El Sewedy Electric stole the show on the Cairo Stock Exchange after surging 12.4% to EGP 120.9, with EGP 503.8 million in turnover, the heaviest trading value on the market. The move comfortably outpaced the EGX 30 index, which rose 1.09% to 55,854.7 points, and underlined how aggressively traders are rotating into Egypt’s infrastructure-linked industrial names.
This was more than a routine risk-on session. El Sewedy’s rally came as the USD/EGP held near 50.16, up just 0.03% on the day, a detail that matters enormously in Egypt after the multiple currency devaluations of 2022-2024. On the EGX, local-currency gains always need to be read against FX risk in USD terms, and even a short spell of exchange-rate stability can trigger a sharp re-rating in companies with imported inputs but strong pricing power and project exposure.
Key figures
- EGX 30: 55,854.7, up 1.09%
- El Sewedy Electric: +12.4% at EGP 120.9
- SWDY turnover: EGP 503.8 million, highest on the exchange
- Market breadth: 27 gainers, 15 losers, 2 unchanged
- Telecom Egypt: +3.6% ;