Egyptian Exchange Closes in Red Zone, Loses EGP 18 Bln in Market Value

The Egyptian Exchange ended Sunday’s trading session on a broadly negative note, with all major indices declining amid notable foreign selling pressure, wiping out approximately EGP 18 billion in market capitalization.

The benchmark EGX30 index fell by 1.27%, closing at 46,404 points, reflecting losses among leading blue-chip stocks. Broader market indices followed suit, as the EGX70 index for small and mid-cap stocks dropped 0.77% to 12,608 points, while the EGX100 index declined 0.76% to settle at 17,587 points.

Total market capitalization stood at EGP 3.243 trillion by the end of the session, down from EGP 3.261 trillion in the previous close, marking a loss of nearly EGP 18 billion in a single day.

Trading activity revealed a divergence in investor behavior. Egyptian and Arab investors moved toward net buying, recording net inflows of EGP 144.4 million and EGP 17.3 million respectively. In contrast, foreign investors were net sellers, offloading equities worth approximately EGP 161.8 million, exerting downward pressure on the market.

Despite the decline, market activity remained relatively robust. Total traded shares reached EGP 6.18 billion, with around 1.581 billion shares exchanged across 149,000 transactions.

Outlook

Sunday’s losses highlight continued sensitivity in the Egyptian market to foreign capital flows, with external investors playing a decisive role in short-term directions. Analysts suggest that market direction in the coming sessions will likely depend on whether foreign selling persists or domestic buying can absorb the pressure.