On Thursday, March 6, 2025, Egypt’s stock market, the EGX, displayed a mixed performance as contrasting movements in indices highlighted the day’s trading activity. The main index, EGX30, witnessed a modest increase of 0.23%, closing at 30,947.44 points, signaling resilience among blue-chip stocks.
Conversely, the Shariah-compliant index, EGX33, experienced a slight dip of 0.05%, settling at 3,296.47 points. Meanwhile, the EGX70 index, which tracks small and mid-cap enterprises, edged up by 0.19% to reach 8,549.66 points. The broader EGX100 index also rose, mirroring the EGX30’s gain of 0.23% to end the day at 11,867.56 points.
The total market capitalization stood at a robust 2.283 trillion Egyptian pounds, reflecting the sustained interest and engagement in Egypt’s capital markets.
A significant driver of the day’s market activity was the notable participation of both Arab and non-Arab foreign investors. They emerged as net buyers, contributing 324 million and 1.717 billion Egyptian pounds, respectively, to the market. In contrast, Egyptian investors were net sellers, offloading shares worth 2.041 billion Egyptian pounds.
Top Performers:
– Ismailia Development and Real Estate Co. led the risers with an impressive 17.16% surge, closing the trading session at 31.95 Egyptian pounds per share.
– The Egyptian Company for Construction Development-Lift Slab saw its shares climb by 8.30%, trading at 0.718 Egyptian pounds per share.
– International Company for Fertilizers & Chemicals also posted strong gains, with their shares increasing by 7.27% to a purchasing price of 14.17 Egyptian pounds each.
Stocks Facing Declines:
– Egyptian for Tourism Resorts shares dropped by 5.48%, closing at 5.00 Egyptian pounds.
– Concrete Fashion Group for Commercial & Industrial Investment experienced a 4.76% decline, ending the day at 0.120 Egyptian pounds.
– Golden Coast Company shares fell by 4.51%, concluding at 1.270 Egyptian pounds.
Market analysts suggest that the influx of foreign investment could be attributed to Egypt’s ongoing economic reforms and stable macroeconomic indicators, which have made the EGX an attractive destination for international investors. Dr. Hisham Magid, a financial analyst at the Egyptian Center for Economic Studies, commented, “The consistency in Egypt’s economic policies continues to draw foreign interest, providing a buffer against local selling pressures seen today.”
For Egyptian investors, global specialists, and Middle East readers, the mixed outcomes underscore the dynamic nature of the EGX, influenced by both domestic developments and international market conditions. The participation of foreign investors acts as a testament to Egypt’s growing prominence in the regional investment landscape, with its stock market offering a platform for diverse investment opportunities.
