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EGX:CIB 21 February 2026

EGX30 slides 3% into the weekend as geopolitics bites; Egypt stocks face a Sunday test

EGX30 slides 3% into the weekend as geopolitics bites; Egypt stocks face a Sunday test

Cairo, Feb 21, 2026, 10:55 GMT+2 — The market has closed. Egypt’s EGX30 index closed out Thursday down 2.98%, ending at 50,667.67 points, according to data from EFG Hermes Research. Trading volume reached roughly 5.6 billion Egyptian pounds. Small- and mid-cap indices also tumbled, both shedding about 3%. The EGX30 tracks 30 of the Egyptian Exchange’s most liquid, free-float stocks. Markets remain closed Saturday, with trading set to resume Sunday.
21 February 2026

Stock Market Today

  • SpaceX (SPCX) shares fade after IPO pop; attention turns to Nasdaq-100 inclusion
    June 29, 2026, 1:43 PM EDT. SpaceX (NASDAQ: SPCX) jumped as high as $225 from its $135 IPO, but slipped back to near $155. The company is still losing cash even with $4.7 billion Q1 2026 revenue. Some see index funds as forced buyers if SPCX gets added to the Nasdaq-100, which could bring new demand and help counter worries about valuation and the risk from lock-up expiry. Analysts point to SpaceX's strong position in launches and Starlink's global network, but note ongoing cash burn and no dividend. Some investors now look at the current price as a possible opportunity with index inclusion ahead as the next big event.
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