
Stock market closes Wednesday session in the green
Benchmark index EGX 30inched upwards during trading by 0.09 percent to end the session with 32,953.19 points.
EGX 70 was up by 0.18 percent to close with 9,864.92 points, followed by EGX 100 climbing by 0.12 percent to end the session with 13,379.52 points.
Wednesday trading reported 1.724 billion shares exchanged with a turnover of LE 5.363 billion.
Market capitalization was recorded at LE 2.332,6 trillion.
Trading on securities saw Egyptian and Arab investors as net sellers with LE 98.1 million and LE 44.98 million, respectively. Foreign traders were net buyers with LE 143.1 million.
The top gains of the session were by EGYFERT with a climb of 20 percent, Mohandes Insurance by 12.31 percent, and Alexandria Spinning & Weaving (SPINALEX) by 10.44 percent.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily News Egypt
24 minutes ago
- Daily News Egypt
Egypt, Vietnam upgrade ties to comprehensive partnership
Egyptian President Abdel Fattah Al-Sisi announced on Tuesday the elevation of Egypt–Vietnam relations to the level of a comprehensive partnership during the official visit of Vietnamese President Luong Cuong to Cairo. The visit saw the signing of two memoranda of understanding in the fields of local and economic development and centred on expanding bilateral cooperation across key sectors. A formal welcoming ceremony was held at Cairo's Al-Ittihadiya Palace, followed by a closed-door meeting between the two presidents and extended talks between their delegations. Discussions explored opportunities for strengthened cooperation in agriculture, trade, investment, manufacturing, tourism, and education, according to a statement from the Egyptian Presidency. In a joint press conference, President Al-Sisi welcomed President Cuong and hailed the growing momentum in bilateral ties, expressing hope for deeper collaboration between the two governments and peoples. He stressed that both countries possess untapped potential, noting that Egypt could serve as Vietnam's gateway to the Middle East and Africa, while Vietnam could provide Egypt with access to Southeast Asian markets. Al-Sisi said talks focused on boosting trade volumes and investment flows, with particular attention to infrastructure, digital transformation, food industries, pharmaceuticals, renewable energy, electric vehicles, and textiles. The two sides also agreed to enhance cultural and educational exchanges, including scholarships for Vietnamese students at Al-Azhar University. Addressing the war in Gaza, Al-Sisi reaffirmed Egypt's unwavering commitment to de-escalation, the facilitation of humanitarian aid, and mediation efforts for the release of hostages, in cooperation with partners such as Qatar and the United States. Rejecting accusations that Egypt is obstructing aid deliveries, he stressed that the Rafah border crossing has remained open and was damaged four times during the ongoing war. He stated that more than 5,000 aid trucks are currently waiting on the Egyptian side, and that Egypt has provided over 70% of all humanitarian assistance that has entered Gaza during the past 21 months. 'The war in Gaza has gone far beyond any political objectives—it has become a war of starvation and genocide aimed at eliminating the Palestinian cause,' Al-Sisi declared. 'We are ready to facilitate aid at any time, but we will never accept the forced displacement of Palestinians from their land.' He urged the international community not to remain silent, warning that history would judge those who failed to act. Al-Sisi renewed his call for an immediate ceasefire and the launch of reconstruction efforts, stressing that a lasting settlement must be based on international legitimacy and guarantee peace and stability in the region. President Al-Sisi also praised Vietnam's longstanding support for the Palestinian people and its firm rejection of any attempts to displace them.


See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Egypt and Pakistan Move Toward Deeper Defense and Security Partnership
H-Tayea Egypt and Pakistan appear to be paving the way toward a deeper, potentially strategic military alliance, as President Abdel Fattah El-Sisi met with General Sahir Shamshad Mirza, Chairman of the Joint Chiefs of Staff of Pakistan, in Cairo on Wednesday. The high-level meeting focused on expanding military and security cooperation, amid shared interest in regional stability and the fight against extremism. The visit, framed as part of broader efforts to deepen bilateral strategic ties, comes at a time when both countries are exploring new military partnerships and defense industry collaborations. According to a statement from the Egyptian Presidency, General Mirza conveyed greetings from Pakistani Prime Minister Shehbaz Sharif, while President Sisi praised the growing momentum in Egypt-Pakistan relations. The leaders reportedly discussed joint defense initiatives, counter-terrorism efforts, and regional cooperation mechanisms. Defense analyst Umair Aslan, speaking to Defense Arabia, highlighted the significant opportunity for Egypt to benefit from Pakistan's growing defense industry. Over the past two decades, Pakistan has emerged as a credible and cost-effective defense supplier, offering viable alternatives to traditional Western sources. According to Aslan, one of the most appealing options for Egypt could be the JF-17 Thunder multirole fighter, co-developed by Pakistan and China. The lightweight, versatile, and affordable aircraft could help modernize Egypt's air fleet without the heavy political strings or financial costs often associated with US or French jets. Despite its lower cost, the JF-17 boasts modern avionics, weapon systems, and air superiority capabilities, making it a practical choice for flexible air defense. In terms of ground forces, Aslan suggested that Pakistan's "Al-Khalid" and "Al-Zarrar" main battle tanks may also be of interest to Egypt. The Al-Khalid, equipped with Chinese and Pakistani technology, offers strong engine performance and advanced targeting systems. Meanwhile, the Zarrar is a low-cost modernization option for older tanks—something Egypt may explore, especially as it aims to enhance local manufacturing capabilities. While Pakistan's ballistic missile systems may not be Egypt's primary focus, anti-ship and conventional surface-to-surface missile systems developed by Pakistan could be valuable additions to Egypt's arsenal, particularly as Cairo looks to build a cost-effective and adaptable defense posture. What makes this evolving relationship noteworthy is that both countries appear willing to move beyond simple arms transactions. According to Aslan, the Sisi-Mirza meeting, along with other recent defense engagements, signals a clear intent to forge a deeper defense partnership that includes industrial collaboration, technical exchange, and joint military training. read more Analysis- Turkey Has 0 Regional Allies... Why? Analysis: Russia, Turkey... Libya in Return For Syria? Analysis: Who Will Gain Trump's Peace Plan Fruits? Analysis: Will Turkey's Erdogan Resort to Snap Election? Analysis: What Are Turkey's Aspirations in Iraq? Opinion & Analysis Analysis: Mercenaries In Libya... Who Should Be Blamed? Opinion & Analysis Analysis- How 'Libya Nightmare' Takes Erdogan to Algiers Opinion & Analysis Analysis: What Happens After Brexit? Opinion & Analysis Analysis: Strategic Significance of Libya's Sirte, Jufra! News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results


Daily News Egypt
7 hours ago
- Daily News Egypt
Egypt's PM reviews efforts to advance agricultural fertiliser industry
Egyptian Prime Minister Mostafa Madbouly on Tuesday chaired a meeting to review efforts to advance the country's agricultural fertiliser industry and its distribution system, his office said in a statement. Madbouly stressed the government's continuous interest in developing vital industrial sectors, including fertilisers, given their importance in meeting local needs amid the country's agricultural expansion. The meeting was attended by the ministers of industry, military production, finance, agriculture, public business sector, investment, and petroleum, as well as the head of the Consumer Protection Agency and other officials. The prime minister highlighted the facilities provided to support the fertiliser industry and attract more investment, which contributes to increasing production to meet local demand and positively impacts agricultural productivity, helping to achieve food security goals. He also pointed to the potential for exporting surplus fertilisers and opening new international markets. Madbouly noted the importance of continuously developing the fertiliser industry to keep pace with global advancements in modern agricultural techniques, which require specialised and advanced fertilisers to increase production and apply sustainable farming practices. According to a government spokesperson, the meeting reviewed the efforts of various entities to advance the industry to achieve greater self-sufficiency and export the surplus. It also addressed the development and modernisation of the fertiliser distribution system to ensure it reaches eligible farmers and prevents leakages of support to non-beneficiaries. In this regard, the prime minister emphasised the importance of continuing to govern the distribution system, expanding the mechanisation of services, and continuing to purge agricultural records of 'ghost' holdings. This, he said, would tighten control over fertiliser distribution from the factory to the eligible farmers.