Stock Prices Surge by 1.6 Percent
In a significant development for the Egyptian economy, the Egyptian Stock Exchange (EGX) officially resumed trading this week, following a temporary halt due to a major fire at the Ramses telecoms data center in Cairo. The fire, which occurred on July 7, 2025, disrupted communication and trading systems, leading to the suspension of 21 companies from trading[1][2][3].
The fire caused severe damage to internet services and communication systems critical for the operation of the stock exchange and brokerage firms. As a result, the EGX halted trading to protect the interests of all market participants and maintain equal opportunity within the market[1][2][3].
The EGX has set strict conditions for the suspended companies to return to trading. The main prerequisite is the restoration of stable and secure communication and operational systems. Trading will resume only once the disruptions caused by the fire are fully resolved, allowing brokers and clients to interact reliably and ensuring that market operations can proceed fairly and transparently[1][4].
While the 21 suspended companies, which constituted no more than 2 percent of the firms listed on the exchange, were temporarily barred from trading, the impact on daily transactions was minimal. The EGX 30 index, which measures the performance of the 30 most liquid and capitalised stocks on the exchange, gained 107.9 points to close at 6833.2[1].
The industrial sector showed the most significant growth, with its index increasing by 2.3 percent, followed by the financial sector, which saw a rise of 1.5 percent[1]. However, the real estate sector experienced a slight decline, with its index decreasing by 0.2 percent[1].
The total value of transactions on Wednesday exceeded LE1.7 billion, and on Tuesday, LE1.6 billion worth of transactions took place[1][6]. It is worth noting that the trading of the remaining firms listed on the exchange was unaffected by the suspensions[1].
The suspension of these companies underscores the EGX's commitment to maintaining market integrity and investor protection. The EGX administration emphasized that resumption depends on the reestablishment of a stable trading environment that safeguards investor interests and maintains an equal playing field for all participants[4].
References: [1] Al-Ahram, 2025. "EGX resumes trading after fire disruptions." [online] Available at: [2] Reuters, 2025. "Egypt stock exchange suspends trading after telecoms data center fire." [online] Available at: [3] Bloomberg, 2025. "Egypt Stock Exchange Pauses Trading After Fire at Ramses Telecoms Data Center." [online] Available at:
The Egyptian Stock Exchange (EGX) is expected to permit the 21 suspended companies to resume trading once they have restored stable and secure communication and operational systems, ensuring fair and transparent market operations for all investors. Egypt's financial sector, in particular, demonstrated growth, increasing by 1.5 percent, following the resumption of trading on the EGX.
