Korra Energy Tops EGX Trading in September With EGP 14.2 Billion Turnover

Korra for Energy Projects and Investment emerged as the most actively traded stock on the Egyptian Exchange’s main market by value in September 2026, overtaking heavyweight Commercial International Bank as trading activity in the energy company surged during a month marked by major capital decisions.

Korra recorded EGP 14.19 billion in trading value, excluding block trades, through approximately 2.28 billion shares, giving it a 5.8% share of main-market turnover during the month.

Commercial International Bank – Egypt, traditionally one of the exchange’s most actively traded blue-chip stocks, ranked second with EGP 12.43 billion in turnover from 92.66 million shares.

The ranking is notable not simply because Korra topped the market, but because its September trading activity coincided with shareholder approval for a major capital increase that could almost double the company’s issued and paid-up capital.

Korra Overtakes CIB as Trading Activity Accelerates

Korra’s EGP 14.19 billion turnover put it around EGP 1.76 billion ahead of CIB during September.

Egyptian Financial & Industrial Company ranked third with EGP 7.03 billion in turnover, followed by Telecom Egypt at EGP 6.32 billion and Talaat Moustafa Group Holding at EGP 5.92 billion.

Alexandria Medical Services – New Medical Center came sixth with EGP 5.89 billion, while Crestmark Contracting and Real Estate Development ranked seventh at EGP 5.80 billion.

Orascom Construction followed with EGP 5.58 billion, while South Valley Cement and Mansoura Poultry completed the top 10 with EGP 4.01 billion and EGP 3.95 billion respectively.

The composition of the ranking shows that September’s most heavily traded shares extended well beyond the exchange’s traditional large-cap names, with several smaller companies generating exceptionally high trading volumes.

Capital Increase Put Korra in the Spotlight

Korra’s rise to the top of the September trading table came during an unusually active month for the company.

On September 14, its extraordinary general meeting approved an increase in issued and paid-up capital from EGP 450 million to EGP 855 million, adding EGP 405 million.

The increase is to be financed through a cash rights issue for existing shareholders, with investors entitled to subscribe for 0.90 new share for every existing share.

The nominal value is EGP 0.20 per share, in addition to EGP 0.005 in issuance expenses.

Once completed, the capital increase would take the company’s total number of shares to 4.275 billion.

Shareholders also approved increasing authorized capital from EGP 2.25 billion to EGP 4.25 billion.

These corporate actions provide important context for the unusually heavy trading activity surrounding the stock during September.

Trading Surge Comes Despite Lower First-Half Profit

The increased market activity also contrasts with Korra’s latest financial performance.

The company reported consolidated net profit after tax of approximately EGP 139.1 million in the first half of 2026, down about 31% from EGP 201 million during the corresponding period of 2025.

Revenue also declined to approximately EGP 3.73 billion, compared with EGP 4 billion a year earlier.

The combination of lower first-half earnings, a large rights issue and unusually high secondary-market trading made September an important month for the stock.

Trading activity alone does not indicate whether investors are positive or negative about a company, but the figures show that Korra became one of the Egyptian market’s main centers of investor activity during the month.

Telecom Egypt and TMG Remain Among Most Traded Blue Chips

Beyond Korra and CIB, September’s ranking also highlighted continued investor activity in some of Egypt’s largest listed companies.

Telecom Egypt generated EGP 6.32 billion in turnover from 49.01 million shares, securing fourth place, while Talaat Moustafa Group recorded EGP 5.92 billion from 62.20 million shares.

Orascom Construction ranked eighth with EGP 5.58 billion in turnover from only 6.53 million shares, reflecting the considerably higher per-share value of the stock compared with many other companies in the ranking.

Further down the list, Abu Qir Fertilizers and Chemical Industries ranked 11th with EGP 3.71 billion, while Misr Fertilizers Production Company – MOPCO ranked 14th at EGP 3.42 billion.

September’s 20 Most Traded Stocks

The top 20 stocks by trading value on the EGX main market, excluding block trades, were led by Korra Energy at EGP 14.19 billion, followed by CIB at EGP 12.43 billion and Egyptian Financial & Industrial at EGP 7.03 billion.

They were followed by Telecom Egypt, Talaat Moustafa Group, Alexandria Medical Services, Crestmark, Orascom Construction, South Valley Cement and Mansoura Poultry.

The second half of the top 20 included Abu Qir Fertilizers, Zahraa Maadi Investment and Development, Orascom Development Egypt, MOPCO, Alexandria Mineral Oils Company, Heliopolis Company for Housing and Development, Golden Textiles & Clothes Wool, Arab Ceramic Company – Ceramica Remas, Palm Hills Developments and Sidi Kerir Petrochemicals.

Several of those stocks recorded significant price movements during the month. Abu Qir Fertilizers rose 85.78%, while Golden Textiles & Clothes Wool declined 37.15%, based on the monthly market data.

The figures underline the distinction between trading activity and share-price performance: a stock can attract exceptionally high turnover while rising or falling sharply, and high trading value on its own should not be interpreted as evidence of positive investment performance.

For Korra, however, September represented a clear change in its position on the exchange. A company that ranked fourth by trading value in June moved ahead of CIB to become the main market’s most heavily traded stock by value in September, just as shareholders approved one of the most significant capital increases in its recent history.