The Egyptian Exchange closed Sunday’s session, the first trading day of the week, on a broad-based rally, with all major indices posting gains amid strong buying activity from domestic investors.
The benchmark EGX30 rose by 1.07% to close at 52,312 points, while the equal-weighted EGX70 EWI climbed 1.96% to 14,303 points. The broader EGX100 also advanced by 1.8%, ending the session at 19,943 points.
The gains were supported by positive performance across most blue-chip and mid-cap stocks, reflecting improved investor sentiment at the start of the trading week.
Egyptian investors emerged as net buyers, recording purchases worth approximately EGP 259 million. In contrast, foreign and Arab investors were net sellers, offloading shares valued at EGP 222.7 million and EGP 36 million, respectively.
Domestic investors dominated trading activity, accounting for 96.74% of total transactions, compared with 2.90% for Arab investors and just 0.35% for foreign participants.
Market capitalization posted strong gains of EGP 49 billion, reaching EGP 3.717 trillion, up from EGP 3.668 trillion at the close of last Thursday’s session.
Total trading value stood at approximately EGP 10.4 billion, indicating robust market activity.
On the equities front, 150 stocks advanced, while 54 declined and 16 remained unchanged, pointing to a broadly positive market breadth.
Sunday’s rally signals renewed optimism among local investors, with strong liquidity and buying momentum helping lift the market despite continued selling pressure from foreign participants.
Follow the latest news on Google News
