Egyptian Stocks End Lower as Broad-Based Selling Weighs on Market

Egypt's stock market closed lower on Sunday, with all major indices ending the session in negative territory as selling pressure weighed on large-cap and mid-cap stocks despite continued buying by domestic and foreign investors.

The benchmark EGX30 Index declined 0.93% to close at 52,164 points, reflecting weakness among leading blue-chip shares. The EGX70 Equal Weight Index, which tracks small and medium-sized companies, fell 0.65% to 15,349 points, while the broader EGX100 Index dropped 0.68% to finish at 21,231 points.

Market capitalization of listed companies stood at approximately EGP 3.754 trillion at the close of trading.

Trading data showed a predominantly negative market performance, with 137 stocks posting losses, compared with 71 gainers, while 12 stocks ended the session unchanged.

Investor activity revealed mixed sentiment across different categories. Egyptian investors emerged as net buyers with purchases totaling approximately EGP 143.1 million, while foreign investors also recorded net buying of around EGP 43.6 million. In contrast, Arab investors were net sellers, offloading shares worth a net EGP 186.7 million.

Turnover remained robust, with the value of traded shares reaching approximately EGP 9.24 billion. A total of 3.92 billion shares changed hands through 213,672 transactions involving 220 listed companies.