The Federal Reserve has made the following decisions to implement the monetary policy stance
announced by the Federal Open Market Committee in its statement on September 16, 2026:
• The Board of Governors of the Federal Reserve System voted unanimously to raise the
interest rate paid on reserve balances to 3.90 percent, effective September 17, 2026.
• As part of its policy decision, the Federal Open Market Committee voted to direct the Open
Market Desk at the Federal Reserve Bank of New York, until instructed otherwise, to
execute transactions in the System Open Market Account in accordance with the following
domestic policy directive:
"Effective September 17, 2026, the Federal Open Market Committee directs the Desk to:
o Undertake open market operations as necessary to maintain the federal funds rate
in a target range of 3-3/4 to 4 percent.
o Conduct standing overnight repurchase agreement operations at a rate of
4.0 percent.
o Conduct standing overnight reverse repurchase agreement operations at an
offering rate of 3.75 percent and with a per-counterparty limit of $160 billion per
day.
o When appropriate, increase the System Open Market Account holdings of
securities through purchases of Treasury bills and, if needed, other Treasury
securities with remaining maturities of 3 years or less to maintain an ample level
of reserves.
o Roll over at auction all principal payments from the Federal Reserve's holdings of
Treasury securities. Reinvest all principal payments from the Federal Reserve's
holdings of agency securities into Treasury bills."

Trading Economics-


The Fed unanimously raised the target range for the federal funds rate by 25bps to 3.75%-4.00% in September 2026 as expected, marking the first rate hike since 2023. Policymakers noted that inflation remains elevated, and the move aims to support a more timely return to the 2% target. Updated projections also showed that a strong majority of officials think another hike is possible later this year. Meanwhile, the GDP is seen expanding at a slightly faster pace in 2026 (2.3% vs 2.2% in the June projection) and 2027 (2.4% vs 2.3%). PCE inflation is seen higher this year (3.7% vs 3.6%) but the forecast for 2027 was kept at 2.3%. Core inflation is also seen up in 2026 (3.4% vs 3.3%) but the forecast was left at 2.5% for 2027. The unemployment rate is now projected at 4.1% in both 2026 and 2027, down from the previous forecast of 4.3% for both years.

According to the letter received from the MCDR on 15/09/2026 by the periodical partial redemption (installment no. 16) for the listed bonds of EFG Hermes Securitization The Third Issuance - Third Program Tranche C November 2029 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 126,021,000.00 distributed over 1,784,250 bonds at a par value of EGP 70.62967. These modifications will be applied to EGX database effective 17/09/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a fixed Rate 16.10 % paid Monthly.
ISIN Code: EGB69561S326

The EGX Membership Committee decided on 16/09/2026 decision No. (80) of 2026 Approving Prime Securities Brokerage to deal in Government Securities and Financial Instruments in the Secondary Market - code no. (1109) - as the company has fulfilled all the requirements of the Egyptian Exchange's membership rules.

The Membership Committee at EGX decided on 16/09/2026 decision no. (79) of 2026 approving for Sigma Securities and Bonds Brokerage - to deal in Forward Contracts (Derivatives), according to FRA Chairman's decision of no. (2063) of 2026 issued on 06/07/2026 and the company's fulfillment of all the requirements of the membership rules of the Egyptian Exchange.

The Membership Committee at EGX decided on 16/09/2026 decision no. (77) of 2026 accepting the registration of Beltone Asset Management in the Membership Registry of the Egyptian Exchange in accordance with the Membership Rules.

The Membership Committee at EGX decided on 16/09/2026 decision no. (78) of 2026 accepting the registration of Hermes Portfolio and Fund Management in the Membership Registry of the Egyptian Exchange in accordance with the Membership Rules.

The banking sector index of the Egyptian Exchange (EGX) concluded Wednesday's trading session with a 1.86% rise, closing at the 5,768-point level.

At the close of today's session, the banking sector recorded trading values ​​of approximately EGP 548.170 million, accounting for 5.48% of the exchange's total trading value.

The sector also saw the trading of approximately 6.189 million shares, representing 0.20% of the total volume of shares traded on the exchange today.

Egyptian Exchange indices showed mixed performance at the close of Wednesday's session; the benchmark EGX30 index declined by 0.16%, settling at 54,822 points.

Meanwhile, the EGX70 index for small-cap companies rose by 0.15% to reach 20,744 points, and the EGX100 index climbed 0.27% to close at 27,252 points.

The main Saudi stock market index closed today down by 1.66 points, settling at 10,779.96 points, with a total trading value of SAR 3.4 billion.
According to the Saudi Press Agency’s daily economic bulletin on the Saudi stock market, the volume of traded shares reached 167 million; shares of 113 companies rose in value, while shares of 147 companies declined.
The top gainers were Raydan, Nofoth, Attaa, Miahona, and OGC, while the top decliners were Armah, Flynas, Sumou, Ladun, and Abdullah Al Othaim Markets. Gains and losses ranged between 10.00% and 4.92%. The most active stocks by volume were Americana, Anabeeb, Maharah, Saudi Aramco, and Miahona, while the most active by value were Al Rajhi, AlAhli, Saudi Aramco, Ma'aden, and Bahri.
Meanwhile, the Saudi Parallel Market Index (Nomu) closed today down by 2.77 points, reaching 21,376.05 points, with a trading value of SAR 11 million and a trading volume exceeding 1.9 million shares.

SPA-

The Qatar Stock Exchange index closed lower today, shedding 135.99 points—equivalent to 1.39%—to reach the level of 9,637.76 points.
During the session, 148,534,234 shares were traded, valued at QAR 359,708,124.974, through the execution of 22,232 transactions across all sectors.
Shares of six companies rose during the session, while shares of 45 other companies declined; two companies maintained their previous closing prices.
Market capitalization stood at QAR 582,708,891,276.390 at the end of the trading session, compared to QAR 589,654,687,654.656 in the previous session.

The Membership Committee at EGX decided on 16/09/2026 decision no. (76) of 2026 accepting the registration of Bokra Asset Management in the Membership Registry of the Egyptian Exchange in accordance with the Membership Rules.

Company Name : GTEX For Commercial And Industrial
ISIN Code : EGS59U92C011
Currency : $
F/S Consolidated Period : From 01/02/2026 To 31/07/2026
Net Loss : 317,658
F/S Consolidated Period : From 01/02/2025 To 31/07/2025
Net Comparative Profit : 453,320
Audit Status : Reviewed
Comment : taking minority interests into consideration
Source : GTEX For Commercial And Industrial

Company Name : GTEX For Commercial And Industrial
ISIN Code : EGS59U92C011
Currency : $
F/S Consolidated Period : From 01/02/2026 To 31/07/2026
Net Loss : 317,658
F/S Consolidated Period : From 01/02/2025 To 31/07/2025
Net Comparative Profit : 453,320
Audit Status : Reviewed
Comment : taking minority interests into consideration
Source : GTEX For Commercial And Industrial

The Financial Statements (23,020 KB)

Company Name : Orascom Investment Holding
ISIN Code : EGS693V1C014
Reuters Code : OIH.CA
Content :
The Board of Directors' decisions held on 15/09/2026.
The Decisions in Arabic & English (628 KB)

Company Name : GTEX For Commercial And Industrial
ISIN Code : EGS59U92C011
Currency : $
F/S Standalone Period : From 01/02/2026 To 31/07/2026
Net Loss : 102,404
F/S Standalone Period : From 01/02/2025 To 31/07/2025
Net Comparative Loss : 516,353
Audit Status : Reviewed
Source : GTEX For Commercial And Industrial