Palm Hills Developments set the pace on the Egyptian stock exchange today, rising 4.0% to EGP 14.32 while drawing EGP 629.8 million in turnover, the heaviest trading flow of the session on Sunday, May 24, 2026. That mattered because the broader EGX 30 index climbed 1.48% to 52,861.5 points, with market breadth firmly positive at 31 gainers, 10 losers, and 3 unchanged.
This was more than a routine up day. It showed that money is rotating back into listed Egyptian property developers at a time when the USD/EGP rate fell 1.25% to 52.23, easing some near-term pressure on imported costs and improving the optics of local equity valuations in foreign-currency terms. In Egypt, where repeated pound devaluations from 2022 to 2024 remain the dominant lens for equity analysis, even a one-day currency move can reshape risk appetite, especially in domestically driven sectors.
Key figures
- EGX 30: 52,861.5, up 1.48%
- Palm Hills Developments: +4.0% at EGP 14.32
- PHDC turnover: EGP 629.8m, highest on the market
- CIB: +3.4% at