{"id":692624,"date":"2026-04-09T00:00:00","date_gmt":"2026-04-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=692624"},"modified":"2026-04-09T03:34:49","modified_gmt":"2026-04-09T03:34:49","slug":"ceasefire-optimism-triggers-egx30-rally-and-egp-recovery","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/09\/ceasefire-optimism-triggers-egx30-rally-and-egp-recovery\/","title":{"rendered":"Ceasefire optimism triggers EGX30 rally and EGP recovery"},"content":{"rendered":"

The ceasefire is already being felt in the markets<\/strong>, with the EGX30 up 4.1% by the end of trading yesterday, marking its biggest one day jump since 19 May 2024 and outperforming regional peers. The EGP also gained around 2.5% on the greenback by the times bank tellers shut up shop for the day, with National Bank of Egypt and Banque Misr buying the USD for EGP 53.27 and selling for EGP 53.37, while CIB had a buy price of EGP 53.33 and sell price of EGP 53.43<\/p>\n

Analysts expect the EGP to maintain its recovery momentum <\/strong>if the ceasefire holds<\/strong> and a potential broader agreement between Washington and Tehran materializes. The renewal of GCC deposits is cited as a critical pillar supporting FX reserves and long-term exchange rate stability.<\/p>\n

Initial investor<\/strong> optimism also sparked a \u201cstrong return of foreign investment into debt <\/strong>instruments on the secondary market today, <\/strong>with inflows reaching approximately USD 800 mn today alone,\u201d a source in the banking sector tells EnterpriseAM, adding that the momentum could carry into the primary market during Thursday\u2019s session. Another banking source tells us that inflows yesterday pushed interbank transactions to breach the USD 1 bn mark.<\/p>\n

Why it matters: <\/strong>The rush back to the secondary debt market and a welcome rally at the bourse seems \u2014 at least so far \u2014 to suggest that the long-term damage this war will have on the economy could be less (and shorter-lived) than originally feared.<\/p>\n

The recent period of volatility saw regional capital play a stabilizing role, <\/strong>with our source noting that \u201cinflows of Arab investments compensated for the gap left by the exit of hot money from investment funds and foreign investors,\u201d which helped anchor the exchange rate and maintain USD liquidity, ultimately slowing the pace of the EGP's depreciation.<\/p>\n

While over at the EGX, \u201cthe froth that burst today is one-third of what should have been <\/strong>the true correction<\/strong>,\u201d Al Ahly Pharos Head of Research Hany Genena tells us, adding that lower energy prices could push the index back above 50k and put the 60k target back in play.<\/p>\n

Businesses, consumers, and government will all get a nice shot in the arm if tankers <\/strong>start moving through <\/strong>Hormuz again. <\/strong>\u201cWe imported USD 21 bn of crude oil [...] This bill, if the war had continued, would have jumped to maybe USD 35 bn,\u201d he said, warning that the increase would have strained the budget, balance of payments, and the EGP. The easing will feed directly into equities \u2014 provided the ceasefire holds.<\/p>\n

Genena also signalled a move away from war-driven hedges toward recovery plays<\/strong>, telling us that \u201cwe are not bullish on commodities.\u201d He explained that \u201cour best exposures will be domestic cyclicals: e-payments, non-bank finance, and telecom.\u201d<\/p>\n

As for whether this marks a structural shift in risk, Genena is dismissive. <\/strong>\u201cI\u2019m not a very strong believer in new normals [...]\u201d he said, pointing to a likely return of capital once macro stability is restored.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGP gained around 2.5% on the greenback by the times bank tellers shut up shop for the day<\/p>\n","protected":false},"author":1,"featured_media":692625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7335],"tags":[102,7106,1419,68,72,2234,12389],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-692624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-capital-markets","tag-debt","tag-egp","tag-egx","tag-enterpriseam","tag-foreign-exchange","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"b6f60a00-f9de-4d96-8c9b-8dbbe9f18e4a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/443.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Looking up?","related_issue":[692619],"teaser":"The EGP gained around 2.5% on the greenback by the times bank tellers shut up shop for the day"},"yoast_head":"\nCeasefire optimism triggers EGX30 rally and EGP recovery - 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This year\u2019s theme for the day is \u201cbreak the bias,\u201d encouraging everyone to \u201cactively call out gender bias, discrimination and stereotyping.\u201d Today\u2019s Google Doodle also features a slideshow portraying the different roles women take on in their daily lives.Today,\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":692543,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/08\/egp-rebounds-egx-in-the-green-how-om-el-donia-is-reacting-to-the-us-iran-two-week-ceasefire\/","url_meta":{"origin":692624,"position":1},"title":"EGP rebounds, EGX in the green: How Om el Donia is reacting to the US-Iran two-week ceasefire","author":"enterpriseam admin","date":"8 April 2026","format":false,"excerpt":"Good afternoon, ladies and gents. It\u2019s a relatively lighter day in Om El Donia as tensions begin to ease following the overnight announcement of a two-week ceasefire between the US and Iran \u2014 we\u2019ve got the latest below.While our city\u2019s usual late-night hum has been silenced by the new 9pm\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/417.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570018,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/","url_meta":{"origin":692624,"position":2},"title":"EGX30 tumbles 9.3% in worst showing since 2012","author":"enterpriseam admin","date":"16 March 2020","format":false,"excerpt":"EGX30 tumbles 9.3% in worst showing since 2012: The EGX30 caught up yesterday with last week\u2019s turbulence across global financial markets, closing down 9.3% in what was its sharpest one-day decline since November 2012. Index heavyweight CIB closed down 9.9%. The bourse suspended trading for half an hour after the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569651,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/03\/egyptian-stocks-hold-steady-following-sundays-rout\/","url_meta":{"origin":692624,"position":3},"title":"Egyptian stocks hold steady following Sunday\u2019s rout","author":"enterpriseam admin","date":"3 March 2020","format":false,"excerpt":"Egyptian stocks hold steady following Sunday\u2019s rout: Egyptian equities stabilized yesterday as global markets rebounded from last week\u2019s sell-off on hopes that central banks around the world will launch coordinated stimulus to mitigate against the economic fallout of the covid-19 virus. The EGX30 closed 0.55% in the green, led by\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/36.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656029,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/united-bank-set-to-raise-egp-4-6-bn-as-retail-placement-kicks-off\/","url_meta":{"origin":692624,"position":4},"title":"United Bank set to raise EGP 4.6 bn as retail placement kicks off","author":"enterpriseam admin","date":"27 November 2024","format":false,"excerpt":"Good afternoon all you wonderful people, and happy Wednesday. The new cycle has finally revved up for the week \u2014 and we\u2019ve got all you need to know below.THE BIG STORY TODAY- United Bank set to raise EGP 4.6 bn in EGX share offering: United Bank is set to raise\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2499.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564663,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/credit-agricole-and-nbk-egypt-plan-capital-raises-it-looks-like-banque-misr-is-upping-its-bid-for-ci-capital\/","url_meta":{"origin":692624,"position":5},"title":"Credit Agricole and NBK Egypt plan capital raises + it looks like Banque Misr is upping its bid for CI Capital","author":"enterpriseam admin","date":"18 February 2021","format":false,"excerpt":"The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 1.3 bn (9.8% below the 90-day average). Local investors were net buyers. The benchmark index is down 1.1% for the week, but up 4.9% year-to-date.In the green: Orascom Investment Holding (+4.3%), Abou Kir Fertilizers (+3.3%) and Sidi Kerir Petrochemicals\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/692624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=692624"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/692624\/revisions"}],"predecessor-version":[{"id":692666,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/692624\/revisions\/692666"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/692619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/692625"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=692624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=692624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=692624"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=692624"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=692624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}