In a move reflecting regional economic resilience, the Egyptian Exchange (EGX) wrapped up the week on a positive note. On March 13, 2025, the EGX30, the main index, ascended by 0.78%, reaching 31,290.62 points. This marks a significant achievement amidst fluctuating global market trends.
The bullish trend didn’t stop there. The Shariah-compliant index, EGX33, increased by 1.26%, settling at 3,384.59 points. Meanwhile, the small and medium enterprises index, EGX70, rose 0.57%, closing at 8,787.13 points, while the comprehensive EGX100 index gained 0.78%, ending at 12,209.73 points. This upward trajectory has raised Egypt’s market capitalization to an impressive 2.24 trillion Egyptian pounds.
Arab investors and non-Arab foreigners showed robust buying activity, contributing 491.55 million and 4.39 billion Egyptian pounds, respectively. However, Egyptian investors took a more cautious stance, ending as net sellers with 4.88 billion Egyptian pounds. This activity highlights the diverse dynamics at play within Egypt’s financial ecosystem.
On the gainers’ side, Misr National Steel – Ataqa experienced a remarkable surge of 9.33%, ending at 8.20 Egyptian pounds per share. Arab Ceramic CO. – Ceramica Remas and Egypt Aluminum followed suit, rising by 6.34% and 6.25%, closing at 0.872 and 174.00 Egyptian pounds respectively.
Contrastingly, the Rights Issue of Beltone Holding -4 saw a significant dip, plummeting 18.03% to 0.050 Egyptian pounds per share. Other notable decliners included Cairo Oils & Soap and Rowad Tourism (Al Rowad), which fell by 7.79% and 4.94%, closing at 0.355 and 25.61 Egyptian pounds respectively.
Regional economic reports suggest Egypt’s strategic location and economic reforms will continue to attract foreign investments, with an expected growth over the coming months.
In conclusion, while the Egyptian Exchange ended the week favorably, the market remains vigilant of global economic shifts. As Egypt continues to reform its economic landscape, the EGX is likely to maintain its position as a pivotal player in the Middle East’s financial markets. Keep an eye on upcoming policy announcements and regional developments to better understand the potential trajectories for Egypt’s market.
