On Monday, 26 October 2026, the Cairo Stock Exchange delivered a striking divergence: ELKA surged 7.3% to 1.33 EGP even as the EGX 30 index fell 1.66% to 48,416.9 points. In a session dominated by selling in heavyweight names, that move stood out as a clear signal that parts of Egypt’s construction-linked universe are still attracting selective buying despite currency pressure and broad market weakness.
Key figures
- EGX 30: 48,416.9, down 1.66%
- ELKA: +7.3% at 1.33 EGP
- USD/EGP: 56.22, up 1.72% on the day
- Market breadth: 13 gainers, 29 losers, 2 unchanged
- SODIC: -6.9% at 22.09 EGP after 9-month results
Market context: broad selling, but not indiscriminate
The decline in the EGX 30 index came with weak breadth, as only 13 stocks rose against 29 decliners and out of tracked names. Yet the session was not a uniform selloff across every segment. Instead, turnover clustered in large-cap losers, suggesting active de-risking in liquid names rather than a market-wide collapse in risk appetite.