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EGX:COMI 7 March 2026

Egyptian Exchange Stock Market Last Week: EGX30 Suffers Worst Week Since June Despite CIB-Led Bounce

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.
7 March 2026
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Stock Market Today

  • Stocks Rise, Oil Prices Dip Amid Iran War Peace Talks
    March 27, 2026, 11:51 AM EDT. U.S. stocks climbed while global oil prices fell on Wednesday amid evolving news on the Iran conflict. Early optimism sparked by a 15-point U.S. peace proposal drove S&P 500 and Nasdaq futures up more than 1%. However, Iran's negative response tempered enthusiasm, causing some pullback. By market close, the S&P 500 was up 0.4%, Nasdaq rose 0.7%, and Dow gained 305 points. Oil prices softened from intraday lows, with U.S. crude down 1.4% near $90 a barrel, though still up over 30% since the war started Feb. 28. Brent crude hovered near $102. The conflict continues affecting energy costs, including a nationwide average gas price of $3.98 per gallon. Pakistani mediation efforts and potential U.S.-Iran talks brought further uncertainty, while President Trump's mixed signals added complexity to market sentiment.
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