The day’s clearest contrast on the Cairo Stock Exchange came down to 2 numbers: QALA For Financial Investments rose 0.4% to EGP 5.53 on EGP 707.9 million of turnover, while the EGX 30 index fell 0.95% to 53,417.6 points. In a session where only 12 stocks advanced, 28 declined and 4 were unchanged, CCAP’s resilience stood out as a highly concentrated pocket of liquidity inside a weaker broader market.
Key figures
- EGX 30: 53,417.6, down 0.95%
- CCAP: EGP 5.53, up 0.4%
- CCAP turnover: EGP 707.9m, highest on the market
- Market breadth: 12 gainers / 28 losers / 4 unchanged
- USD/EGP: 51.26, nearly flat at -0.03%
Egyptian stock exchange today: index weakness, but not a liquidity vacuum
The drop in the EGX 30 index to 53,417.6 was driven by weakness across heavyweight financials, property names and fertilizer producers. Commercial International Bank, the market’s bellwether, slipped to , while fell to and lost to . When CIB, TMGH and Fawry all trade lower in the same session, index pressure tends to build quickly because of their weight in both capitalization and sentiment.