In a promising turn for investors, the Egyptian Exchange (EGX) closed last Wednesday with significant gains across all its key indices. This upward momentum came just ahead of a national holiday, as announced by the EGX administration earlier this week. The market paused trading on Thursday, July 3, 2025, in observance of an official holiday replacing the usual 30th of June Revolution day, with operations set to resume on Sunday, July 6, 2025.
The benchmark EGX30 index rose by 0.35%, closing at 32,820.49 points. The EGX33, known for its Shariah-compliant stocks, advanced by 0.63%, reaching 3,422.82 points. Meanwhile, the EGX70 index, which tracks small and mid-cap stocks, saw a notable increase of 1.25%, closing at 10,006.34 points. The broader picture was equally positive, with the EGX100 index climbing 1.12% to end at 13,498.1 points. The total market capitalization impressively reached approximately 2.34 trillion Egyptian pounds.
Non-Arab foreign investors were the driving force behind the day’s gains, making net purchases totaling 11.96 billion Egyptian pounds. This was followed by Arab investors, who added 4.13 billion pounds in net purchases. In contrast, Egyptian investors took a more cautious approach, with net sales amounting to 16.09 billion pounds.
Top Gainers:
– El Ezz Porcelain (Gemma): Surging by 14.69%, shares closed at 32.800 Egyptian pounds each, leading the day’s winners.
– Odin Egyptian Equity Investment Fund-KASAB: With a remarkable increase of 13.79%, shares ended at 4.950 per share.
– Middle Egypt Flour Mills: This stock gained 10.20%, closing at 68.590 Egyptian pounds per share.
Top Losers:
– Wadi Kom Ombo Land Reclamation: Experienced a downturn, losing 7.30% to close at 138.120 Egyptian pounds per share.
– General Silos and Storage: Shares dropped by 5.53%, ending the day at 274.350 Egyptian pounds each.
– TransOceans Tours: Fell by 5.26%, closing at a modest 0.036 Egyptian pounds per share.
Financial experts attribute the rally to a combination of investor confidence in the Egyptian market’s resilience and attractive valuations presenting buying opportunities. “The current uptick is a reflection of strong foreign interest and a positive outlook on Egypt’s economic reforms,” said Ahmed Khaled, a financial analyst with Cairo Investments.
With the EGX poised trading this week, investors are hopeful that the current momentum will continue to build, further solidifying Egypt’s position as a burgeoning hub for market activity in the region.
