Egyptian Exchange Stock Market Last Week: EGX30 Suffers Worst Week Since June Despite CIB-Led Bounce
Egypt’s EGX30 index fell 3.5% last week, its steepest drop since June, despite a 2.29% rebound on Thursday led by Commercial International Bank. The slide followed regional tensions and heavy foreign selling, with the index losing over 5% at one point after strikes on Iran. Broader indices held steadier, while turnover on Thursday hit 6.93 billion pounds. Egypt underperformed Saudi Arabia’s market, which gained 0.6% for the week.
