Egyptian Stocks Surge 1.2% to Record High as Foreign Investors Fuel Rally

Egypt’s benchmark stock index soared more than 1.2% on Sunday, hitting an all-time high of 54,250.28 points, as strong foreign buying and improving investor sentiment powered a broad market rally.

Trading values surged to EGP 12.3 billion, reflecting heightened investor appetite and renewed momentum in the market following a wave of institutional and retail purchases.

The EGX30, the Egyptian Exchange’s main index, extended recent gains amid renewed appetite for emerging-market assets and growing confidence in Egypt’s economic outlook. the benchmark index surged 1.91% to finish at a record 54,628 points.

The small- and mid-cap EGX70 EWI Index rose 1.40% to close at 14,702 points, while the broader EGX100 Index advanced 1.72% to 20,553 points, highlighting gains across most sectors of the Egyptian Exchange.

Investor activity showed strong demand from both Egyptian and foreign investors during the session. Egyptian investors recorded net purchases worth EGP 55.998 million, while foreign investors posted net buying of approximately EGP 185.346 million.

In contrast, Arab investors moved toward selling, registering net sales totaling 241.345 million pounds.

Shares of Alexandria Pharmaceuticals and Chemical Industries led the market advance with a 20% jump, followed by Nile Pharmaceuticals and Chemical Industries, which climbed nearly 14%.

Analysts said the sharp rise in the market was primarily driven by increased purchases from foreign investors, who have expanded their positions in Egyptian equities over recent trading sessions.

The influx of foreign capital significantly boosted market liquidity, helping push the EGX30 to unprecedented levels. Investors have also responded positively to signs of relative stability in several key macroeconomic indicators, easing concerns that had weighed on the market in recent months.

The rally comes as global investors rebalance portfolios across emerging markets, with part of international liquidity shifting toward lower-valued markets that offer stronger medium-term return potential.

The market surge coincided with a modest decline in the U.S. dollar against the Egyptian pound during Sunday’s trading, signaling slight improvement in the local currency alongside the stock market’s strong performance.

The parallel movement in equities and currency markets has reinforced perceptions of improving financial stability, even as Egyptians continue to closely monitor exchange-rate fluctuations due to their direct impact on import prices and domestic inflation.

Official data released by Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) showed annual urban inflation eased to 14.9% in April 2026, down from 15.2% in March, offering additional support to investor confidence and raising expectations that inflationary pressures may be gradually moderating.