The day’s clearest contrast on the Cairo Stock Exchange came from one stock: Egyptian Chemical Industries (EGCH) rose 2.2% to EGP 14.2 on Thursday, 24 September 2026, even as the EGX 30 index fell 0.83% to 53,776.7. With EGP 176.1 million in turnover, the chemicals name stood out in a market where only 10 stocks advanced, against 31 decliners and 2 unchanged.
That outperformance matters because it came against a difficult macro backdrop. Brent crude climbed to $106.62 a barrel, up 3.4% on the day and 6.3% on the week, while USD/EGP edged up to 51.7, a 0.20% daily rise. In Egypt, where currency moves have dominated equity valuation since the devaluations of 2022-2024, stock selection is rarely just about company news. Thursday’s session suggested investors were rotating toward industrial names seen as more resilient on pricing and domestic demand, while trimming exposure to businesses more vulnerable to imported inflation and energy costs.
Key figures
- EGX 30: 53,776.7, down 0.83%
- EGCH: +2.2% at EGP 14.2
- EGCH turnover: EGP 176.1m