Two cyclical names stole the spotlight on the Egyptian stock exchange today even as the benchmark sold off. The EGX 30 index fell 1.03% to 49,825.6 on Monday, 29 June 2026, but Egyptian Iron and Steel jumped 5.0% to EGP 32.31 and Egyptian Resorts Company climbed 4.9% to EGP 16.98. That split captures the current Cairo market better than the headline index move: investors cut exposure to heavyweight liquid names while selectively buying into domestic cyclical stories.
Key figures
- EGX 30: 49,825.6 (-1.03%)
- IRON: +5.0% at EGP 32.31
- EGTS: +4.9% at EGP 16.98
- USD/EGP: 49.15 (-0.69% on the day)
- Brent crude: $74.01 a barrel (+2.8%)
EGX today: the index fell, but the market was not broadly weak
The first point in any serious Egypt stock market analysis is breadth. Monday’s session was almost evenly split, with 21 gainers, 20 losers and 3 unchanged out of tracked stocks. In other words, the decline in the flagship index was driven more by pressure on a handful of large caps than by a broad-based retreat across Egyptian equities.