A Strong Rally on a Concentrated Market
Egypt's flagship EGX 30 index closed sharply higher at 47,612.0 points on Friday, March 20, 2026, posting a remarkable single-day performance of +3.38%. This strong bullish momentum occurred on a market with narrow breadth, featuring only three active constituents. This concentration of trading on a limited number of stocks, often large caps, is a common indicator during major earnings seasons, where investor focus narrows to companies announcing their figures.
Key figures:
* EGX 30: 47,612.0 pts (+3.38% daily)
* USD/EGP: 52.19 (-0.22%)
* Brent Crude: $106.17/barrel (-2.3% daily, +6.0% weekly)
FY2025 Earnings Analysis Takes Center Stage
The flow of official announcements from the EGX was dominated on Wednesday, March 18, by the release of financial results for the year ended December 31, 2025. Several key companies unveiled their performance, painting a mixed sectoral picture.
October Pharma (OCPH.CA) released its annual results, although specific details on its net profit or revenue were not immediately disclosed in the announcement. Egypt's pharmaceutical sector remains a defensive pillar for the index, often sought for its resilience.
EFG Holding (HRHO.CA), one of the region's leading financial institutions, published its financial results report. The company also announced its board of directors' decisions, indicating sustained corporate activity. The performance of financial stocks is crucial for the EGX 30, which they comprise a significant portion of.
Other announcements punctuated the session: