Today: QNB reported a rise in quarterly profits and Domty saw a sharp earnings drop, while the Holding Company for Maritime and Land Transport increased its stake in Alexandria Container and South Valley Cement received approval for a capital increase.

🔔 EGX30 ended +1.0% by market close at 49,078 points, the EGX70 rose 0.2% to 12,993 points, and the EGX100 rose 0.2% to reach 18,187 points.

💸 The number of transactions reached 182,581 spread across 3,248,336,614 stocks leading to a turnover of EGP 7.807 billion.

🏷️ International investors were the only net buyers.

📈 Top gainers for the market as a whole included Minapharm Pharmaceuticals (+20.0%), Subscription Rights Of Arab Developers Holding (+12.7%), and Cairo Pharmaceuticals (+10.5%).

📉 Top losers for the market included Al Tawfeek Leasing Company (-5.3%), Al Khair River For Development Agricultural Investment (-5.0%), and Digitize for Investment And Technology (-3.7%).

⬆️ Top gainers for EGX30 included Orascom Development (+4.0%), Misr Cement (+3.4%), and Telecom Egypt (+3.2%).

⬇️ Top losers included Palm Hills Developments (-2.3%), Raya Holding (-1.9%), and GB Corp (-1.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,235 per gram, up 0.5% day-on-day and down 1.5% month-on-month.

💲 The USD reached EGP 53.09 at the National Bank of Egypt.

💰 Qatar National Bank (QNBE) reported a 32.6% year-on-year rise in Q1 2026 net profit to EGP 9.52 billion, according to a statement to the EGX. Growth was supported by higher net interest income, which climbed to EGP 13.94 billion from EGP 11.2 billion a year earlier. It’s worth noting that the company’s share value is down 6.9% since the start of 2026, but is still up 50% over the past 12 months.

⬇️ Arabian Food Industries Co “Domty” (DOMT)  posted a 68% drop in FY 2025 net profit to EGP 161.26 million, according to its latest financial results. Revenues edged up to EGP 9.39 billion from EGP 9.22 billion the year before, but profitability was hit by cost pressures. The company’s share price has dropped 8.9% since the beginning of 2026, but is still unchanged compared to levels recorded a year ago.

In non-earnings news:

💸 An EGP 880.88 million purchase by the Holding Company for Maritime and Land Transport increased its stake in Alexandria Container & Cargo Handling (ALCN) to 36.285% from 35.36%. The deal involved acquiring 27.29 million shares at an average price of EGP 32.27 per share. This comes after ALCN’s share value rose 28% since the start of 2026. Its gains over past 12 months reached 51.7%

✅ Egypt’s FRA gave initial approval for South Valley Cement (SVCE) to proceed with a capital increase, doubling its issued capital to EGP 4.82 billion. The EGP 2.41 billion raise will be offered to existing shareholders and aimed at funding factory rehabilitation, boosting capacity, and settling outstanding debts. The company’s share price is up 90.6% over the past 12 months.

Today:

Arab Moltaqa Investments - dividend distribution date for EGP 0.10 per share. The record date was April 7.

Tomorrow:

Al Tawfeek Leasing Company - distribution date for EGP 0.346 per share. The record date was April 8.

April 16:

Arabian Cement - distribution date for EGP 5.34 per share. The record date was April 9.

Al Baraka Bank - distribution date for EGP 1.1 per share. The record date was April 9.

Egyptians for Housing and Development - distribution date for EGP 0.10 per share. The record date was April 9.

📝 S&P Global affirmed Egypt’s sovereign credit rating at ‘B/B’ with a stable outlook, citing a balance between reform momentum and rising geopolitical risks from the Gulf conflict. The agency highlighted stronger foreign reserves, which rose to USD 52.8 billion, alongside a flexible exchange rate as key supports, while warning that external pressures, financing constraints, and potential reform setbacks could weigh on the outlook despite gradual improvements in debt ratios.

💵 The EBRD plans to deploy EUR 5 billion this year to help stabilize economies affected by the Gulf conflict, with Egypt among key second-tier beneficiaries alongside Turkey, Armenia, and Azerbaijan, according to a statement. The funding is designed as a liquidity buffer for state-owned enterprises and support for agrifood producers, aimed at cushioning external shocks and preventing pressure from spilling into energy and food security risks.