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

We have a short issue today entirely focused on the stock market: Aman Holding announced a plan to expand to Saudi Arabia through a partnership with Jarir, Elsewedy Electric’s subsidiaries Rowad and Iskraemeco announced big construction and water-tech expansions, and Extracted Oils returned to profitability.

🔔 EGX30 ended -0.12% by market close at 47,606 points, the EGX70 rose 0.72% to 12,465 points, and the EGX100 rose 0.64%  to reach 17,207 points

💸 The number of transactions reached 142,603 spread across 1,796,254,346 stocks leading to a turnover of EGP 7.2 billion.

🏷️ Regional investors were the only net sellers.

📈Top gainers across the broader market Cairo Oils & Soap (+20%), Delta for Printing and Packaging (+16.08%), Arab Co. for Asset Management And Development (+10.15%)

📉 Top losers: United Housing & Development (-6.08%), Rakta Paper Manufacturing (-4.97%), Edita  (-3.6%.)

⬆️ Top gainers for EGX30 included Eastern Company (+4.8%), Orascom Holding (+4.0%), and Orascom Construction (+3.6%).

⬇️ Top losers included: Edita (-3.6%), Egypt Aluminum (-3.2%), and ADIB (-1.7%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,746 per gram, up 4.76% day-on-day and up 15.24% month-on-month.

💲 The USD reached EGP 47.04 at the National Bank of Egypt.

🤝 Raya Holding (RAYA) announced that its subsidiary Aman Holding has received initial clearance from the Saudi Central Bank to launch a consumer finance business in Saudi Arabia. The venture will be established through a memorandum of understanding with Jarir as a joint company, with Jarir owning 49%, Aman taking 40%, and the rest held by Hamad Bin Abdullah Bin Sulaiman Al Manea & Partners Trading Company. The step reflects Aman’s broader push to expand into the Gulf by leveraging its fintech know-how and tapping into Jarir’s existing customer base.

💸G Developments has reportedly agreed with Rowad Modern Engineering, a subsidiary of Elsewedy Electric (SWDY), to form a strategic alliance to execute and supervise construction works across its real estate projects in Egypt, targeting works of up to EGP 100  billion, sources told Asharq. The partnership will operate through a jointly owned company under an open-book contracting model, with Rowad acting as the main contractor to speed up construction across G Developments’ portfolio. Key projects include a new Cairo land plot spanning roughly 1700 feddans developed in partnership with Heliopolis Housing (HELI), alongside the Seychelles Playa projects on the North Coast, which also exceed 1,000 feddans.

📝 Iskraemeco, El Sewedy Electric’s energy and water solutions unit, plans to invest USD 10-20 million over the next two years to expand its role in Egypt’s national water projects, aiming for a 40% market share by 2026, Managing Director Mostafa Ashour told EnterpriseAM. The company is scaling up production of smart meters and IoT systems to reduce water losses by up to 30% and improve cost recovery for utilities and businesses. It is also increasing local component use to offset import costs and is pursuing projects in Saudi Arabia, the UAE, and African markets through flexible payment models.

In earnings news:

Extracted Oils (ZEOT) returned to profitability in the first half of the fiscal year, posting a net profit of EGP 16.62 million pounds versus a loss of EGP 8.38 million a year earlier. The turnaround came on higher production and sales of oils, detergents, animal feed, acidulated oil, and third-party manufacturing, with revenues rising to EGP 2.2 billion from EGP 1.69 billion.

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

Your daily market lens, signing off.