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

Today: Kima, Zahraa Maadi, and AMOC all report profit growth as Al Garhy Investment and Development moves to become EFG Holding's largest shareholder.

🔔 EGX30 ended -0.10% by market close at 47,785 points, the EGX70 dropped 2.85% to 12,149 points, and the EGX100 fell 2.08%  to reach 16,827 points

💸 The number of transactions reached 158,756 spread across 1,960,189,156 stocks leading to a turnover of EGP 7.5 billion.

🏷️ International investors were the only net buyers.

📈Top gainers across the broader market Gogreen for Agricultural Investment (+19.34%), El Wadi For International and Investment Development (+4.67%), The Egyptian Modern Education Systems (+2.63%)

📉 Top losers: El Obour Real Estate Investment (-10.44%), United Housing & Development (-9.13%), Electro Cable Egypt (-8.64%.)

⬆️ Top gainers for EGX30 included Credit Agricole (+2.6%), Eastern Company (+2.2%), and Madinet Masr (+1.9%).

⬇️ Top losers included: Egypt Aluminum (-3.7%), Ibnsina Pharma (-2.9%), and Rameda (-2.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,806 per gram, down 3.17% day-on-day but up 14.88% month-on-month.

💲 The USD reached EGP 46.88 at the National Bank of Egypt.

💰Egyptian Chemical Industries “KIMA” (EGCH) H1 profits surged 47% year-on-year (YoY) to reach EGP 1.19 billion, driven by higher sales and significant foreign exchange gains. Activity revenues also climbed to EGP 4.15 billion from EGP 3.97 billion, supported by a reduction in operating costs during the period. The company’s share value is up 27% in the last year.

💸Zahraa Maadi Investment and Development (ZMID) saw its 2025 profits jump 34.6 YoY % to EGP 712.3 million, supported by sales rising to EGP 812.2 million from EGP 761.5 million in 2024. Following these strong results, the company proposed a cash dividend of EGP 200 million (EGP 0.20 per share), pending approval from the General Assembly. It’s worth noting that the company’s shares are up 55% in the last year.

💵Alexandria Mineral Oils Company (AMOC) profit rose 2% during the first half of the current fiscal year, reaching EGP 656.4 million. This came on the back of a significant revenue jump, with sales hitting EGP 20.7 billion, up from EGP 18.24 billion year-on-year.Looking ahead, AMOC has set a net profit target of EGP 1.02 billion for FY 2026. The company’s share value is down 12% in the past year.

In non-earnings new:

📝Al Garhy Investment and Development plans to increase its stake in EFG Holding (HRHO) to 15% as a first phase, up from its current 10.1% position, Mohamed Al Garhy, the group’s Vice Chairman, told Asharq Business. The move would turn Al Garhy Investment from EFG’s second biggest shareholder to its largest, and the group may consider seeking a board seat in the future. This comes as EFG’s stock rose over 33% in the last year.

🔔Gourmet Egypt (GOUR) has set its final IPO price at EGP 6.90 per share, the maximum of its range, after its private offering was 12.2 times oversubscribed. The premium grocer, which carries a market cap of EGP 2.76 billion, expects to begin trading on the EGX around February 9. While the institutional round is now closed, retail investors have until this Wednesday to subscribe.

🏦Egypt might postpone its plan to raise between USD 1.5 billion and USD 2 billion through Eurobonds this month due to global market instability, a senior government official told EnterpriseAM. The Finance Ministry is reportedly wary of a volatile US dollar and record-high gold prices, preferring to wait for a more favorable window to avoid high borrowing costs.

📝Egypt’s primary surplus climbed to EGP 382.8 billion (1.8% of GDP) in H1 2025/2026, driven by a powerful 32% surge in tax revenues. Despite this growth, the overall budget deficit widened slightly to 4.2% as public spending rose to EGP 2.2 trillion to fund human development and essential services.

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

Your daily market lens, signing off.