Egyptian stocks showed mixed performance as EGX30 declined while broader indexes posted gains.
By: Mohamed Zain
Thu, May. 14, 2026
Egyptian stock market indexes showed mixed performance at the start of Thursday’s trading session, with the benchmark EGX30 pressured by heavyweight stocks while broader market indexes moved higher.
Egyptian stock market indexes showed mixed performance at the start of Thursday’s trading session, the final session of the week, as the benchmark EGX30 index declined under pressure from heavyweight stocks while broader indexes posted gains amid trading exceeding EGP 800 million.
Main Egyptian market indexes showed mixed movement at the start of Thursday’s session.
The benchmark EGX30 index fell by 0.17% to 53,324 points, while the EGX30 capped index declined 0.13% to 65,581 points. The EGX30 total return index slipped 0.14% to 24,768 points, and the EGX35-LV index edged down 0.01% to 6,020 points.
Meanwhile, the EGX70 equal-weight index for small and medium-sized companies rose 0.39% to 15,128 points, while the EGX100 equal-weight index gained 0.23% to 20,990 points. The Islamic Shariah index declined 0.23% to 5,862 points, while the Tamayoz index added 0.16% to 25,020 points.
Trading disclosures showed mixed activity by insiders, major shareholders, and related parties during Wednesday’s session.
Insiders purchased shares in Arab Engineering Industries, Heliopolis Housing, and Palm Hills Developments.
A related party linked to a major shareholder in Al Ahram Printing and Packaging increased its holdings.
Insiders reduced stakes in ASCOM, Juhayna Food Industries, Canal Suez Bank, Nozha International Hospital, and Digitize for Investment and Technology.
Major shareholders also sold stakes in pharmaceutical and healthcare companies.
The market also witnessed several notable transactions during Wednesday’s session.
Azad Real Estate acquired 2.6 million shares in Housing and Development Engineering Consultants at an average price of EGP 94.53 per share in a deal valued at EGP 243.2 million, increasing its stake from 7.02% to 17.96%.
Meanwhile, a shareholder in Crestmark Contracting and Real Estate Development purchased 22.3 million shares valued at EGP 20.3 million, increasing ownership from 3.69% to 5.68%.
A shareholder in Al Oula Investment and Real Estate Development also increased holdings through the purchase of 2.7 million shares worth EGP 8.5 million.
On the other hand, Arab Valves Company disclosed that Draa Financial sold 100,000 shares, reducing its stake from 10.03% to 9.89%.
Several listed companies also announced quarterly financial results.
Orascom Construction posted revenues of $1.47 billion in the first quarter of 2026, up 73.2% year-on-year, while net profit more than doubled to $53.4 million.
Orascom Construction posted revenues of $1.47 billion during the first quarter of 2026, up 73.2% year-on-year, while net profit more than doubled to $53.4 million.
Raya Holding reported revenues of EGP 15.8 billion during the first quarter, marking annual growth of 22.8%, while net profit rose 16.8% to EGP 453 million.
The company also announced board approval for the sale of its entire stake in Asyad Land Transport in a deal valued at EGP 641 million.
Cairo Poultry reported revenues of nearly EGP 4 billion during the first quarter, while net profit declined 38% year-on-year to EGP 625 million.
Alexandria Container and Cargo Handling recorded a 10% increase in net profit to EGP 1.94 billion despite moderate revenue growth of 4%.
Taqa Arabia posted revenues of EGP 7.13 billion during the quarter, while net profit rose to EGP 261.8 million compared with EGP 164.9 million a year earlier.
Thursday’s early trading reflected a split market picture, with pressure on the EGX30 offset by gains in broader indexes and continued investor attention on insider activity, major transactions, and first-quarter earnings.