Egyptian stocks closed broadly higher on Wednesday, supported by strong buying from domestic investors that pushed the benchmark index to another record level and added billions of pounds to the market's value.
The EGX30, the Egyptian Exchange's benchmark index, rose 0.09% to close at 50,532.7 points. The EGX70 EWI, which tracks small- and mid-cap shares, gained 1.15% to 15,680.9 points, while the broader EGX100 EWI advanced 0.89% to finish at 21,330.57 points.
The rally lifted the market cap. of listed companies by approximately EGP 35 billion, bringing the total market value to EGP 3.714 trillion by the close of trading.
Trading activity reflected diverging investor sentiment across market participants. Egyptian investors were net buyers, recording purchases worth EGP 233.6 million, providing the main support for the market's gains.
In contrast, Arab and foreign investors were net sellers, with net sales totaling EGP 72.6 million and EGP 161.06 million, respectively.
Despite foreign and regional selling pressure, sustained domestic demand helped keep Egypt's equity market in positive territory at the end of the session.
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