Today: Talaat Moustafa Group and CI Capital have secured regulatory approval to launch a real estate investment fund worth up to EGP 10 billion.

🔔 EGX30 ended -0.8% by market close at 46,414 points, the EGX70 rose 0.4% to 12,516 points, and the EGX100 also rose 0.08% to reach 17,510 points

💸 The number of transactions reached 196,564 spread across 1,615,009,040 stocks leading to a turnover of EGP 9.0 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers across the broader market Egyptians Real Estate Fund Certificates (+19.8%), Misr Chemical Industries (+17.0%), and Certificates Of Odin Egyptian Equity Investment Fund-KASAB (+11.4%).

📉 Top losers: E-finance For Digital and Financial Investments (-5.9%), Egypt Aluminum (-5.9%), and Ibnsina Pharma (-4.8%).

⬆️ Top gainers for EGX30 included AMOC (+5.7%), Heliopolis Housing (+5.4%), and Orascom Development (+3.4%).

⬇️ Top losers for EGX30 included E-finance (-5.9%), Egypt Aluminum (-5.9%), and Ibnsina Pharma (-4.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,589 per gram, down 0.02% day-on-day and up 11.6% month-on-month.

💲 The USD reached EGP 52.73  at the National Bank of Egypt.

Egypt’s Financial Regulatory Authority has approved the establishment of a real estate investment fund by Talaat Moustafa Group (TMGH) in partnership with investment bank CI Capital (CICH), with a targeted capital between EGP 8 billion and 10 billion, according to a source who spoke to Asharq on condition of anonymity.

Real estate exposure through investment certificates

The planned fund will focus on acquiring and investing in real estate assets owned by Talaat Moustafa Group, with investment certificates expected to be offered to the public. This structure allows investors to gain indirect exposure to real estate without purchasing property units outright.

Such funds typically generate returns through rental income and asset appreciation, while lowering the capital requirements needed to participate in the real estate market.

Remember, this comes amid the company’s regional expansion 

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.

Stock performance

The company, which holds 10.3% of the EGX30 weight, has seen a tough start to the year. Its share value is down 4.4% since the beginning of 2026. This brings its gains over the last 12 months to 44.5%.

🔔 Egypt aims to raise between EGP 23 and 32 billion (around USD 460–650 million) by listing a 30–40% stake in Banque du Caire on the stock exchange, a government official told Asharq on condition of anonymity. The official added that the bank’s fair value is estimated at about EGP 78 billion (USD 1.5 billion), with EFG Hermes and CI Capital appointed as managing advisors and Baker Tilly as independent financial advisor for the offering.

✅ Egypt’s Industry Minister Khaled Hashem has approved a new leasing system for industrial zones that removes the previous three-year restriction on selling or transferring industrial land, creating a secondary market for investors. The move is part of a broader strategy to shift the country from assembly-focused factories toward full local manufacturing, with the government also planning industrial funds and targeted support for priority sectors to help reach USD 99 billion in non-oil exports.