Egyptian Stock Exchange Opens Week with Strong Gains Despite Local Selling Pressure

The Egyptian Stock Exchange (EGX) kicked off the week with broad-based gains on Sunday, as key indices closed higher amid robust trading activity, even as local investors leaned toward selling.

The benchmark EGX30 index surged by 1.89%, ending the session at 47,276 points, reflecting renewed momentum in blue-chip stocks. Meanwhile, the EGX Shariah Index outperformed, rising 2.37% to close at 5,025 points, signaling strong demand for Sharia-compliant equities.

Gains extended across the broader market, with small- and mid-cap stocks also posting positive performance. The EGX70 index climbed 0.73% to reach 12,846 points, while the EGX35-LV advanced 1.02% to 5,367 points. The EGX100, which tracks a wider range of companies, rose 0.98% to close at 17,898 points.

The rally underscores improving investor sentiment and a continued appetite for equities at the start of the trading week.

Despite the upward trajectory, Egyptian investors moved toward net selling, offloading shares worth approximately EGP 155.7 million. In contrast, foreign investors recorded net purchases totaling EGP 146.7 million, while Arab investors added a modest net buying position of EGP 9.03 million.

Analysts note that foreign inflows played a decisive role in supporting the market’s gains, offsetting domestic selling pressure and reinforcing the upward trend.

Market activity was notably strong, with total trading values reaching approximately EGP 6.1 billion pounds. Around 161,700 transactions were executed on nearly 2.6 billion shares, highlighting a surge in liquidity and investor engagement.