The sharpest move on Wednesday, September 30, 2026 came from outside the index trend: while the EGX 30 index fell 0.77% to 51,894.8, Emaar Misr for Development surged 10.2% to EGP 13.56, easily topping the day’s gainers. That divergence matters because it shows money is still rotating into selective Egyptian property names even as the broader market weakens.
The backdrop was modestly supportive for domestic risk assets. The USD/EGP eased 0.37% to 51.89, while Brent crude dropped 4.1% on the day to $98.39 a barrel, extending its weekly decline to 5.7%. For Egypt, where currency moves remain the dominant valuation driver after multiple devaluations between 2022 and 2024, even a small pullback in the dollar can improve sentiment toward local-currency equities, though the effect is rarely uniform across sectors.
Key figures
- EGX 30: 51,894.8 (-0.77%)
- EMFD: EGP 13.56 (+10.2%)
- USD/EGP: 51.89 (-0.37%)
- Market breadth: 14 up / 26 down / 4 unchanged
- CCAP turnover: EGP 597.98 million, stock down 2.5%