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

Today: CIRA Education and South Cairo & Giza Flour Mills post strong results as Cleopatra Hospitals opens its EGP 3.5 bn facility and Heliopolis Housing settles a 30-year land dispute, while the EGX completes its semi-annual index review.

🔔 EGX30 ended +0.69% by market close at 47,834 points, the EGX70 dropped 1.04% to 12,505 points, and the EGX100 fell 0.57%  to reach 17,184 points

💸 The number of transactions reached 151,201 spread across 1,734,999,900 stocks leading to a turnover of EGP 6.8 billion.

🏷️ International investors were the only net buyers.

📈Top gainers across the broader market Development & Engineering Consultants(+9.95%), Prime Holding (+8.06%), O B Financial Holding (+7.76%)

📉 Top losers: Gogreen for Agricultural Investment (-17.73%), United Housing & Development (-10.59%), Mena Touristic & Real Estate Investment (-4.73%.)

⬆️ Top gainers for EGX30 included Abu Qir Fertilizers (+6.8%), ADIB (+5.1%), and EFG Holding (+4.4%).

⬇️ Top losers included: Madinet Masr (-2.7%), Eastern Company (-2.6%), and Egypt Aluminum (-2.4%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,062 per gram, up 1.65% day-on-day and up 16.42% month-on-month.

💲 The USD reached EGP 47 at the National Bank of Egypt.

💰CIRA Education nearly doubled its profits to EGP 354.3 million in Q1 FY 2025/26, fueled by record-breaking enrollment of over 10,000 new students and a massive 44% revenue jump in higher education. (Read more in our Deeper Look section.)

💸South Cairo & Giza Flour Mills (SCFM) successfully swung to a profit of EGP 37.8 million in the first half of FY 2025/26, a major recovery compared to the EGP 11.68 million loss reported last year. Revenues for the period jumped to EGP 152.79 million, significantly outpacing the EGP 112.27 million earned during the same period the previous year.

In non-earnings news:

🏥Cleopatra Hospitals Group (CLHO) officially opened "Cleopatra Al Tagamoa - Sky" in East Cairo, a EGP 3.5 billion hospital operated under a public-private partnership with the Ministry of Petroleum. The 240-bed facility will be fully managed by Cleopatra Group, with its entire financial performance integrated into the group’s financial statements.

🏘️Heliopolis Housing (HELI) has settled a 30-year dispute with the New Urban Communities Authority over 710,000 square meters of extra land in New Heliopolis City after a final EGP 96 million payment. With this legal hurdle cleared, the company is now focusing on major expansions in Capital Gardens and Mansoura, aiming to grow its real estate footprint beyond Greater Cairo.

📝The EGX has completed its semi-annual periodic review for market indices, with the newly rebalanced components set to take effect on February 1, 2026. The benchmark EGX30 index saw a reshuffle involving four companies: Heliopolis Housing, KIMA, Edita Food Industries, and Orascom Investment Holding have officially joined the index. These firms replace Sidi Kerir Petrochemicals, MOPCO, Madinet Masr, and Crédit Agricole Egypt, which were removed following the review.

🏦The Finance Ministry is exploring an IPO for its 20% stake in AlexBank on the EGX as early as this year after sale talks with majority shareholder Intesa Sanpaolo stalled, a senior government official told EnterpriseAM. The government aims to raise between USD 625–700 million from the sale to help bridge the financing gap and reduce public debt. This move is a critical signal to the IMF that Egypt is serious about its privatization program and shifting toward a private-sector-led economy, which remains a key condition for the country's USD 8 billion assistance package.

🚢Egypt’s non-oil exports climbed 17% in 2025 to reach USD 48.6 billion, largely driven by a massive spike in gold exports and strong performance in building materials. This growth helped shrink the non-oil trade deficit by 9% to USD 34.4 billion, as the government ramps up export subsidies and industrial localization to hit its ambitious USD 145 billion target by 2030.

CIRA Education (CIRA.CA) reported a 95% YoY surge in normalized net profit, reaching EGP 354.3 million in Q1 FY 2025/26. This bottom-line growth was driven by a 38% increase in revenues to EGP 1.4 billion, with the higher education segment serving as the primary engine of growth. Profits were further bolstered by stabilizing macroeconomic conditions and improved operating leverage.

Operational Highlights:

Future Outlook:

CEO Mohamed El Kalla confirmed that the company is on track to reach 100,000 students by 2030. Key upcoming projects include the Seneca campus in East Cairo and the Advanced Sci-Tech International Hub in Damietta, both slated to open by September 2027. The company also recently marked its first international expansion by acquiring a stake in the U.S.-based Falcon Academy

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

Your daily market lens, signing off.