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The EGX30 index rose more than 1% to about 49,769 points, led by institutional buying, after Democrats won the US midterm elections. The dollar traded between 54.70 and 55.31 to buy against the Egyptian pound.
Investors are also watching Washington's next steps on the Iran war.
The Democratic result and the dollar's dip ease pressure on Egyptian import costs. Iran-related uncertainty remains the main risk to energy and fertilizer prices that feed into feed costs.
erembusiness.comمحمد ديبةNov 4, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
