Egx

The Egyptian Exchange (EGX) is a significant player in the Egyptian capital market, and its activities have been multifaceted, ranging from listing approvals to index developments. Here's a detailed analysis of the EGX:

1. **New Index Launch**: The EGX introduced the EGX35-LV index, which tracks low-volatility stocks, set to commence on August 1, 2025. This move aligns with the exchange's strategy to offer diverse investment tools and cater to various investor strategies, particularly for those favoring low-risk approaches.
2. **Listing Approvals**: The EGX has approved the listing of Spinalex's capital increase, amounting to EGP 80.160 million, resulting in a total issued and paid-up capital of EGP 721.442 million. This development highlights the EGX's role in facilitating corporate financing and capital market growth.
3. **IPO Activity**: Bonyan for Development and Trade's IPO on the EGX was successfully executed, with CI Capital acting as the joint global coordinator and bookrunner. The offering completed at EGP 4.96 per share, implying a market capitalization of EGP 8.20 billion at the opening bell. This IPO is a testament to the EGX's capability to support companies' capital raising efforts and contribute to market expansion.
4. **Market Performance Indicators**: Notably, Mopco recorded a net profit of EGP 5.81 billion during the first half of 2025, despite a year-on-year drop in net profit for Abu Qir Fertilizers, which saw a 31% decrease to EGP 9.34 billion in the fiscal year 2024/25. These figures underscore the dynamics of the companies listed on the EGX and the importance of the exchange in providing a platform for both established and growing companies in Egypt.

In conclusion, the Egyptian Exchange (EGX) has been actively contributing to the Egyptian capital market through the introduction of new indices, the facilitation of listing transactions, and supporting the financial growth of companies.