The clearest signal from the Egyptian stock exchange today was not just the EGX 30 index rising 3.11% to 46,731.5, but the way earnings reinforced a domestic-demand story that has become increasingly important in Cairo. Medinet MASR Housing reported stronger consolidated 2025 results on 1 April 2026, giving fresh support to listed property names in a session where 34 stocks advanced, against 6 decliners and 4 unchanged.
That matters because the macro backdrop shifted sharply in one day. Brent crude fell 14.8% to $100.85 per barrel, while USD/EGP dropped 1.74% to 53.47, implying a firmer Egyptian pound. For Egyptian equities, those two moves are tightly linked. Lower oil reduces pressure on imported inflation and energy-related costs, while a stronger pound eases one of the market’s biggest concerns since Egypt’s multiple devaluations between 2022 and 2024. On the EGX, where local-currency gains often need to be judged against FX erosion, that combination can quickly reprice domestically exposed sectors.
Key figures
- EGX 30: 46,731.5, up 3.11%
- 34 gainers, 6 losers, 4 unchanged
- Brent: $100.85/bbl, down 14.8% on the day
- USD/EGP: 53.47, down