Egyptian Stocks Close on Mixed Performance as Foreign Buying Lifts Mid-Cap Indices

Egypt’s stock market ended Wednesday’s session on a mixed note, as strong foreign investor inflows buoyed mid- and small-cap indices, offsetting selling pressure from local and Arab traders.

The benchmark EGX30 index edged slightly lower, slipping 0.03% to close at 51,962 points. In contrast, the EGX70, which tracks small- and mid-cap stocks, advanced 0.57% to 13,717 points, while the broader EGX100 index climbed 0.81%, ending the session at 19,212 points.

Market activity revealed a clear divergence in investor behavior. Egyptian and Arab investors leaned toward selling, recording net outflows of EGP 162.99 million and EGP 205.19 million, respectively. Meanwhile, foreign investors posted robust net purchases totaling EGP 368.18 million, offering crucial support to the market, particularly within the mid-cap segment.

Analysts noted that foreign inflows have increasingly played a stabilizing role in recent sessions, helping sustain upward momentum in broader market indices despite localized selling pressure.

Total trading value reached approximately EGP 11.96 billion, with a volume of 3.15 billion shares exchanged across 226,630 transactions. The session included trading on 219 listed companies, reflecting broad market participation.

Market cap. stood at around EGP 3.603 trillion by the close of trading.

Despite the mixed headline performance, market breadth leaned positive. A total of 125 stocks posted gains, compared to 79 decliners, while 16 stocks remained unchanged.