Egyptian Exchange Sees Sweeping Sell-Off as Market Cap Sheds EGP 61 Bln

The Egyptian Exchange closed Sunday’s session in broad decline, as heavy selling by Arab and foreign investors dragged all major indices into the red, wiping out approximately EGP 61 billion in market capitalization.

The benchmark EGX30 index fell 2.18% to close at 49,560 points, reflecting sharp losses among leading blue-chip stocks. The downturn extended to smaller equities, with the EGX70 index for small and mid-cap companies sliding 2.35% to 12,477 points. 

The broader EGX100 index also retreated 2.22%, ending the session at 17,409 points.

Market capitalization of listed shares declined to EGP 3.245 trillion, down from EGP 3.306 trillion in the previous session, a steep erosion underscoring the intensity of the sell-off.

Trading data showed that Arab and foreign investors were net sellers, offloading shares with net sales totaling EGP 8.93 million and EGP 29.82 million, respectively. In contrast, Egyptian investors moved against the tide, registering net purchases of EGP 38.75 million in an apparent attempt to cushion the market’s fall.

Total turnover reached EGP 4.405 billion, with 1.105 billion shares changing hands across 139,000 transactions,  indicating elevated trading activity as investors repositioned portfolios amid mounting pressure.

Market analysts attributed the collective decline to sustained foreign outflows and profit-taking activity, warning that investor sentiment may remain fragile in the near term unless fresh liquidity or positive catalysts emerge.