One stock stole the spotlight on the Egyptian stock exchange today: Egyptian Resorts Company surged the daily limit of 20.0% to EGP 9.18, far outpacing a market that was already firmly higher. Behind that move, the EGX 30 index rose 1.83% to 49,978.6, supported by a strong rebound in Commercial International Bank, up 3.5% to EGP 133.99, while USD/EGP fell 1.81% to 52.37.
That combination matters in Egypt. When the pound strengthens against the dollar, even over a single session, it eases immediate pressure on imported costs and slightly improves the risk backdrop for local equities. In a market where banks, property names and domestic consumption stories often dominate flows, Tuesday’s currency move amplified an already positive tone rather than creating it from scratch.
Key figures
- EGTS +20.0% at EGP 9.18
- EGX 30 +1.83% at 49,978.6
- 34 gainers, 6 losers, 4 unchanged
- COMI +3.5% on EGP 643.7 million turnover
- to