Egypt’s stock market ended Wednesday’s session with broad-based gains, supported by active trading and fluctuating investor sentiment throughout the day.
Despite a late-session tilt toward selling by foreign and Arab investors, the market maintained upward momentum, buoyed by strong liquidity and selective buying.
The benchmark EGX30 index rose by 1.99% to close at 53,605 points, reflecting solid performance among leading blue-chip stocks. Meanwhile, the EGX70 EWI advanced 0.70% to 14,500 points, signaling moderate gains in small- and mid-cap equities. The broader EGX100 index also climbed 0.99%, ending the session at 20,206 points.
Trading activity remained notably strong, with total turnover reaching EGP 13.806 billion. More than 2.2 billion shares were exchanged through 259,591 transactions, covering 222 listed companies.
Market cap. increased to approximately EGP 3.753 trillion, underscoring the session’s positive trajectory.
Investor behavior showed a mixed pattern. Egyptian and Arab investors were net sellers, recording outflows of EGP 284.463 million and EGP 167.746 million, respectively.
Foreign investors also registered net selling of EGP 452.209 million, particularly toward the close of trading, which slightly tempered the market’s gains.
In terms of stock performance, 116 shares posted gains, compared to 90 decliners, while 17 stocks remained unchanged. The overall market tone suggested continued positive volatility, driven by high liquidity levels and tactical positioning by investors.
EGX
EGX HQ (File Photo)
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