two years.

Stock performance:

The company’s share value rose 2.2% by market close yesterday following the news of the rise  in profitability, making it up 8.1% since the start of the year. Its share price is up 37% over the past 12 months.

💱 OB Financial Holding (OFH), formerly Orascom Financial, reported a net profit of EGP 106.7 million in Q1 2026, compared to a net loss of EGP 67.6 million in the same period last year, according to its latest financial results. The turnaround was supported by a sharp increase in foreign exchange translation gains, which reached EGP 129.7 million during the quarter. The company’s share value is up 10.9% since the beginning of 2026, and up 23.1% compared to levels recorded a year ago.

⛏️ Iron and Steel for Mines and Quarries (ISMQ) reported a 47% year-on-year decline in net profit during the first nine months of its current fiscal year to EGP 229.3 million, according to its latest financial results. Revenue fell to EGP 530.7 million during the period, down from EGP 834.7 million a year earlier. The firm’s share price is up 11.4% since the beginning of 2026, and up 38.2% compared to levels recorded 12 months ago.

🐔 Mansoura Poultry (MPCO) reported a net loss of EGP 42.6 million in Q1 2026, compared to a net profit of EGP 45.7 million in the same period last year, according to its latest financial results. Revenue declined to EGP 156.2 million during the quarter from EGP 262.7 million a year earlier. The company’s share value is down 5.9% since the beginning of 2026, but is up 46.4% compared to levels recorded a year ago.

 🌱 Gogreen for Agricultural Investment (GGRN) reported a 148% year-on-year increase in Q1 2026 net profit to EGP 24.4 million, according to its latest financial results. Revenue rose to EGP 37.1 million during the quarter, up from EGP 24.1 million in the same period last year. The firm’s share price is down 38.4% since the beginning of 2026, but is still up 49.5% compared to levels recorded 12 months ago.

In non- earnings news:

📉 Egypt’s stock market could lose its emerging market classification in S&P Dow Jones Indices’ global equity benchmarks after the index provider launched a consultation on potentially reclassifying the country as a frontier market, citing concerns over market accessibility, capital mobility, and institutional stability. Any change would take effect in 2027 if approved. The review comes despite Egypt retaining its Secondary Emerging Market status in FTSE Russell’s latest assessment, and could affect investor sentiment as the country moves ahead with market reforms and a pipeline of state-backed IPOs.

Tomorrow:

Rameda - distribution date for EGP 0.030 per share. The record date was May 31.

Elsewedy Electric - distribution date for EGP 1.85 per share. The record date was June 1st.

24 June:

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

🔋 Egypt is ramping up LNG imports ahead of peak summer demand, with the government seeking 28 cargoes in June after securing additional shipments to offset lower gas flows from Israel during maintenance shutdowns, according to Al Arabiya. Imports are expected to cover nearly 45% of peak consumption this summer as electricity demand climbs and the government moves to avoid renewed power outages.

💵 Egypt’s net foreign assets rebounded in April, rising 7% month-on-month to USD 22.9 billion after a sharp decline in March triggered by regional geopolitical tensions, according to Central Bank data. The recovery suggests foreign capital pressures may be easing, reviving expectations for a return toward the banking sector’s January peak of USD 29.5 billion.

🏭 Egypt’s Industrial Development Authority is seeking EGP 21 billion over three years to complete infrastructure works across 17 industrial zones as pressure mounts to expand the supply of investment-ready land. The request comes amid growing criticism from manufacturers over limited access to serviced plots, with land prices in some industrial cities trading at several times official rates due to supply shortages.