Middle East Market Wrap 27 October: Cairo Rebounds 3.49 Percent to Lead a Seven-Market Advance
Cairo led the region on Tuesday, with the EGX 30 rebounding 3.49 percent to 50,104.83 after three declines. Doha’s QE Index added 3.37 percent for a third straight gain, on our calculation, and Riyadh’s Tadawul All Share rose 2.30 percent to 9,986.45. Seven of the nine markets we track closed higher, on our count. Brent crude traded at 114.99 dollars a barrel at 12:45 GMT, 0.71 percent below Monday’s settlement.
Cairo’s Breadth and Doha’s Banks Set the Pace
The Egyptian rebound was broad before it was deep: the exchange’s own market summary counted 207 gainers against 8 decliners across the listed market, with 238,383 trades in the gaining shares, and the index closed back above 50,000 at 50,104.83. The central bank’s average market dollar rate moved the same way, 56.0675 to 56.1675 pounds buy to sell, a firmer pound after three weaker fixings, on our count. In Doha, the QE Index climbed 298.54 points to 9,150.83, on our calculation against Monday’s close, with QR 991.5 million traded and the banks carrying the move: Qatar International Islamic Bank rose 9.76 percent, Masraf Al Rayan 6.09 percent, Doha Bank 5.27 percent and Qatar Islamic Bank 3.23 percent, on the exchange’s own ticker.
Riyadh Presses Toward 10,000 as Bahrain Extends Its Slide
Riyadh’s Tadawul All Share rose 2.30 percent to 9,986.45, a second straight gain that leaves the index 13.55 points from 10,000, on our calculation, with ADES up 6.85 percent, Maaden 3.49 percent and Saudi Aramco 1.88 percent on the exchange’s closing tape. Dubai’s DFM General added 1.96 percent to 5,864.43 for a second gain on the exchange’s own daily closing figures, and Abu Dhabi’s FTSE ADX General rose 1.09 percent to 9,745.80 with AED 1.4 billion traded. Kuwait’s All-Share Index climbed 0.66 percent to 8,549.23 for a third straight gain, on our calculation, on KD 88.9 million in value and 21,714 trades, with the Premier Market up 0.86 percent while the Main Market slipped 0.30 percent; Zain rose 1.54 percent, with an unusual-trading-activity disclosure published after the session. Amman’s ASE Index edged 0.08 percent higher to 4,153.51, on our calculation, for a second gain. Muscat’s MSX 30 eased 0.14 percent to 7,347.729 after one gain, with 26 rising shares against 15 on RO 70.7 million in turnover, and Bahrain’s All Share fell 0.29 percent to 1,840.24, a tenth straight decline, on BD 259.0 thousand in value.
Top gainers
| Index | Close | Change |
|---|---|---|
| EGX 30 (Egypt) | 50,104.83 | +3.49% |
| QE Index (Qatar) | 9,150.83 | +3.37% |
| Tadawul All Share (Saudi Arabia) | 9,986.45 | +2.30% |
| DFM General (Dubai) | 5,864.43 | +1.96% |
| FTSE ADX General (Abu Dhabi) | 9,745.80 | +1.09% |
| All-Share Index (Kuwait) | 8,549.23 | +0.66% |
| ASE Index (Jordan) | 4,153.51 | +0.08% |
Closes of Tuesday 27 October from the exchanges’ own pages, ranked by change against Monday 26 October’s closes as published; the Qatar, Kuwait and Jordan changes are our calculation from the exchanges’ levels. Run lengths are counted against our published closes.
Top losers
| Index | Close | Change |
|---|---|---|
| All Share Index (Bahrain) | 1,840.24 | -0.29% |
| MSX 30 (Oman) | 7,347.729 | -0.14% |
Top losers, same session and basis, ranked from the deepest.
Commodities and currencies
| Instrument | Level | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | 4,038.70 | +0.01% |
| Silver, COMEX (Dec’26), dollars an ounce | 53.65 | -1.27% |
| Brent Crude, ICE (Dec’26), dollars a barrel | 114.99 | -0.71% |
| WTI Crude, NYMEX (Dec’26), dollars a barrel | 100.92 | -0.83% |
| US Dollar Index (DXY) | 102.16 | +0.20% |
| Euro/Dollar | 1.1152 | -0.18% |
| Sterling/Dollar | 1.3331 | -0.06% |
| Dollar/Yen | 157.81 | +0.20% |
Intraday quotes at 12:45 GMT, in fixed order; snapshots, not settlements, with changes measured on the unrounded values. The commodity rows are measured against Monday’s settlements, the currency and dollar-index rows against the feed’s previous reference levels.
Official reference rates
| Rate | Level | Date |
|---|---|---|
| CBK dollar/dinar, official reference | 0.30815 | 27 October, value date 29 October |
| CBE dollar/Egyptian pound, average market rate, buy / sell | 56.0675 / 56.1675 | 27 October |
Dated rates from the Central Bank of Kuwait and the Central Bank of Egypt; the CBK value date is standard T+2 settlement, and the CBE row is the bank’s average market rate series.
Asia, session of Tuesday 27 October
| Index | Close | Change |
|---|---|---|
| Kospi (South Korea) | 5,638.34 | +3.09% |
| Nikkei 225 (Japan) | 63,268.37 | +1.73% |
| Topix (Japan) | 3,997.37 | +0.61% |
| S&P/ASX 200 (Australia) | 8,850.10 | +0.46% |
| Taiex (Taiwan) | 46,096.23 | +0.12% |
| Shenzhen Component (China) | 11,245.73 | -2.50% |
| Shanghai Composite (China) | 3,648.30 | -1.33% |
| Hang Seng (Hong Kong) | 23,041.32 | -0.73% |
| Straits Times (Singapore) | 5,397.03 | -0.35% |
| Nifty 50 (India) | 22,749.75 | -0.02% |
Carried from our Asia Market Wrap of Tuesday 27 October, gainers then losers; the Taiex row is measured against Thursday 22 October, the exchange’s last session before its two-session closure.
Why it matters: The region’s second day of gains has a different shape from its first. Monday’s rally was Riyadh’s; Tuesday’s belongs to Cairo and Doha, and its breadth, 207 gainers against 8 in Egypt and seven of nine markets higher, on our count, reads as strength across the region as a whole rather than one market’s story. A firmer Egyptian pound on the same day as the equity rebound points the same direction. Bahrain’s ten-session slide stands as the exception, and the test for all of it arrives with Wednesday’s Federal Reserve decision, which lands after the Gulf’s close. Of the 19 indices we published on 27 October, Cairo’s EGX 30 led at 3.49 percent and Shenzhen’s Component lagged, 2.50 percent lower.
Outlook: The Federal Reserve announces its decision on Wednesday 28 October, on the meeting dates its own calendar confirms, after the region’s markets close. Europe follows this evening in our Europe wrap, this morning’s commodities wrap takes its settlements update after the New York close, and our US wrap follows Wall Street’s session.
How these wraps are prepared: Methodology.
Sources: The Egyptian Exchange, Qatar Stock Exchange, Saudi Exchange, Dubai Financial Market, Abu Dhabi Securities Exchange, Boursa Kuwait, Muscat Stock Exchange, Bahrain Bourse, Amman Stock Exchange, Central Bank of Kuwait, Central Bank of Egypt, CNBC, The Edge.
