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Stock markets see limited losses on July 22, 2026

Stock markets see limited losses on July 22, 2026

The main index of the Egyptian stock exchange declined slightly today by 0.1%, reaching 53,931.9 points, after a session that saw notable gains at the start of the week, with the index reaching an over-54,000-point high. These changes occurred concurrently with escalating tensions in the Middle East due to the renewal of conflict between Iran and the United States, which led to a drop in oil prices to below $90 per barrel. Since the beginning of the year, the stock index has increased by approximately 29%. Additionally, the region experienced an Iranian attack on a U.S. base in Jordan, resulting in the deaths of two American soldiers and injuries to 20 others.

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