Today: Talaat Moustafa Group Holding has been upgraded to the mid-cap tier in the FTSE Russell indices after surpassing USD 2.7 billion in market value, as it accelerates regional expansion and posts strong share price gains.

🔔 EGX30 ended -2.18% by market close at 49,560 points, the EGX70 fell 2.35% to 12,427 points, and the EGX100 also dropped 2.22%  to reach 17,409 points

💸 The number of transactions reached 141,908 spread across 1,164,148,025 stocks leading to a turnover of EGP 4.6 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers across the broader market Minapharm Pharmaceuticals (+5.2%), Cairo Poultry (+4.6%), and TransOceans Tours (+3.3%).

📉 Top losers: Gogreen for Agricultural Investment (-7.8%), CI Capital (-7.8%), Nozha International Hospital (-7.2%.)

⬆️ Top gainers for EGX30 included Misr Cement (+2.1%), Edita (+0.8%), and Kima (+0.4%).

⬇️ Top EGX30 losers included Rameda (-5.7%), Fawry (-5.3%), and GB Corp (-4.7%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,944 per gram, down 0.08% day-on-day but up 7.89% month-on-month.

💲 The USD reached EGP 47.75 at the National Bank of Egypt.

Talaat Moustafa Group Holding has been promoted within the FTSE Russell indices, moving from the small-cap segment to the mid-cap category.

The reclassification comes as part of the March 2026 semiannual review for the Middle East and Africa region, after the company satisfied all eligibility requirements — most importantly, the market capitalization threshold.

The group’s valuation exceeded USD 2.7 billion based on December 2025 closing prices, comfortably surpassing the minimum requirement for mid-cap inclusion.

Greater visibility and liquidity expected

The upgrade reflects rising international confidence in the company’s financial and operational performance and is likely to enhance the stock’s appeal among foreign institutional investors and global funds.

A higher index weighting is expected to improve trading liquidity, broaden foreign ownership, and reinforce the firm’s position as one of the largest listed real estate developers across emerging markets.

Remember, the company is expanding regionally

Beyond its index upgrade, Talaat Moustafa Group is ramping up growth regionally and at home. In Oman, it is committing more than USD 5 billion to two flagship projects — Jood and Yamal — spanning over 4.9 million square meters and set to deliver roughly 15,000 homes under Oman’s Vision 2040 framework.

Domestically, the group is also developing a USD 788 million integrated tourism complex behind the Grand Egyptian Museum, featuring a five-star hotel and mixed-use components, expected to generate substantial recurring income alongside real estate sales.

And has been performing well lately

The company, which holds 11.20% of the EGX30 weight, has seen strong momentum since the start of the year. Its share value is up 13% since the beginning of 2026, bringing its gains over the last 12 months to 76%. 

🧈 Egypt plans to launch a global gold exploration bid round in the Eastern Desert in 2Q 2026, covering more than 210 blocks, a government official told Asharq. The move aims to attract USD 1 billion in mining investments and boost gold output, underscoring the government’s push to position mining as a key driver of foreign investment and economic growth.

📝 Egypt is boosting healthcare investment with a new incentives package and expanded opportunities for private-sector participation, a senior government source told EnterpriseAM. The reforms aim to attract foreign investment and support the growth of 62 facilities, up from seven last year, including major hospitals like Sheikh Zayed, New Alamein, Galala, and Agouza.