One stock clearly dominated the Egyptian stock exchange today: Oriental Weavers Carpets jumped 8.1% to 29.03 EGP, with 279.99 million EGP in traded value, making it one of the busiest names of the session. That gain was far stronger than the EGX 30 index, which rose 0.72% to 56,676.2 points, and it put Egypt’s home-furnishing theme back at the center of the market conversation.
The move matters because it came in a market that was positive, but not indiscriminately so. Breadth was constructive, with 26 advancers, 15 decliners and 3 unchanged out of 44 stocks tracked. At the same time, the USD/EGP stood near 50.75, down 0.10% on the day, keeping currency sensitivity front and center in a market where every local-currency move still needs to be read through the lens of Egypt’s multiple devaluations between 2022 and 2024.
Key figures
- ORWE +8.1% at 29.03 EGP
- EGX 30 +0.72% at 56,676.2
- 279.99 million EGP traded in ORWE
- TMGH 794.74 million EGP in turnover, session high
- , down