Egypt  24 October 2021

NAEEM NewsStand
What's Inside Egyptian Stock Markets Indices Close Chg (%)
EGX 30 11,132.1 -0.56
► SKPC plant utilisation rates up 25% as Gasco increases feedstock
EGX 70 EWI 2413.56 -2.72
supplies
NISE 25 441.4 -0.78
► Urea touches yet another peak of USD845/ton DJ EGX Egypt Titans 20 Index 2,506.3 -0.07

► Petroleum benchmarks trade higher while LNG and chemicals Advances Declines No Change
cool off, food/agri commodities remain elevated
47 105 51
► Egypt economy forecast to grow 5.1% in year to June, 5.5% in
Regional Stock Market Indices Close Chg (%)
FY23
Saudi Arabia TASI 11,903.7 +0.94
► Israel considering new pipeline to boost gas exports to Egypt Dubai DFM 2,857.3 +1.39
Abu Dhabi ADX 7,876.3 -0.15
► Water-poor Egypt eyes quadrupling desalination capacity in 5 Kuwait KWSE 6,976.6 +0.30
years Qatar DSM20 11,856.4 +0.76
► Up to 6 IPOs of Egyptian state companies to be launched in
current FY Prior Session Market Wrap
The EGX30 index declined by 0.72% and closed at 11,195.1
► Egypt’s adds 2k hotel rooms in the red sea area in 9M21
EGX70EWI index declined by 6.70% and closed at 2,481.02.
Top 5 Gainers Egyptians were net buyers, while Arabs and Foreigners
Previous Last were net sellers. Foreign investors accounted 15.08% of
Stock Name Chg (%)
close Price the total market.
General Silos & Storage 70.8 79.8 12.7
Zahraa El Maadi Inv & Dev 36.3 39.3 8.2
El Ezz Aldekhela Steel Alexa 450.1 484.0 7.5
Middle Egypt Flour Mills 31.0 33.1 6.8
t
Delta Sugar 14.8 15.8 6.6

Top 5 Decliners Daily EGX30 and Turnover

EGPm Points
Previous Last
Stock Name Chg (%) 7,500 11,400
close Price 6,500 11,300
11,200
National Real Estate Bank 45.5 36.4 -20.0 5,500
11,100
4,500
El Arabia Engineering Ind 4.5 3.6 -20.0 3,500
11,000
10,900
Egyptian For Developping Bui 0.8 0.6 -19.9 2,500
10,800
1,500
Intl Co For Invest & Develop 31.0 24.9 -19.7 500
10,700
10,600
Northern Upper Egypt Develop 2.4 2.0 -19.7 -500 13-Oct 14-Oct 17-Oct 18-Oct 20-Oct 10,500

5 Most Active Stocks by Value Turnover EGX 30 Index

Turnover Last
Stock Name Chg (%)
(EGPm) Price
189.5 47.3 -0.5 Investors by Type
Commercial International Bank
Egyptian For Developping Bui 61.3 0.6 -19.9 100% 90%

Egyptian Real Estate Group 53.9 5.0 14.7 80%

80% 70%
Elswedy Electric Co 49.1 8.5 -1.7
60%
Zahraa El Maadi Inv & Dev 33.1 39.3 8.2 60%
50%

5 Most Active Sectors 40%

40%
30%
Turnover 20%
Sector % of total 20%
(EGPm) 10%
IT , Media & Communication Services 2068.0 63.4 0% 0%
13-Oct 14-Oct 17-Oct 18-Oct 20-Oct
Real Estate 261.5 8.0
Non-Arab Arab Local Institutions
Banks 217.8 6.7
Non-bank financial services 121.6 3.7

Food, Beverages and Tobacco 100.6 3.1

* Daily market statistics for 20 October 2021

1
 NAEEM NewsStand
24 October 2021

Impact KEY STORIES

SKPC plant utilisation rates up 25% as Gasco increases feedstock supplies: Local industry
sources note that Sidi Kerir Petrochemicals (SKPC EY) is now operating its plant at full capacity,
owing to the increased supply of natural gas feedstock (ethane-propane mix) by state-owned
supplier Gasco. The same, supposedly comes on the back of instructions given by the Ministry
of Petroleum to ensure feedstock availability to both SKPC and its associate Ethydco (owned
20%). Accordingly, SKPC’s utilization rates currently amount to 100% and 102%, for Ethylene
and Polyethylene/PE, respectively. Assuming the news to be true, the development would bode
very well for SKPC; which, according to our calculations had idle capacity of c.25% in 2Q21 (with
the PE production line operating at 75%). At the mentioned optimal utilisation rates, SKPC’s
earnings are expected to jump by 25-30% from the previous levels and, would likely trigger an
upward re-rating of the stock. A company source, while having acknowledged higher production
rates at the factory in recent weeks, however, was unable to quantify the exact increase in
manufacturing bandwidth. The development, comes in complete contrast to the company’s
announcement back in February this year, stating its intentions to begin imports of the feedstock
(starting 2Q21) to increase utilisation rates by 25% (due to limited supply of feedstock from
Gasco). While viewing the latest news, tentatively, as a positive development for the stock, we
however, await official disclosures from the company to confirm the same

Urea touches yet another peak of USD845/ton: Urea (regional spot) jumped higher to a new
all-time record of USD845/ton, versus USD752/ton in the previous week. Urea has now risen by
78% MoM and 219% YoY; continuing to be driven by supply issues (as China has banned
exports), high feedstock costs (natural gas and coal), and strong global demand. The price of
LNG (a key feedstock for global ammonia-urea production) while having cooled off a bit in latest
trading, still remains high at USD34/mmbtu (up from a low of USD2.2/mmbtu last year) in
international markets. The price run bodes well for local urea exporters (depending on the terms
of their individual forward contracts with international buyers/agents) such as Abu Qir Fertilizers
(ABUK EY), Mopco (MFPC EY), Alexfert (owned by EK Holding) and Egyptian Chemical Industries
(Kima/EGCH EY); as on average, exports amount to 55-60% of total sales volumes
 NAEEM NewsStand
24 October 2021

Petroleum benchmarks trade higher while LNG and chemicals cool off, food/agri
commodities remain elevated: Weekly commodity roundup: A) Brent crude increased
marginally WoW, trading at USD85.5/bbl continuing to be affected by supply concerns, B) LNG
(forward average) cooled off to USD34/mmbtu, down 10% WoW as importers switch to
alternative long term suppliers (instead of spot) and, with China loosening restrictions on coal
production (an alternative fuel), C) Petrochemicals: Impacted by high feedstock costs, HDPE,
LDPE and LLDPE, rose WoW by an average of 6-8% during the week ending 15th of October.
During the latest week however, Polypropylene, dropped by 7% WoW to USD1,416/ton, but is
still up 13% on a YTD basis, D) corn and wheat were up 3% WoW, while sugar dropped by
another -4% WoW (following the 3% decline in the previous week). Skimmed milk increased 3%
WoW while whole milk dropped marginally WoW, E) iron ore (65% fe) declined by a further 4%
WoW, and has cooled off by 48% since hitting its peak in May 2021. Flat steel (HRC) increased
by 3% WoW to USD840/ton, up by USD40/ton during the past two weeks, F) Aluminum which
touched new records in last week’s trading, was down 10% WoW trading at USD2,868/ton. The
price however, is higher 45% on a YTD basis. The trends in energy and derivative chemical prices
(petchems) are positive for Egypt (benefiting as a net exporter), but other food and input
commodities (grains, sugar, milk, metals etc., of which, Egypt is a net importer) would continue
to pose as a challenge (due to higher producer costs). With regards to EGX listed stocks, the
trends are very much positive for petroleum refineries such as AMOC and ERC (owned by Qalaa
Holdings), as the input-output spreads continue to widen (the Diesel-HSFO spread is now at
USD28/bbl, the highest since January 2020). Good news for steel producers such as ESRS too,
as input costs (iron ore) drop amid higher steel prices. For food producers (cheese, milk, snack
foods), higher input costs would eventually lead to price hikes as new inventories get factored-
in to the cost+ model of pricing. However, with PP prices showing signs of cooling down, textile
producers such as ORWE would benefit in terms of margins
 NAEEM NewsStand
24 October 2021

ECONOMIC & POLITICAL NEWS

Egypt economy forecast to grow 5.1% in year to June, 5.5% in FY23
Egypt's economy will grow 5.1% in the fiscal year that ends in June 2022, but accelerate to 5.5% in
each of the following two years as tourism continues to rebound and the effects of the coronavirus
pandemic wane, a Reuters poll showed. (Source: Reuters)

Israel considering new pipeline to boost gas exports to Egypt

Israel is considering the construction of a new onshore pipeline to Egypt in order to quickly boost
natural gas exports to its neighbour in the wake of the recent tightening of global supplies, the
Israeli energy ministry said. (Source: Reuters)

Water-poor Egypt eyes quadrupling desalination capacity in 5 years

Water-scarce Egypt aims to more than quadruple desalination capacity by granting private
companies concessions from its sovereign wealth fund to build 17 plants over the next five years
with sustainable solar energy. (Source: Reuters)

Up to 6 IPOs of Egyptian state companies to be launched in current FY: Minister

Egypt is planning on listing five or six state-affiliated companies on the stock exchange in the
current fiscal year under the country's recently resumed initial public offering (IPO) programme,
Finance Minister Mohamed Maait said. (Source: Ahram Online)

Egypt’s adds 2k hotel rooms in the red sea area in 9M21, an official. (Source: El Borsa
Newspaper)

Members from Egypt’s parliament and senate to discuss the capital gains taxes
Some members form the Egyptian parliament and senate will hold a mini meeting over the capital gains
taxes and consequences on the Egyptian exchange. The member of the financial, economic, and
investment affairs said that the meeting will discuss if the capital gains taxes cope with the economic
policies or not, and their feasibility to the Egyptian economy, and also the meeting will cover the timing
of applying the taxes in light of the current market condition. He added that the meeting will discuss the
differential between stamp duty taxes and capital gains taxes. (Source: El Borsa Newspaper)

EgyptAir domestic flights up 400% in summer season 2021 compared to summer season
2020. (Source: Shorouk News)

Egypt’s poverty rate declines to 29.7% in FY20 compared to 32.5% in FY18 – Minister of
planning. (Source: Shorouk News)

Cyprus eyes Egypt’s plants to liquefy ExxonMobil’s Glaucus-1 well’s natural gas
Cyprus considers establishing a pipeline with Egypt to transfer natural gas to the Egyptian gas
liquifying plants where gas would be liquefied for export aboard ships, according to Cyprus energy
minister Natasa Pilides. She stated in an interview with the Associated Press (AP), that this is
currently the most likely option. The transferring will be made from ExxonMobil’s ‘Glaucus-1’ well
inside block 10 of Cyprus’ exclusive zone, which is set to commence in 6-8 weeks, according to
Pilides. (Source: Ahram Online)

Greece vows to link Egypt's energy grid to European Union

Greece pledged Tuesday to link Egypt to the European Union's energy market with an undersea
cable that would carry electricity across the Mediterranean. (Egypt's) link to Europe will be Greece,''
Greek Prime Minister Kyriakos Mitsotakis said after talks in Athens with Egyptian President Abdel-
Fattah el-Sisi. ``We are seeking diversification of energy sources, and Egypt can also become a
provider of electricity, which will be produced mainly by the sun.''. (Source: Ahram Online)
 NAEEM NewsStand
24 October 2021

Egypt, Qatar discuss cooperation in maritime transport

Egyptian Minister of Transport, Kamal Al-Wazir met with his Qatari counterpart Jassim bin Saif Al
Sulaiti to discuss cooperation in various fields of the transport sector, said the Egyptian Ministry of
Transport in a statement on Wednesday. The Qatari Minister highlighted the importance of
cooperation between the two sides in various fields of transport, including the maritime transport
sector. He added that the Qatari government is keen on developing seaports like Hamad Port in
accordance with the latest international standards. Minister Wazir discussed the great renaissance
that is being achieved in Egypt in various fields, during President Abdel Fattah Al-Sisi’s leadership.
He added that Egypt welcomes cooperation between the two sides in the field of maritime
transport, especially amid transforming Egypt into a centre for global trade and logistics. (Source: Egypt
Today)

First round of meetings between Egypt, EFTA on trade liberalization kicks off in Geneva
The first round of meetings held between Egypt and the European Free Trade Association (EFTA) on
liberalising trade in the field of processed agricultural goods kicked off in Geneva on Thursday.
During the meetings, Egypt and the EFTA will be negotiating the implementation of mutual customs
exemptions on processed agricultural goods, the Ministry of Trade and Industry said in a statement.
(Source: Ahram Online)

Egypt’s AOI establishes solar power plant in Uganda

Egypt-based Arab Organization for Industrialization (AOI) has established a solar power plant in
Tororo district in Uganda as part of Egypt’s keenness to support relations with its brother countries
in the Nile Basin area. In this regard, Lieutenant-General Abdel Moneim Al-Terras, head of the Arab
Organization for Industrialization, stressed the importance of implementing the directives of
President Abdel Fattah El-Sisi to enhance joint cooperation with the brothers in the Nile Basin
countries, and all the countries of the African continent in various fields of industrialization. He
added that AOI is putting all its manufacturing and technological capabilities to participate in the
various development projects taking place in the sisterly state of Uganda and all the countries of
the African continent. He pointed out that AOI supports renewable energy projects, through the
Egyptian Initiative for Development in the Nile Basin Countries. (Source: Egypt Today)

Al-Sisi asserts Egypt’s aspiration to enhance cooperation with Albania

President Abdel Fattah Al-Sisi asserted Egypt’s aspiration to expand the scope of cooperation with
Albania across several fields. Al-Sisi remarks came during his meeting with Albanian Prime Minister
Edi Rama in Cairo on Saturday. Rama stressed his country’s aspiration to advance bilateral
cooperation with Egypt in all fields, especially in light of Egypt’s tireless efforts to maintain
international peace and security, as well as the pivotal role played by Egypt at the regional level in
the Middle East and the Mediterranean Basin. The two sides discussed developing bilateral relations
between the two countries in addition to addressing aspects of economic cooperation and ways to
increase trade exchange and enhance mutual investments in various sectors. The meeting also
tackled coordination in combating terrorism and extremist ideology. (Source: Daily News Egypt)

Egypt, Albania sign three MoUs in cultural field, discuss operation of direct flights between
Cairo, Tirana
Egyptian Prime Minister Moustafa Madbouli and his Albanian counterpart Edi Rama held a meeting
on Saturday in Egypt, where both sides tackled the ways of enhancing the bilateral relations, said
the Egyptian cabinet in a statement. Albanian Prime Minister Edi Rama and his delegation are on
an official two-day visit to Cairo for signing a number of memoranda of understanding and
cooperation protocols in cultural fields. The two Prime Ministers witnessed a signing of three
cooperation documents: Executive Program for Cooperation between the Egyptian Ministry of
Culture and the Albanian Ministry of Culture; Protocol for Cooperation between the Egyptian
General Book Organization and the Albanian Ministry of Culture; a Memorandum of Understanding
for Cooperation in the Field of Museums between the Egyptian Supreme Council of Antiquities and
the Albanian National History Museum. (Source: Egypt Today)
 NAEEM NewsStand
24 October 2021
Agricultural Bank of Egypt aims to reach 35 million customers with its services: Farouk
Agricultural Bank of Egypt (ABE) Chairperson Alaa Farouk stated that the bank aims to build a
distinctive brand, change the old brand image, and reach out to new customers. This comes as part
of the bank’s expansion plans, which aim to make its banking and financing services reach nearly
35 million customers across the country. Farouk revealed that the bank has a plan to expand further
during the upcoming period to increase the number of branches in the villages of the Decent Life
initiative and remote areas across the country. By doing this, the bank aims to expand its customer
base and increase its market share. This is in line with the bank’s strategy which aims to become a
top financial inclusion bank, in implementation of the directives of the Central Bank of Egypt (CBE).
Also, ABE will continue to play its role as a primary supporter of agricultural activity to develop the
agricultural sector and raise its productive efficiency. Farouk pointed out that achieving financial
inclusion makes the development of branches and the establishment of new ones a necessity to
attract more customers from different segments to be part of the banking system under the
umbrella of the official economy. (Source: Daily News Egypt)

Egypt’s oil manufacturing factories production is down to 60% of their capacities – member
of food chamber in federation of Egyptian industries. (Source: Shorouk News)

Egypt reports 881 new coronavirus cases, 47 deaths on Saturday

Egypt reported 881 new coronavirus cases on Saturday, bringing the total infection tally officially to
323,733 since the outbreak began in February 2020, said the Health Ministry in its daily coronavirus
update statement. The health ministry also reported 47 new deaths that have raised the tally of
deaths from the virus to 18,242. As many as 649 patients have been discharged after recovering
from the virus, the statement added, raising the total number of recoveries to 273,145. (Source: Ahram
Online)

Premuim Cards International to launch a crowd finance product, called Gameya, in the
coming days. (Source: Almal Newspaper)

MountainView new contracted sales up 220% to EGP14bn in 9m21 compared to USD6.4bn in

9M20. (Source: Shorouk News)

Suez Canal Bank grants a loan worth EGP300m towards Kharafi National to finance
infrastructure
Sources close to the matter revealed that Kharafi national was granted a loan worth EGP300m by
Suez Canal Bank to finance infrastructure works undertaken by the company, in coordination with
the CBE initiative that aims at supporting construction sector activities at interest rate of 8%. The
initiative allocated EGP100bn at interest rate of 8% to support the sector. Earlier, SAIB signed a
syndicated medium term loan worth EGP1.2bn to Kharafi in participation of Export bank of Egypt
(EBE), Arab Investment bank (aiBANK), Al Baraka Bank–Egypt and Industrial Development bank to
develop infrastructure works of their projects. (Source: Shorouk News)
 NAEEM NewsStand
24 October 2021

CORPORATE NEWS
Franklin Templeton, EFG Hermes, Beltone Financial, T-Rowe Price, and Goldman Sachs are
the most prominent participants in the IPO of E-Finance with individual ownership not
exceeding 3% - Head of Investments at E-Finance. (Source: Almal Newspaper)

E-Finance awaits CBE’s requirements to get an electronic bank license

The chairman of E-Finance Group revealed that the company is awaiting the CBE’s requirements to
get the electronic bank license, pointing out that the company has the financial capability to get
such this license especially after the sacksful IPO at EGP5.8bn, of which EGP2.3bn capital increase.
He added that E-Finance hopes to do a dual listing in one of foreign exchanges to maximize the
shareholders’ value. E-Cards, a subsidiary of E-Finance is working to automate the ticket collection
system of the railway authority at a value of EGP500m. (Source: Almal Newspaper)

Heliopolis Company for Housing and Development reports net profit of EGP180.15m in FY21,
compared to EGP365.55m in FY20. (Source: EGX News)

Abu Dhabi Commercial Bank to launch its e-wallet by the end of October 2021. (Source: Almal
Newspaper)

Amer Group Holding purchases 11.3m treasury shares at 19th of October 2021’s trading
session. (Source: EGX News)

Stakeholder/ Ahmed Ayman Ahmed Abdel Moneim Hassan increases stake in Real Estate
Egyptian Consortium to 5.20% from 4.22%, after purchasing 3.94m shares at EGP5.47/share.
(Source: EGX News)

Al Ahli Capital, CIRA form Al Ahli-CIRA for educational services

Al Ahli Capital Holding, the investment arm of the National Bank of Egypt, and Cairo for Investment
and Real-estate development, formed a new entity under a name Al Ahli-CIRA for Educational
Services. The CEO of CIRA said that the shareholding structure, will be distributed at 51% for CIRA
and 49% for Al Ahli Capital, and the new entity will build the first in its kind university for applied
science and technology at EGP2bn. The new university will be built over 40 acres in Badr City, and
will include 60 educational majors, it is expected to start building the university in June 2022, and
to start trial operation in September 2023. (Source: Almal Newspaper)
 NAEEM NewsStand
24 October 2021

NAEEM FOCUS LIST

EV/EBITDA DY
Last Target PE (x) ROE (%)
Sectors Company Code Recom. (x) (%)
Price Price
20e 21f 20e 21f 20e 21f 21f
Arabian Cement (ARCC) ARCC 3.5 UR UR na na 8.6 7.4 na na na

Misr National Steel - Ataqa ATQA 1.6 4.65 BUY 3.0 4.3 2.0 2.6 42.1 22.3 na

Building El Sewedy Electric SWDY 8 10.00 ACCUM 8.2 5.6 3.6 2.5 12.4 16.7 0.1
Materials
Misr Beni-Suef Cement MBSC 27.3 UR UR na na 25.6 14.4 na na na

Misr Qena Cement (MCQE) MCQE 12.9 UR UR na na 13.1 8.7 na na na

Suez Cement (SUCE) SUCE na UR UR na na na na na na na

GB AUTO AUTO 4.2 5.89 BUY 8.9 4.9 13.4 9.2 8.7 13.2 na

Juhayna Food Industries JUFO 6.0 9.18 ACCUM 12.2 11.5 5.6 5.8 16.3 16.1 0.1
Obour Land For Food
Consumers OLFI 5.1 8.38 BUY 7.5 7.3 5.0 4.9 33.8 31.2 0.1
Industries
Eastern Company EAST 11.9 22.17 BUY 7.4 5.6 3.6 2.9 40.0 35.0 0.1
MM Group for Industry and
MTIE 6.4 11.10 BUY 11.8 12.5 6.9 7.3 15.6 12.0 na
International Trade
Abu Qir Fertilizers ABUK 19.7 30.00 BUY 11.0 8.5 7.8 5.5 33.2 37.2 0.1
Alexandria Mineral Oils
AMOC 4.1 4.34 BUY -11.0 21.4 -0.8 1.1 -25.3 11.5 0.0
(AMOC)
Egyptian Chemical Industries
EGCH 3.7 UR UR na 8.1 60.2 -1.8 -2.0 7.2 0.0
(KIMA)
Egyptian Financial and
EFIC 13.1 12.24 BUY 67.1 13.7 9.4 7.3 1.2 5.6 na
Chemicals and Industrial Co.
Fertilizers
Misr Chemical Industries Co. MICH 11.0 14.74 BUY 12.5 7.2 6.0 3.5 11.0 19.4 0.2

Misr Fertilizer Production Co. MFPC 100.0 86.20 BUY 13.2 10.9 3.8 3.6 11.4 13.3 0.1

Sidi Kerir Petrochemicals SKPC 9.6 11.20 HOLD 28.2 11.4 1.0 1.1 5.1 11.6 0.1

Paint and Chemical Industries PACH 20.7 25.70 BUY 14.8 10.9 10.2 7.3 7.5 9.7 0.1

Arabia Investments Holding AIH 0.4 UR BUY na na na na na na na

B Investments BINV 12.3 16.63 HOLD na na na na na na na

Financial
Egyptian Kuwait Holding EKHO 1.4 1.42 BUY 12.5 11.4 108.7 84.5 15.1 15.9 0.1
Services
BUY-
Qalaa Holdings CCAP 1.2 2.07 -10.2 -121.8 51.9 3.9 -1.6 -0.3 na
HIGH
Al Tawfeek Leasing ATLC 4.6 6.19 RISK
HOLD 5.3 5.1 28.8 28.8 24.5 24.7 0.1
Egyptian Resorts Company
EGTS 1.6 2.79 BUY na na na na na na na
"ERC"
Heliopolis Housing (HELI) HELI 4.6 9.58 BUY 0.3 0.2 8.0 15.6 28.6 17.9 na

Madinet Nasr (MNHD) MNHD 2.7 6.81 BUY 3.6 3.0 2.5 2.1 22.1 20.8 na

Real Estate Orascom Development

ORHD 5.0 7.96 BUY 18.5 5.7 9.5 4.5 12.1 31.0 na
(ORHD)

Palm Hills Developments PHDC 2.0 2.37 BUY 7.9 6.1 6.3 5.7 28.6 17.9 na

SODIC (OCDI) OCDI 18.5 21.52 BUY 11.9 9.7 7.4 4.7 11.4 14.4 na

Talaat Mostafa Group (TMGH) TMGH 7.3 10.56 BUY 13.2 12.3 5.1 4.6 3.6 3.8 na
Egyptian Pharmaceutical
PHAR 42.2 79.60 BUY 8.4 6.3 5.2 4.1 16.5 20.6 0.1
Company
 NAEEM NewsStand
24 October 2021

Healthcare & Ibnsina Pharma ISPH 3.2 7.67 BUY 17.0 10.8 6.9 5.6 17.4 22.7 na
Pharmaceutic
als Cleopatra Hospitals Group CLHO 4.3 6.96 BUY 31.8 23.8 15.6 9.8 10.4 12.2 na

Commercial International Bank

COMI 47.3 68.40 BUY 7.4 6.9 na na 20.7 20.4 0.0
- Egypt

Credit Agricole - Egypt CIEB 26.6 35.04 BUY 4.9 4.6 na na 23.7 24.1 0.1

Banks Abu Dhabi Islamic Bank -

ADIB 15.3 13.50 ACCUM 6.9 6.4 na na 26.5 24.3 na
Egypt

Housing and Development

HDBK 39.3 41.88 Hold 4.2 4.0 na na 21.0 17.4 0.0
Bank

Telecoms Telecom Egypt "TE" ETEL 13.7 19.10 BUY 7.4 6.4 5.3 4.8 8.8 9.5 0.0
- UR=Under Review
 NAEEM NewsStand
24 October 2021

DAILY AGENDA
Sat 23 October 2021 Wed 27 October 2021 Thu 28 October 2021

MILS: To hold OGM

NCIN: To hold OGM ZEOT: To hold OGM
BTFH: To hold OGM

Sun 31 October 2021 Mon 1 November 2021

CEFM: To hold OGM

ACGC: To hold OGM NRPD: The court hearing session of
GRCA: To hold OGM lawsuit no. 118/2021 filled by the
company against MidBank

GLOBAL DEPOSITORY RECEIPTS "GDRS"

Previous Local Diff.
London Conversion Last Price Change GDR/Local
Company name Close Price
Bb Code Ratio (USD) (%)
(USD) (EGP) (%)
2.9 -2.2 47.3 -3.1
Commercial International Bank "CIB" -Egypt CBKD LI 1011 3.0
1.6 0.0 12.3 1.9
EFG - Hermes Holding EFGD LI 1041 1.6
3.7 0.0 13.7 -15.0
Telecom Egypt "TE" TEEG LI 10.1 3.7
0.03 0.0 0.3 -67.6
Orascom Telecom Holding "OTH" OIH LI 10.1 0.03

Source: Bloomberg
 NAEEM NewsStand
24 October 2021

DIVIDEND TABLE
Cash
Company name Ticker Stock div. Record date Distribution date Dividend yield (%)
div./share

Misr Chemical Industries MICH EGP0.50 - na 28 October 2021 4.5%

Misr Cement Qena MCQE EGP0.25 - 26 October 2021 31 October 2021 1.9%

International Company for Leasing ICLE EGP0.50 - 27 October 2021 01 November 2021 6.6%

Sidi Kerir Petrochemicals SKPC - 0.2:1 01 November 2021 02 November 2021 na

Misr Chemical Industries MICH EGP0.50 - na 30 December 2021 4.5%

Abu Qir Fertilizers ABUK EGP1.00 - 17 October 2021 30 December 2021 5.1%

Madinat Nasr for Housing and Development MNHD EGP0.30 - 28 April 2021 31 October 2021 11.3%

Misr Fertilizers Production Co – Mopco MFPC EGP3.50 - 25 April 2021 31 December 2021 3.5%
 NAEEM NewsStand
24 October 2021

INSIDER TRADING
Insider Trading Executions: Trading Sessions 19th of October 2021
Company Name Ticker Position Type of Trans. Volume

Mansourah Poultry MPCO Board of Directors Buy 250,000

Mansourah Poultry MPCO related parties Buy 2,294,300

Pioneers Properties for Urban Development ASPI Board of Directors Buy 142,000

Middle Egypt Flour Mills CEFM Board of Directors Buy 2,000

El Ahram Co. For Printing And Packing EPPK Board of Directors Buy 25,000

Extracted Oils ZEOT Major Shareholder Buy 225,000

El Arabia Engineering Industries EEII Board of Directors Sell 1,149,000

Gadwa for Industrial Development GDWA Board of Directors Buy 61,800

Egyptian Transport (EGYTRANS) ETRS Board of Directors Buy 73,981

Egyptian Real Estate Group AREH Board of Directors Buy 1,357,000

Egyptian Real Estate Group AREH Board of Directors Buy 7,161,000

Egyptian Real Estate Group AREH Board of Directors Sell 6,500,000

Sharm Dreams Co. for Tourism Investment SDTI Board of Directors Buy 150,000

Golden Coast Company GOCO Related Parties Sell 1,385,600

Nozha International Hospital NINH Major Shareholder Buy 13,800

Arab Co. for Asset Management And Development ACAMD Related Parties Sell 325,000

Arab Co. for Asset Management And Development ACAMD Board of Directors Sell 830,000

Arab Co. for Asset Management And Development ACAMD Board of Directors Sell 715,000

Arab Co. for Asset Management And Development ACAMD Board of Directors Sell 1,375,000
 NAEEM NewsStand
24 October 2021

EGX 100 CONSTITUENTS: 20th of October 2021

M. Cap Free Last Return (%) 52 Weeks H
Turnover Volume Yield
Sector/Company Name Ticker Float Cur. Price
(EGPm) (%) (EGP) Daily YTD (EGP'000) (000) High Low PE (%)

Construction & Building Materials

Arabian Cement Company ARCC 1,310 na EGP 3.5 1.5 7.8 3,634 1,067 6.2 2.6 nm na

Giza General Contracting & Real Estate Inves GGCC 565 7 EGP 0.4 -5.4 -23.4 1,665 4,297 1.0 0.3 14.0 na

South Valley Cement SVCE 818 62 EGP 1.7 -0.3 0.2 1,513 915 2.8 1.3 nm na

The Arab Ceramic Co.-Ceramica Remas CERA ۞ 665 58 EGP 3.7 -5.6 64.4 10,631 2,926 9.5 2.1 10.4 3.9

Pachin PACH 497 na EGP 20.7 -3.5 11.2 3,132 153 29.7 15.4 nm 2.4

Suez Cement SUCE 2,722 50 EGP na P P na 0 P P nm na

Al Ezz for Ceramics and Porcelain ECAP 547 36 EGP 10.3 -1.4 -23.8 538 53 20.7 8.7 9.3 9.3

Egyptian for Developing Building Materials EDBM 338 na EGP 0.6 -19.9 -9.2 61,335 100,621 1.0 0.4 nm na

Basic Resources
Al Ezz Steel Rebars ESRS 8,687 34 EGP 16.0 3.2 49.0 24,908 1,575 16.3 6.3 27.5 na

Asek Company for Mining ASCM 243 20 EGP 8.1 -13.3 16.6 2,656 333 14.5 5.8 nm na

Rakta Paper Manufacturing RAKT 1,900 6 EGP 1.6 0.6 28.9 4,314 2,810 2.0 0.8 26.7 na

Misr National Steel SAE ATQA 459 26 EGP 8.3 -2.8 16.0 3,119 384 13.0 6.1 nm na
Egypt Aluminum EGAL 12,086 11 EGP 29.3 -2.6 158.6 9,261 323 31.6 10.4 nm na
Al Ezz Dekheila Steel – Alexandria IRAX 9,443 34 EGP 484.0 7.5 41.7 3,534 7 485.0 260.0 nm na
Egyptian Iron & Steel Co IRON ۞ 1,459 8 EGP 1.5 0.3 -54.2 1,015 697 3.9 1.4 2.3 na

Housing & Real Estate & Tourism ۞

TMG Holding TMGH 14,981 49 EGP 7.3 -1.2 10.5 6,245 856 7.9 5.4 8.2 1.0

El Wadi Co. For Touristic Investment ELWA ۞ 171 na EGP 0.9 -7.8 -45.7 9,260 9,726 15.6 0.8 32.7 na

Palm Hills Development Co. PHDC 6,052 48 EGP 2.0 -0.8 44.0 2,213 1,136 2.1 1.2 6.7 5.1

Heliopolis Housing and Development HELI 6,195 56 EGP 4.6 -3.3 -23.9 4,669 1,000 7.2 4.3 nm 1.1

Medinet Nasr Housing MNHD 3,984 na EGP 2.7 -0.4 -27.6 10,891 4,096 4.0 2.6 6.1 5.4

Emaar Misr for Development EMFD 10,599 61 EGP 2.3 -1.7 -1.3 2,965 1,269 2.8 2.1 5.0 na

Six of October Dev. and Invest. “SODIC” OCDI ۞ 6,575 39 EGP 18.5 -0.3 24.4 1,818 99 19.3 10.9 6.7 3.0

Remco for Touristic Villages Construction RTVC 708 24 EGP 2.9 -4.7 -11.4 2,323 820 4.9 2.5 nm na

El Shams Housing & Urbanization ELSH 1,505 27 EGP 8.3 -5.6 71.3 26,160 3,388 21.3 3.7 11.6 1.2

Elsaeed Contracting& Real Estate UEGC 507 50 EGP 0.7 -3.9 -20.9 2,812 4,203 1.2 0.6 nm na

Cairo Investment and Real Estate Develop. CIRA 6,784 66 EGP 11.6 -3.0 -20.5 7,038 604 15.8 10.7 35.6 1.5

Development and Engineering Consultants DAPH 629 61 EGP 35.3 3.9 106.3 12,733 365 57.9 12.6 21.3 na

Golden Coast Company GOCO 116 na EGP 0.7 -6.5 -46.7 5,044 7,539 2.3 0.2 34.8 na

Mena Touristic & Real Estate Investment MENA 209 65 EGP 1.3 -8.1 -10.1 4,984 4,055 2.2 0.8 nm na

Orascom Hotels & Development ORHD 5,652 25 EGP 5.0 1.2 2.0 9,558 1,971 6.2 3.3 5.3 na
Egyptian Resorts EGTS 1,722 61 EGP 1.6 -2.1 16.4 4,183 2,596 2.8 1.2 nm na
Porto Group Holding PORT 0 0 0 0.6 -3.0 -23.7 11,474 0 0.0 0.0 0.0 0.0

Arab Real Estate Investment RREI 181 32 EGP 0.7 2.4 -19.2 1,042 1,438 1.8 0.7 19.9 na

Arab Co. for Asset Management And Dev. ACAMD 636 61 EGP 0.5 -2.8 -55.1 3,982 8,456 1.4 0.4 nm na

Banking
Commercial Int'l Bank - Egypt “CIB” COMI 93,094 99 EGP 47.3 -0.5 6.4 189,497 4,003 50.3 36.5 9.2 na

Abu Dhabi Islamic Bank- Egypt ADIB 3,054 na EGP 15.3 1.4 27.8 11,735 784 19.0 10.0 2.3 na
Credit Agricole Egypt CIEB 8,267 32 EGP 26.6 -0.4 -8.4 2,581 97 30.5 21.1 5.8 na
Housing & Development Bank HDBK 5,966 27 EGP 39.3 0.7 20.6 2,705 69 42.0 25.0 nm na
 NAEEM NewsStand
24 October 2021
۞ Denotes that a stock is a member of the NISE25 index

M. Cap Free Last Return (%) 52 Weeks H

Turnover Volume Yield
Sector/Company Name Ticker Float Cur. Price
(EGPm) (%) (EGP) Daily YTD (EGP'000) (000) High Low PE (%)

Qatar National Bank Al Ahli QNBA ۞ 35,016 5 EGP 16.3 0.0 -9.6 19 1 19.0 14.8 11.9 na

Export Development Bank EXPA 2,999 na EGP 9.2 -1.5 -23.2 1,643 179 14.6 9.0 4.6 na
Egyptian Gulf Bank EGBE 2,768 5 USD 0.4 0.0 -7.9 1 4 0.5 0.4 nm na
Faisal Islamic Bank of Egypt – USD FAITA 8,030 na USD 1.0 -0.8 14.0 455 451 1.1 0.7 4.4 na

Non-Banking Financial Services ۞

EFG-Hermes Holding Company HRHO 11,372 91 EGP 12.3 -0.2 1.1 15,107 1,235 13.4 9.9 7.2 na

Egypt Kuwait Holding EKHO 25,354 69 USD 1.4 1.0 48.8 1,080 789 1.4 0.9 13.4 na

Belton Financial Holding BTFH 771 25 EGP 1.7 -1.3 -32.5 5,927 3,532 4.5 1.5 nm na

Pioneers Holding PIOH na na EGP na P P na 0 P P nm na

Arabia Inv., Dev., Fin. Inv. Holding Co. AIND 542 35 EGP 0.4 -1.7 -37.1 6,896 17,369 0.8 0.4 5.1 na

Sarwa Capital Holding for Financial Invest. SRWA ۞ na 61 EGP na P P na 0 P P nm na

Al Ahly for Dev. and Investment AFDI ۞ 308 47 EGP 17.1 -6.7 -7.7 5,172 314 33.8 13.0 32.3 na

Qalaa Holding CCAP 3,736 63 EGP 1.2 -0.5 -15.2 6,059 5,059 1.6 1.1 nm na

Arab Moltaqa Investments AMIA 834 18 EGP 2.8 -4.5 72.6 7,942 2,981 6.7 1.4 10.9 1.8

Arafa for Investment and Conaultancies AIVC 828 38 USD 0.1 0.0 7.1 5 43 0.1 0.1 nm na

Orascom Conatruction Ltd ORAS 8,541 na EGP 73.2 1.2 -12.7 1,629 22 102.8 66.0 5.3 5.0

Naeem Holding NAHO ۞ 1,427 48 USD 0.2 -1.6 36.9 183 758 0.3 0.1 nm na

CI Capital Holding CICH 4,020 8 EGP 4.0 1.0 0.8 6,396 1,609 5.6 3.0 8.5 1.2

Amer Holding Group AMER 1,084 50 EGP 1.1 -0.4 -6.6 18,503 17,205 1.4 0.6 16.4 na

BPE Holding For Financial Investments BINV 1,965 61 EGP 12.3 1.9 12.1 1,225 104 18.7 10.0 8.4 10.2

Personal and Household Products

Oriental Weavers ORWE 5,587 78 EGP 8.4 0.4 22.6 5,264 628 9.4 5.5 4.3 11.9

El Nasr Clothing and Textiles KABO ۞ 451 29 EGP 1.0 -3.0 -27.8 507 527 1.7 0.8 nm na

Arab Cotton Ginning ACGC 444 85 EGP 1.7 -1.1 -48.9 3,953 2,395 3.5 1.5 nm na

Eastern Tobacco EAST 26,798 43 EGP 11.9 -0.8 -8.7 8,852 738 15.4 10.2 6.2 16.8

Telecommunication & Technology

Telecom Egypt ETEL ۞ 23,455 46 EGP 13.7 0.3 15.2 2,818 206 15.4 10.1 4.0 5.5

Global Telecom Holding GTHE 31,820 41 EGP na P P 21 3 P P nm na

Orascom Investment Holding OIH 1,322 38 EGP 0.3 0.8 33.6 7,047 28,362 0.3 0.2 nm na

Egyptian Satellites Co SAE EGSA 2,667 44 USD 4.3 0.0 -1.8 0 0 4.7 3.9 5.5 10.5

Raya Holding Co RAYA 5,210 17 EGP 2.4 0.8 231.5 1,486 629 3.8 0.6 4.0 na
Raya Contact Center RACC 784 61 EGP 3.5 2.3 6.7 15,958 4,650 5.6 2.8 38.6 na

Fertilizers and Chemicals

Egyptian Chemical Industries EGCH 3,259 14 EGP 3.7 -1.4 -9.9 776 215 5.0 3.0 nm na

Egyptian Financial and Industrial EFIC ۞ 955 64 EGP 13.1 0.5 11.0 1,709 132 15.9 8.9 5.9 1.9

Sidi Kerir Petrochemicals SKPC 5,035 35 EGP 9.6 -0.1 3.0 13,713 1,442 13.1 6.8 16.7 na

Abu Qir Fertilizers ABUK 24,859 62 EGP 19.7 -1.0 -4.7 8,088 409 24.2 16.3 8.5 5.6

Misr Fertilizers Production Co SAE MFPC 22,912 61 EGP 100.0 5.8 70.2 10,941 111 102.0 42.5 6.6 3.5

Oil & Gas

Alexandria Mineral Oils Company AMOC 5,256 51 EGP 4.1 0.5 30.4 12,600 3,150 4.2 2.3 12.2 3.7

GMC GMCI ۞ 75 91 EGP 1.8 0.0 81.8 152 89 2.0 0.8 nm na

۞ Denotes that a stock is a member of the NISE25 index
 NAEEM NewsStand
24 October 2021

M. Cap Free Last Return (%) 52 Weeks H

Turnover Volume Yield
Sector/Company Name Ticker Float Cur. Price
(EGPm) (%) (EGP) Daily YTD (EGP'000) (000) High Low PE (%)

Industrial Goods & Services and Automobiles

El Sewedy Cables SWDY 18,478 43 EGP 8.5 -1.7 -13.8 49,140 5,806 10.7 7.0 5.0 4.7

Canal Shipping Agencies CSAG 3,246 82 EGP 16.2 -2.4 13.1 1,280 79 21.2 8.6 16.2 17.0

United Arab Shipping UASG 205 49 EGP 1.0 -4.2 -7.2 7,136 7,348 1.6 0.7 nm na

Maridive and oil services MOIL 1,235 46 USD 0.2 0.0 -7.6 16 101 0.2 0.1 nm na

Egyptian Transport “Egytrans” ETRS 406 32 EGP 13.0 0.0 26.5 1,594 125 19.5 9.0 41.1 2.9

El Ahram for Printing and Packing EPPK ۞ 84 12 EGP 10.1 -2.2 -0.5 760 76 21.8 9.2 nm na

Alexandria Container and Cargo Handling Co ALCN 12,037 19 EGP 8.1 -1.3 -1.7 4,780 595 11.2 5.8 8.5 9.6

Industrial Engin. Co. for Const. & Develop. ENGC 740 na EGP 6.1 1.0 -9.9 1,036 172 10.7 4.8 nm 4.1

GB Auto AUTO 4,628 na EGP 4.2 -2.8 27.4 17,884 4,222 4.5 2.5 3.5 5.9
Food and beverage
Juhayna Food Industries JUFO 5,601 50 EGP 6.0 2.6 0.3 13,116 2,250 7.3 4.0 13.1 na

Atlas For Investment and Food Industries AIFI ۞ na na EGP na P P na 0 P P nm na

Ismailia Misr Poultry ISMA 651 45 EGP 7.3 -4.5 -20.9 18,540 2,683 15.4 3.4 nm na

Egyptian Starch and Glucose ESGI 326 34 EGP na P -20.2 5 1 10.7 0.2 nm na

International Agricultural Products IFAP 252 28 EGP 3.0 -4.5 -18.7 1,840 626 5.4 2.6 11.9 na

Extracted Oils and its Derivatives ZEOT 461 36 EGP 1.9 -1.5 9.8 2,427 1,339 2.6 1.4 nm 3.2

Ajwa Group AJWA 381 22 EGP 19.0 -8.3 28.2 4,030 217 41.2 10.1 47.5 na

Cairo For Oils And Soaps COSG ۞ 2,726 29 EGP 7.0 -3.1 62.2 3,096 443 8.0 3.4 nm na

Arabian Food Industries Co DOMT 1,156 61 EGP 4.1 1.7 -20.1 1,928 477 6.0 3.7 25.8 4.9

Cairo Poultry POUL 1,475 51 EGP 3.1 -1.6 -1.9 6,453 2,126 4.6 2.5 14.0 5.2

Ismailia National Food Industries INFI 324 32 EGP 27.0 -15.3 17.0 542 21 42.9 18.1 25.0 na

Obour Land for Food Industries OLFI 2,044 61 EGP 5.1 0.4 -9.9 4,324 846 8.2 5.0 7.4 11.7
El Nasr for Manufacturing Agricultural Crops ELNA 192 26 EGP 24.4 -5.9 -23.2 398 16 46.6 23.3 nm na
Healthcare and Pharmaceuticals
Ibnsina Pharma ISPH 3,101 61 EGP 3.2 -3.0 -36.5 11,219 3,524 6.5 3.0 16.5 na

Cleopatra Hospital Co CLHO 6,864 61 EGP 4.3 0.9 -9.9 3,712 877 5.6 3.7 21.3 na

Miscellaneous
Egyptian Media Production City MPRC 963 55 EGP 5.1 -4.7 -23.3 2,407 489 8.0 4.4 nm na
MM Group For Industry And Int’l Trade MTIE 6,207 61 EGP 6.4 -4.3 2.4 20,888 3,244 10.4 5.7 20.0 na

۞ Denotes that a stock is a member of the NISE25 index

 NAEEM NewsStand
24 October 2021
Disclosure Appendix
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Rating Upside/Downside potential Rating distribution as of 24 October 2021

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ACCUM. >10% to 20% 11%
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REDUCE <-10% to -20% 4%
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