The Egyptian Exchange (EGX) concluded April 2025 with a notable uptick, driven primarily by substantial foreign investment, even as domestic investors adopted a more cautious stance.
On April 30, the EGX30 index, representing the top 30 companies, rose by 0.26% to close at 32,126.22 points. The EGX33, reflecting Shariah-compliant companies, increased by 0.34% to 3,313.49 points. The EGX70, focusing on small and medium enterprises, climbed by 1.08% to 9,390.15 points, while the broader EGX100 advanced by 0.72% to 12,805.63 points. The market capitalization reached approximately EGP 2.28 trillion, indicating sustained investor confidence.
Investor Activity Analysis
Foreign investors played a pivotal role in the market’s positive performance, with non-Arab foreigners being net buyers to the tune of EGP 3.85 billion. In contrast, Egyptian investors were net sellers, offloading EGP 3.05 billion, and Arab investors sold EGP 803 million worth of shares.
Dr. Laila Mahmoud, a financial analyst at Cairo University, commented, “The influx of foreign capital suggests a strong international belief in Egypt’s economic reforms and growth potential. However, the domestic sell-off indicates local investors are perhaps adopting a wait-and-see approach amidst ongoing economic adjustments.”
Top Gainers:
- Egyptian Co. for Tourism Resorts: The company’s shares surged by 19.95%, closing at EGP 9.44. This rise is attributed to renewed investor interest in Egypt’s tourism sector, buoyed by government initiatives to revitalize the industry.
- Al Tawfeek Leasing Company (A.T.LEASE): Shares increased by 10.44% to EGP 5.50, following the announcement of an annual dividend of EGP 0.47 per share, payable on April 22, 2025. MarketScreener+1Simply Wall St+1
- Orascom Financial Holding: The stock climbed by 9.43% to EGP 0.476, reflecting investor optimism in the company’s strategic financial ventures.
Top Losers:
- El Kahera El Watania Investment: Shares declined by 8.85%, closing at EGP 27.51, possibly due to profit-taking activities.
- October Pharma: The stock fell by 7.04% to EGP 106.68, amid concerns over sector-specific challenges.
- Gogreen for Agricultural Investment: Shares decreased by 5.22% to EGP 1.27, reflecting investor caution in the agricultural sector.
EgyEEgyhe EGX’s performance at the end of April underscores the market’s resilience and the positive impact of foreign investment. Analysts suggest that continued economic reforms and policy stability will be crucial in maintaining this momentum.
Ahmed El-Sayed, an economist at the Egyptian Center for Economic Studies, noted, “Sustained foreign interest is a testament to Egypt’s improving economic landscape. However, to capitalize on this, it’s imperative to bolster domestic investor confidence through transparent policies and economic incentives.”
As Egypt navigates its economic reform agenda, the EGX’s performance will remain a barometer of investor sentiment and the broader economic trajectory.
