The Egyptian stock market started the week on a downward trend, with all indices declining. The main index, EGX30, fell by 0.38% to 53063 points, while the EGX30 equal-weighted index dropped by 0.41% to 66499 points. The EGX30 total return index decreased by 0.32% to 24772 points. The decline was attributed to weak trading, with transactions not exceeding 800 million pounds within the first 30 minutes of trading.
Other indices also experienced declines, with the EGX35-LV index falling by 0.62% to 6490 points. The EGX70 equal-weighted index, which tracks medium and small-sized companies, dropped by 0.19% to 19657 points. The EGX100 equal-weighted index declined by 0.3% to 25932 points. Additionally, the Islamic Sharia index fell by 0.65% to 6558 points, and the Tamazuj index decreased by 1.21% to 44214 points.
The Egyptian Stock Exchange announced that trading was suspended for three shares for 10 minutes due to exceeding the 5% fluctuation limit. The affected shares were Obour Real Estate Investment, Vertika for Industry and Trade, and Tawasul for Factoring. This move was made to give investors time to reassess their positions and prevent any potential market volatility.
In a separate development, the Egyptian Stock Exchange disclosed the transactions of insiders, major shareholders, and related parties on listed companies during the trading session on Wednesday. The transactions involved buying and selling shares in various companies across different sectors. Universal Packaging and Paper (Unipack) led the list of shares with the highest sales, with insiders selling 8.914 million shares.
Other companies that witnessed significant transactions included Fawry for Banks and Electronic Payments, which saw sales of 3.134 million shares. Industrial and Engineering Projects sold 2 million shares, while the United Company for Housing and Development sold 260.4 thousand shares. These transactions indicate a significant level of activity among insiders and major shareholders in the Egyptian stock market.
Several listed companies announced their financial results for the past period. Qatar National Bank reported a net profit of 28 billion pounds for the period from January 1 to September 30, 2026, representing a 26% growth compared to the same period in 2025. The bank's loans and similar revenues reached 113.7 billion pounds, up from 100.7 billion pounds in the previous year.
Other companies, such as Arab Ceramics, announced that their board of directors had approved the selection of a suitable company to determine the fair value of their stake in Egyptian Paper Industry (Egy Paper) for sale. Emmar Egypt for Development also announced that its board had approved the appointment of an independent financial advisor to determine the fair value of shares in Emmar and Sky Tower for Real Estate Development.
Key points
- The Egyptian stock market experienced a collective decline in early trading on Sunday, with weak trading volumes.
- The transactions of insiders and major shareholders in various listed companies were disclosed, showing significant activity in the market.
- Several companies announced their financial results, including Qatar National Bank, which reported a 26% growth in net profit.
