Middle East Market Wrap 27 September: Amman Leads Sunday Gains as Cairo Falls 1.39 Percent
The new trading week opened split, and the two largest moves sat at opposite ends of the board. Amman’s ASE Index led the seven markets that traded, rising 1.25 percent to 4,176.95 on our calculation against our published Thursday close, and Saudi Arabia’s Tadawul All Share followed at 0.78 percent, while Egypt’s EGX 30 fell 1.39 percent, the day’s largest move in either direction, with decliners outnumbering gainers almost ten to one on the exchange’s own count. Four of the seven indices closed higher.
Amman and Riyadh set the pace
The ASE Index closed at 4,176.95, up 51.38 points or 1.25 percent on our calculation, the board’s strongest session, with 43 gainers against 23 decliners on the exchange’s own count and trading value of 10.6 million dinars. Riyadh’s Tadawul All Share added 82.96 points, or 0.78 percent, to 10,681.84 on the exchange’s own figures, and the MSCI Tadawul 30 rose 1.04 percent, so the gain ran through the large capitalisation names as well as the broad index. Kuwait’s All Share advanced 0.09 percent to 8,844.78, a third consecutive rising session, with the Premier Market index up 0.09 percent, the Main Market up 0.06 percent and the BK Main 50 easing 0.01 percent, on value traded of 87.6 million dinars across 20,416 trades. Bahrain’s All Share added 2.31 points, or 0.12 percent, to 1,905.80, with BMMI’s 10.00 percent rise the largest single gain on that exchange’s own board.
Cairo’s decline is broad, Muscat and Doha edge lower
Egypt’s EGX 30 ended at 53,031.69, down 745.00 points or 1.39 percent on the exchange’s own figure, and the breadth tells the story: 20 gainers against 190 decliners and 11 unchanged across the listed market. The index remains 26.78 percent higher for the year on the exchange’s own year to date figure. Muscat’s MSX 30 slipped 10.534 points, or 0.14 percent, to 7,543.592, with 13 advancers against 30 decliners on the exchange’s own count and turnover of 31.3 million rials. Qatar’s QE Index closed at 9,454.04, down 0.25 percent on our calculation against our published Thursday close, on value traded of 220.1 million riyals.
Abu Dhabi and Dubai trade Monday to Friday and were shut. They completed their week on Friday with the FTSE ADX General down 5.23 points or 0.05 percent at 10,200.73 and the DFM General down 2.78 points or 0.05 percent at 5,980.27, each on its own exchange’s figures. Both return on Monday.
Top gainers
| Index | Close | Change |
|---|---|---|
| ASE Index (Jordan) | 4,176.95 | +1.25% |
| Tadawul All Share (Saudi Arabia) | 10,681.84 | +0.78% |
| Bahrain All Share (Bahrain) | 1,905.80 | +0.12% |
| Kuwait All Share (Kuwait) | 8,844.78 | +0.09% |
Top gainers, closes of Sunday 27 September 2026, from the exchanges, ranked by change; every change reconciles against our published Thursday 24 September closes. Abu Dhabi and Dubai trade Monday to Friday and carried no session.
Top losers
| Index | Close | Change |
|---|---|---|
| MSX 30 (Oman) | 7,543.59 | -0.14% |
| QE Index (Qatar) | 9,454.04 | -0.25% |
| EGX 30 (Egypt) | 53,031.69 | -1.39% |
Top losers, same session and basis, ranked by change. The Jordanian and Qatari percentages are our calculation against our published Thursday closes; the Kuwaiti, Bahraini, Omani, Saudi and Egyptian figures are the exchanges’ own.
Official reference rates
| Rate | Level | Date |
|---|---|---|
| CBK dollar/dinar official reference rate | 0.30765/75 | 27 September 2026, value date 29 September 2026 |
| CBE dollar/Egyptian pound, buy/sell | 51.6509 / 51.7866 | 27 September 2026 |
Dated official fixings from the central banks’ own pages; the CBK level is the official dollar/dinar reference rate with the value date its page carries, unchanged from Thursday’s fixing, and the CBE levels are its statistics page’s CBE Exchange Rate series, the pound firmer on both sides from Thursday, which is a different series from the average client rate the bank publishes alongside it.
Why it matters: The board’s two ends moved for different reasons and the middle barely moved at all: between Amman’s 1.25 percent rise and Cairo’s 1.39 percent fall, the remaining five indices ranged from 0.78 percent higher to 0.25 percent lower, and four of the five finished within a quarter of a percentage point of flat. Egypt produced the day’s clearest negative breadth, 190 decliners against 20 gainers, but it lands on an index still up 26.78 percent for the year on the exchange’s own figure. Of the seven indices that traded on Sunday, the ASE Index led at 1.25 percent higher and the EGX 30 lagged at 1.39 percent lower.
Outlook: Abu Dhabi and Dubai rejoin on Monday, which widens the board to nine. In Kuwait, the exchange’s own circular gives Sunday 4 October as the start of the new trading, clearing and settlement commission structure under CMA Resolution 85-2026, the market’s main scheduled event of the coming week. The week’s global anchor is Friday’s United States September employment report, as carried in our Week Ahead of 27 September to 3 October.
Sources: Saudi Exchange, Boursa Kuwait, Muscat Stock Exchange, Bahrain Bourse, Qatar Stock Exchange, Abu Dhabi Securities Exchange, Dubai Financial Market, Amman Stock Exchange, The Egyptian Exchange, Central Bank of Kuwait, Central Bank of Egypt, The Edge.
