53,265.16EGX 30 · Wednesday, Oct. 7 close · −0.06%

DailyDrop.

52.34USD/EGP · National Bank of Egypt (buy) · last rate before the holiday
© 2026 DailyDropNo. 4
EGYPTArgentina editionAustralia editionAustria editionBelgium editionBrazil editionCanada editionChile editionColombia editionEgypt editionFrance editionGermany editionHong Kong editionIndia editionIndonesia editionIreland editionIsrael editionItaly editionJapan editionKenya editionKorea editionMalaysia editionMexico editionNetherlands editionNew Zealand editionNigeria editionPakistan editionPeru editionPhilippines editionPoland editionPortugal editionSaudi Arabia editionSingapore editionSouth Africa editionSpain editionSwitzerland editionTaiwan editionThailand editionTürkiye editionU.K. editionU.S. editionUkraine editionUnited Arab Emirates editionVietnam editionAll editions →
, THU., OCT. 8, 2026No. 4 · Morning, 6:00 a.m. EET6 a.m. EET
EGX3053,265.16▼0.06%10/7USD/EGP52.34▲0.13%10/7S&P 5007,801.77▼0.22%10/7WTI$88.28▼1.30%10/7Gold$4,140.70▼1.11%10/7
Markets · OfferingsPress ✓ 4 outlets · offer terms attributed to the company’s disclosure

MNT-Halan opens subscription in the Egyptian Exchange’s biggest offering since 2021, at EGP 24.5 a share

The company is offering 320 million shares, 20% of its capital, and public subscription runs from October 7 to 15. The listing and trading date has not yet been set.

The fintech company MNT-Halan opened the subscription on Wednesday, October 7, for its public offering on the Egyptian Exchange, according to Arab Finance, Arab News, Enterprise and Rio Times. The company is offering 320 million shares at EGP 24.5 a share, according to an exchange disclosure relayed by the reports. That is 20% of its share capital of 1.6 billion shares and about EGP 7.84 billion in total by our calculation. Arab News said the value is about $149 million and that it is the largest offering in Egypt since 2021.

Public subscription runs until October 15 and private subscription until October 13, and reports put the fair value of the share at EGP 25.92. The shares will trade under the symbol HALN.CA, and listing is expected before the end of October according to one report, and after regulatory approvals. Enterprise said Commercial International Bank had pledged to buy shares of up to EGP 2 billion in the offering. Local media reports conflict over the size of early demand, and there is no official figure.

The offering matters because it tests investor appetite after a run of falling sessions, and because it is one of the few live ones in the region, according to Enterprise, which called it the only live offering while Gulf offering pipelines are frozen. In DailyDrop’s reading, the actual size of the subscription will be known after October 15. This is not a recommendation to subscribe, and readers should read the subscription prospectus.

Open the story and DailyDrop’s take
By the numbers
24.5EGP, offer price per share
20%share of capital on offer
15October: last day of public subscription
Markets · Egyptian ExchangePress ✓ 2 sources · one of the two gives a figure that contradicts its own arithmetic

Main stock index slips 0.06% in the last session before the Thursday holiday

The EGX 30 closed Wednesday’s session, October 7, down 0.06% at 53,265.16 points according to Arab Finance. Masrawy said the index fell 0.06%, alone among the indices, but it wrote a level of 53,298, which matches Tuesday’s close; that is most likely an editorial error, because 0.06% of 53,298.14 gives about 53,266.

Egyptians were net buyers of EGP 281.5 million and foreigners net sellers of EGP 214.4 million, and the shares of Ismailia National Food Industries (Fodico) fell about 3.63% to EGP 129.14, according to Masrawy. It was the fourth session of the week, after a 1.61% rise on Sunday and falls of 0.66% on Monday and 0.48% on Tuesday.

Open the story
Word of the day
Net sellingMarkets

When an investor’s sales exceed its purchases; foreigners sold a net EGP 214.4 million on Wednesday.

Egypt · HolidaysPress ✓ 3 outlets · reports attributed to the announced decisions

Today, Thursday, is an official holiday: banks and the exchange are closed, and trading resumes Sunday, October 11

Today, Thursday, October 8, is an official holiday for Armed Forces Day, according to Ahram Online, Egypt Today and Arab Finance. Banks operating in Egypt are closed and reopen on Sunday, October 11, and the exchange resumes trading the same day. Private-sector employees get a paid day off, according to the labour minister.

We remind readers that today is not a banking day, and that the exchange rates published today are the last rates before the holiday. This is not new in itself, but it is what matters to readers in practice today. Friday and Saturday are the usual weekend, so the pause runs on until Sunday.

Open the story
Currencies · The poundOne source for the figure: Al Mal News · stable rates according to Al-Youm Al-Sabea

Dollar rises 7 piastres to EGP 52.34 buy at National Bank of Egypt before the holiday

Al Mal News reported that the dollar rate at National Bank of Egypt stood at EGP 52.34 buy and 52.44 sell on Thursday, up 7 piastres from the previous rate, and that rates remained at the last level before the holiday. The buy rate had been EGP 52.27 at the bank since Sunday, and Al-Youm Al-Sabea reported stable rates at dawn on Wednesday.

The move is small, and we do not tie it to any particular event. No new rates are published today because banks are closed.

Open the story
Markets · GlobalClosing data · figures from market reports

Wall Street dips and oil and gold lose ground in Wednesday’s close

The S&P 500 closed on Wednesday, October 7, at 7,801.77 points, down 0.22%, after three rising sessions. West Texas Intermediate fell 1.30% to $88.28, and gold lost 1.11% to $4,140.7 an ounce.

The effect of global markets on the Egyptian reader is indirect: the pound is affected by foreign investors’ flows, and the energy bill by the price of crude. We found nothing in the closing data alone that explains the move, and explanations of causes are guesswork.

Open the story
In brief
  • Masrawy’s report on Wednesday’s close contains conflicting figures, and arithmetic favours roughly 53,266Masrawy, Arab Finance
  • The fair value of MNT-Halan’s share is EGP 25.92 according to a disclosure relayed by the reportsArab Finance
  • Private subscription in MNT-Halan runs from October 7 to 13 and public subscription to the 15thArab Finance
  • MNT-Halan has agreed to trade its shares under the symbol HALN.CAEnterprise
  • Subscription opens in an offering of 320 million shares representing 20% of capitalArab News
  • Banks and the exchange are closed today and return on Sunday, October 11Ahram Online
  • The S&P 500 falls to 7,801.77 and West Texas Intermediate to $88.28Closing data
Seven minutes every morning, one front page

Unverified — what we could not confirm

“Imminent cabinet reshuffle after eight years for Mostafa Madbouly.” Articles attributed to Ahram Online are circulating saying the prime minister may be tasked with a cabinet reshuffle on reaching eight years in office. We found no official announcement by the presidency or the government of a reshuffle or of its timing.
Glossary · dotted words — economic, security and political terms explained in the context of the story. The list grows every day.
INSIDEMNT-Halan opens subscription in the Egyptian Exchange’s biggest offering since 2021, at EGP 24.5 a shareMarkets · OfferingsMain stock index slips 0.06% in the last session before the Thursday holidayMarkets · Egyptian ExchangeToday, Thursday, is an official holiday: banks and the exchange are closed, and trading resumes Sunday, October 11Egypt · HolidaysDollar rises 7 piastres to EGP 52.34 buy at National Bank of Egypt before the holidayCurrencies · The poundWall Street dips and oil and gold lose ground in Wednesday’s closeMarkets · Global