53,553.41EGX 30 · Monday, Oct. 5 close · −0.66%

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52.36USD/EGP · Central Bank of Egypt rate (buy) · Monday close
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, TUE., OCT. 6, 2026No. 2 · Morning, 6:00 a.m. EET6 a.m. EET
EGX3053,553.41▼0.66%10/5USD/EGP52.36－10/5S&P 5007,773.95▲0.66%10/5WTI$89.43▼1.84%10/5Gold$4,156.80▼0.13%10/5
Egypt · National securityPress ✓ 2 sources · Gaza and Nile details from a single source · we have not seen the full text

Sisi chairs the Supreme Council of the Armed Forces, urges commitment to Trump’s Gaza plan and pledges to defend Egypt’s rights on the Nile

The meeting was held at Strategic Command headquarters in the Administrative Capital as part of the 53rd anniversary celebrations of the October War, and the president stressed the highest levels of combat readiness.

President Sisi chaired a meeting of the Supreme Council of the Armed Forces at the Strategic Command headquarters in the New Administrative Capital, according to Egypt Today, and stressed maintaining the highest levels of combat readiness; the council reviewed regional and international developments and their implications for national security. The Egypt Today item is dated October 6, while the Daily News Egypt link is dated October 5, so we give the day as Monday, going by the second.

Daily News Egypt reported that Sisi urged full commitment to US President Donald Trump’s plan for a ceasefire in Gaza, rejected any attempts at the forced displacement of Palestinians, said an independent Palestinian state is the only guarantee of lasting peace, and pledged to defend Egypt’s historic rights to the waters of the Nile by every means international law allows. Reports indicated that the meeting also addressed the economic situation and freedom of navigation in the Red Sea.

Two prominent themes of the Alamein summit declaration the day before yesterday recurred in this meeting: the waters of the Nile and Red Sea security. We have not seen the full text of what was said inside the meeting; what we know is what the two outlets published. What we are watching today: anything the presidency issues on the anniversary of the October War, and any official position on Ethiopia.

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By the numbers
53Upcoming anniversary of the October War, being marked this year
1Meeting of the Supreme Council of the Armed Forces at Strategic Command
2Issues that recurred after the Alamein summit: the Nile and the Red Sea
Markets · Egyptian ExchangeSingle source: Arab Finance · we found no second confirmation

Egyptian stocks fall: EGX 30 loses 0.66% to 53,553.41 points

The EGX 30 closed Monday’s session, October 5, down 0.66% at 53,553.41 points, according to Arab Finance, after a 1.61% rise on Sunday. The EGX 70 fell about 0.89% to 19,776.31 points, and the EGX 100 about 0.89% to 26,132.88 points.

The day’s trading value was about 8.99 billion Egyptian pounds; shares of 59 companies rose, 154 fell and 9 were unchanged, and market capitalization stood at 4.239 trillion pounds. These figures come from a single source, and we found no confirmed explanation for the decline.

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Word of the day
EGX 100Markets

An index broader than the EGX 30, covering the larger and smaller companies on the Egyptian Exchange; it fell 0.89% on Monday.

Egypt · HolidaysPress ✓ 4 outlets · reports attributed to the announced decisions

Today is the October Victory anniversary, but the official holiday is Thursday, October 8: banks and the exchange close Thursday and reopen Sunday

The anniversary of the October Victory of 1973 falls today, Tuesday, October 6, but the official holiday marking Armed Forces Day for employees of the state administrative apparatus has been moved to Thursday, October 8, 2026, according to Egypt Today and Ahram Online. The holiday covers ministries, public bodies, local administration units and public sector companies, as Egypt Today relayed from a decision by Prime Minister Mostafa Madbouly; the decision was announced days ago and is not new today.

The Central Bank of Egypt announced that banks operating in Egypt will close on Thursday, October 8 and resume work on Sunday, October 11, according to Ahram Online. The Egyptian Exchange, for its part, announced that Thursday is an official holiday and that trading resumes on Sunday, October 11, according to Arab Finance. Labor Minister Hassan Radad announced a paid holiday for private-sector workers on the same day, with double pay or a substitute day for those required to work, according to Ahram Online.

That means Wednesday, October 7 is the last trading and banking day of the week, and Friday and Saturday are the usual weekend. In DailyDrop’s reading, anyone with a banking transaction or papers that need a bank should complete them before the end of Wednesday. Today, Tuesday, is an ordinary working day at banks and the exchange, according to what we have seen in these reports.

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Egypt · GovernmentPress ✓ 2 sources · and we have not seen the date of the conference

Government prepares for the October conference Sisi called for: ministerial workshops to answer public questions

The government continues to prepare for the conference that President Abdel Fattah el-Sisi called for during October, according to Youm7 and Egypt Today. Prime Minister Mostafa Madbouly said its aim is to answer public questions and present what has been achieved across sectors, and he directed ministers to come out with clear recommendations, specific decisions and implementation programs, according to Youm7.

Egypt Today reported that the president asked for a comprehensive report on the state’s achievements in all sectors in recent years. We have not seen the date of the conference, the list of speakers or any decisions that may come out of it, and what is announced there is what truly matters to the reader.

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Currencies · The poundPress ✓ 2 sources · prices vary from bank to bank

Dollar opens Tuesday near 52.36 pounds to buy after a slight rise at Monday’s close

Youm7 reported that bank screens opened on Tuesday morning, October 6, at Monday’s closing prices, and that the Central Bank of Egypt rate was about 52.36 pounds to buy and 52.50 to sell after prices rose at banks. Al Khaleej had reported a Monday price of 52.23 pounds to buy and 52.36 to sell.

The differences between the two sources stem from differences in the time of the reading and the institution. Movement in the exchange rate remains within narrow limits: the National Bank of Egypt’s rate was 52.27 pounds on Sunday. We have no confirmed reason for the changes in piasters, and they should not be read as a trend.

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In brief
  • Badr Abdelatty met the board of the Egyptian Agency for Partnership for Development and stressed expanding training and capacity building for African countriesYoum7
  • Shares of 59 companies rose and 154 fell in Monday’s session on the Egyptian ExchangeArab Finance
  • Market capitalization fell from 4.263 trillion pounds on Sunday to 4.239 trillion on MondayArab Finance
  • The S&P 500 closed at 7,773.95 points, up 0.66%Closing data
  • West Texas Intermediate closed at $89.43, down 1.84%, and gold at $4,156.8Closing data
  • Banks will resume work on Sunday, October 11 after Thursday’s holidayAhram Online
  • The exchange began October with a 2.24% rise, and market capitalization rose 129 billion poundsYoum7
  • Madbouly reviewed the National Economic Transformation Program, and its final draft will be presented to the presidentEgypt Today
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Unverified — what we could not confirm

“The dollar at 50.17 pounds to buy at the National Bank of Egypt.” A figure that appeared on a page of the Banker News site dated October 3. Prices from Youm7, Al Khaleej and Al Dostour for the same days are close to 52.2–52.4 pounds, so the figure does not match the rest and we do not rely on it.
Glossary · dotted words — economic, security and political terms explained in the context of the story. The list grows every day.
INSIDESisi chairs the Supreme Council of the Armed Forces, urges commitment to Trump’s Gaza plan and pledges to defend Egypt’s rights on the NileEgypt · National securityEgyptian stocks fall: EGX 30 loses 0.66% to 53,553.41 pointsMarkets · Egyptian ExchangeToday is the October Victory anniversary, but the official holiday is Thursday, October 8: banks and the exchange close Thursday and reopen SundayEgypt · HolidaysGovernment prepares for the October conference Sisi called for: ministerial workshops to answer public questionsEgypt · GovernmentDollar opens Tuesday near 52.36 pounds to buy after a slight rise at Monday’s closeCurrencies · The pound