Cairo, Feb 28, 2026, 10:52 GMT+2 — The market is closed.
Egypt’s EGX30 lost ground last week, dragged down by two steep drops in the middle of the week, but found some footing by Thursday. The benchmark index finished at 49,212.83 points—up 0.4% for the day, still off about 2.9% versus its Feb. 19 mark. On Feb. 25, it touched a low of 48,230.58, while Thursday’s session saw it swing between 48,424.42 and 49,232.95. 1
With the Cairo bourse closed for the weekend, investors will return Sunday, their focus firmly on the IMF’s freshly approved funding. The fund’s board has signed off on the fifth and sixth reviews of Egypt’s Extended Fund Facility, plus the first check-in under the Resilience and Sustainability Facility. That unlocks about $2.3 billion for Egypt. Deputy Managing Director Nigel Clarke called a flexible exchange rate regime “critical.” The IMF flagged patchy progress on structural reforms and cited geopolitical risk as a major threat. 2
Next week, a batch of local data could shake up rate expectations and move the pound. Egypt releases January M2 money supply figures on March 2. The February Purchasing Managers’ Index (PMI) lands March 3, followed by foreign exchange reserves on March 4. February inflation data is set for March 10, according to Trading Economics’ calendar. The PMI, a monthly business indicator, usually points to growth with readings over 50. 3
Turnover hit roughly 6.3 billion Egyptian pounds in the last session, with regional investors standing out as the only net buyers, according to EnterpriseAM. Orascom Construction surged 5.3%, Egypt Aluminum picked up 4.2%, and Raya Holding tacked on 3.6%. Eastern Company slid 4.2%. Despite the moves, EGX30 stayed 17.7% higher for the year to date, the report noted. 4
Telecom Egypt delivered a hefty earnings beat, with 2025 revenue jumping 31% to 106.7 billion pounds and net profit soaring to 22.6 billion pounds—more than double the previous year. “We delivered growth ahead of expectations,” Chief Executive Tamer El Mahdi noted. The board is also recommending a 1.5 pound per share dividend, pending shareholder sign-off. 5
Traders pushed into telecoms in the cash market, with Telecom Egypt jumping 3.4% on Thursday after its fourth-quarter profits surged fourfold. Commercial International Bank added 1.1%, Reuters said, as fresh appetite for risk followed the IMF decision late in the week. 6
The EGX70 index, tracking smaller companies, posted a 0.62% gain on Thursday. EGX100 ticked up by 0.65%. Meanwhile, the EGX33 Shariah index advanced 1.03%, local data showed. Market cap wrapped up at 3.247 trillion pounds. 7
Uncertainty ramped up over the weekend after U.S. President Donald Trump announced Saturday that the U.S. has started “major combat operations” in Iran. That news may put investors on edge and could send oil volatility higher once regional markets are back open. 8
Trading on the Egyptian Exchange restarts Sunday, March 1. Investors eye momentum from the IMF disbursement and late-week earnings news. Still, that first opening tone could set the stage.
