Egyptian indices closed higher on Wednesday, extending gains as strong buying interest from domestic and Arab investors buoyed market performance and drove a notable increase in market capitalization.
The benchmark index of the Egyptian Exchange EGX30 rose 0.29% to settle at 52,383 points, supported by broad-based optimism and steady trading activity. Gains were also reflected across secondary indices, with the equal-weight index EGX70 EWI climbing 0.36% to 14,023 points, while the broader equal-weight index EGX100 EWI advanced 0.52% to end the session at 19,626 points.
Meantime, the Shariah lost -0.02 % to settle at 5559.46 points, while the Tamayuz index gained 0.2% to close at 25693.83 points.
Market cap. recorded a significant increase of approximately EGP 15 billion, closing at EGP 3.672 trillion, compared with EGP 3.657 trillion in the previous session. Turnover remained robust, with total trading value reaching EGP 8.8 billion, underscoring sustained investor engagement.
Trading patterns revealed a clear divergence among investor groups. Egyptian investors accounted for the largest share of transactions at 67.36% and posted net purchases worth EGP 16.6 million. Arab investors also ended the session as net buyers, recording inflows of EGP 19 million. In contrast, foreign investors continued to trim positions, registering net sales totaling EGP 35.7 million.
Analysts attribute the market’s upward movement to renewed confidence among local and regional investors, alongside selective buying in leading stocks, including shares such as Edita Food Industries, which remained in focus during the session.
Market breadth leaned positive, with 115 stocks advancing compared to 87 decliners, while 18 shares closed unchanged. The overall performance signals cautious optimism, as investors continue to monitor macroeconomic indicators and currency movements that may influence near-term sentiment.
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