EGX 30 slips 0.8% as digital projects advance and OCI deal faces challenge
The EGX 30 fell 0.8% to 56,174.3 on Sept. 8, in a session driven more by corporate developments than by a macro trigger. Elsewedy Electric partnered with Vodafone Business and Cassava Technologies to establish a data center, while Telecom Egypt and Power Sub Link will develop a subsea cable between Sharm El-Sheikh and Taba, according to TradingView and Broadcast Media Africa. On the deal front, Value8 petitioned an Amsterdam court to block the OCI Global-Orascom Construction merger, according to Arab Finance. In financial services, EFG Hermes secured FRA approval to test NFC ePassport verification for foreign investors, while Cleopatra Hospital reported consolidated H1 2026 revenue of EGP 4.3 billion, according to TechAfrica News and Arab Finance.
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Al Alamia Ceramics posted the day’s top gain on the Cairo Stock Exchange, rising 3.6% to EGP 34.3 while the EGX 30 fell 1.14%. The move highlights selective appetite for construction-linked names even as a weaker pound and higher oil prices weighed on broader sentiment.
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