Today: Heliopolis Housing unveiled a new wave of development projects in New Heliopolis, while Fawry secured EGP 550 million to scale its digital lending business for MSMEs.

🔔 EGX30 ended -0.7% by market close at 52,560 points, the EGX70 rose 1.3% to 17,263 points, and the EGX100 rose 0.9% to reach 23,081 points.

💸 The number of transactions reached 247,761 spread across 3,142,915,439 stocks leading to a turnover of EGP 10.101 billion.

🏷️Local investors were the only net buyers. 

📈 Top gainers for the market as a whole included Glaxo Smith Kline (+20.0%), Middle Egypt Flour Mills (+20.0%), North Cairo Mills (+20.0%)

📉 Top losers for the market included Golden Textiles & Clothes Wool (-6.0%), Egyptian for Tourism Resorts (-4.6%), and Egyptian Real Estate Group (-3.9%).

⬆️ Top gainers for EGX30 were Beltone Holding (+2.9%), Valmore Holding-EGP (+2.7%), and Egypt Aluminum (+2.7%)

⬇️ Top losers for EGX30 included Raya Holding (-2.5%), Edita (-2.0%), and Juhayna (-1.9%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,694 per gram, up 0.3% day-on-day but down 2.9% month-on-month.

💲 The USD reached EGP 51.07 at the National Bank of Egypt.

Heliopolis Housing's board approved a series of new development initiatives across its New Heliopolis land bank, including a major partnership with Modad Real Estate, fresh construction tenders, and the launch of a new development phase, according to a company filing.

Modad partnership anchors expansion

The company signed a revenue-sharing agreement with Modad Real Estate to develop a 25-feddan plot in New Heliopolis City. Heliopolis Housing will receive a 38% revenue share, with projected project revenues of EGP 6.08 billion and a guaranteed minimum return of EGP 3.54 billion. The agreement also includes a 12% share of finishing works revenue and an upfront payment of EGP 60 million.

Development pipeline gathers pace

Beyond the Modad agreement, the board approved launching construction tenders for the first phase of the Jadina project, which includes 560 residential units alongside administrative and commercial buildings. It also authorized the company to study additional partnership proposals across both New Heliopolis and Hadayek Al Asema, while beginning licensing procedures for the second phase of its 300-feddan New Heliopolis development, which is expected to include 600 residential units with an estimated investment cost of EGP 2.25 billion.

Market reaction

HELI shares rose 2.2% by market close yesterday following the news. This makes it up 121.5% since the beginning of 2026, and up 138% compared to levels recorded a year ago.

Fawry's microfinance and SME lending arm has secured EGP 550 million in financing from the Micro, Small and Medium Enterprises Development Agency (MSMEDA) to expand lending to small businesses across Egypt, according to an EGX disclosure. The facility includes EGP 300 million for microenterprises and EGP 250 million for SMEs under a Finance Ministry initiative aimed at bringing more informal businesses into the formal economy.

Scaling digital lending

CEO Ashraf Sabry said the funding will help Fawry expand its digital lending platform using data-driven credit assessments to provide faster financing for working capital and business expansion. The company also sees the program as a way to deepen financial inclusion and broaden access to formal financing.

Building on recent funding

The agreement follows EUR 4.4 million in financing from the EBRD announced in April to support lending to youth-led MSMEs, further strengthening Fawry's push into Egypt's small business finance market.

🏖️Creast Mark For Contracting and Real Estate Development approved the sale of its 57.6% stake in a North Coast project to Ayoubco Contracting for EGP 175 million, according to an EGX filing. The proceeds will be used to partially fund construction works at the company's Stella Di Mare 2 project in Ain Sokhna, while the board also approved changes to the planned use of proceeds from its recent capital increase.

🏭 Elsewedy Electric said plans to build a wiring harness manufacturing plant in Fayoum are still under evaluation, responding to an EGX inquiry. The clarification comes days after the Cabinet approved moving ahead with contracting procedures for the proposed 22.6-feddan project, which would manufacture automotive wiring harnesses and related components.

Dates to keep an eye out for

Today:

B Investments - record date for USD 0.030 per share. The distribution date is July 26.

July 26:

Lotus For Agricultural Investment- record date for 0.266 bonus share per original share. The distribution date is July 27.

Gourmet Egypt record date for EGP 0.216 per share. The distribution date is July 29.

July 28:

Egytrans Nosco - record date for EGP 0.20 per share. The distribution date is August 2. 

July 29:

GB Corp - distribution date for EGP 0.15 per share. The record date was April 26.

July 30: 

Misr Fertilizers Production - distribution date for EGP 1 per share. The record date was May 3.

Talaat Moustafa Group - distribution date for EGP 0.15 per share. The record date was May 18.