Raya Holding stole the show on the Egyptian stock exchange today, jumping 9.1% to EGP 6.11, even as the EGX 30 index slipped just 0.03% to 51,962.4. That divergence mattered more than the benchmark’s flat close: it showed money rotating into local growth stories while heavyweight banks, especially CIB, capped the broader market.
Key figures
- RAYA +9.1% at EGP 6.11
- EGX 30 -0.03% at 51,962.4
- 27 gainers versus 15 losers
- COMI -2.0% at EGP 136.28
- USD/EGP 51.96, nearly unchanged
Market context: a flat benchmark hid a stronger tape
The benchmark looked static, but the underlying market was not. Of the 44 stocks in the session snapshot, 27 rose, 15 fell and 2 were unchanged, pointing to a positive breadth profile that the headline index failed to capture. On the EGX, that usually happens when a handful of large financial names fall while domestic cyclicals, property developers and tech-linked stocks attract fresh buying.