EGX Hits Record as Market Cap Nears EGP 3 Trillion

Egypt’s stock market surged to unprecedented levels at the start of the week’s trading session, with all major indices and the total market capitalization reaching historic highs. 

The rally was driven by strong buying activity from institutional investors and investment funds, both local and international.

According to market data, the total market capitalization of listed companies approached the EGP 3 trillion mark for the first time, hitting EGP 2.91 trillion during Sunday’s session.

The benchmark EGX 30 Index broke a new psychological barrier, climbing above 40,000 points for the first time in its history. It closed at 40,150 points, up 1.9% from its previous close of 39,949 points recorded last Thursday.

Market analysts attribute the robust performance to renewed investor confidence, expectations of continued economic reforms, and strong participation by regional and foreign funds seeking exposure to Egypt’s blue-chip stocks.

The rally was led by gains in heavyweight sectors, particularly banking, construction, and telecommunications, which continue to attract substantial inflows amid an improving macroeconomic outlook.

Financial experts suggest the momentum could continue if liquidity remains strong and corporate earnings sustain their positive trajectory, potentially positioning the Egyptian Exchange among the best-performing markets in the region by year-end.