Egyptian Stocks End Session Mixed as Foreign Selling Weighs on EGX30

The Egyptian Exchange ended Sunday’s trading session on a sharply mixed note, as losses among heavyweight stocks pushed the benchmark index lower despite strong gains in small- and mid-cap shares.

The EGX30, the market’s main index tracking the largest listed companies, fell 1.70% to close at 46,710 points, weighed down by selling pressure that primarily targeted blue-chip stocks. In contrast, the EGX70, which measures the performance of small- and mid-cap companies, advanced 1.69% to reach 12,452 points.

Meanwhile, the broader EGX100 index, which combines constituents of both EGX30 and EGX70, rose 1.305%, ending the session at 17,484 points, reflecting broader buying interest in non-blue-chip equities.

Market activity revealed a clear divergence in investor behavior. Egyptian investors emerged as net buyers, recording purchases worth EGP 130.9 million, while Arab investors also maintained a buying stance with net inflows of approximately EGP 70.8 million.

In contrast, foreign investors continued to reduce exposure, posting net sales of EGP 201.7 million, a factor that contributed significantly to the decline in the benchmark index.

Trading volumes remained relatively strong throughout the session. Total turnover reached EGP 8.083 billion, with approximately 1.635 billion shares changing hands across 193,719 transactions involving 219 listed companies.

By the close of trading, 101 stocks recorded gains, while 91 shares declined, and 27 stocks remained unchanged, underscoring the session’s mixed market sentiment.

The total market capitalization of listed equities stood at EGP 3.240 trillion at the end of the session.