Egypt’s stock market closed the week of September 11 on a firm note, with all major indices finishing in the green. The benchmark EGX30 Index added 0.77% to close at 34,937.44 points, driven largely by foreign inflows.
Other indices also recorded modest gains:
The EGX33 Shariah Index rose 0.77% to 3,488.41 points.
EGX35-LV added 0.41%, ending at 3,875.92 points.
EGX70 (SMEs Index) edged up 0.11% to 10,910.71 points.
EGX100 climbed 0.23% to settle at 14,390 points.
The total market capitalization stood at EGP 2.49 trillion, underscoring the resilience of the bourse amid shifting investor sentiment.
Investor Flows
Foreign investors remained net buyers, highlighting confidence in Egypt’s equities:
Non-Arab foreigners posted net purchases worth EGP 1.19 billion.
Arab investors bought EGP 125.7 million worth of shares.
Conversely, Egyptian investors were net sellers, offloading EGP 1.32 billion.
Analysts note that the divergence in flows reflects a growing foreign appetite for Egyptian assets, even as local investors remain cautious amid inflationary pressures and higher domestic yields.
Top Gainers
Saudi Egyptian Investment and Finance surged 20% to EGP 160.63 per share, topping the week’s winners.
Ferchem Misr for Fertilizers and Chemicals climbed 19.99% to EGP 65.67, reflecting strong momentum in commodity-linked stocks.
Ismailia Development and Real Estate advanced 8.91% to EGP 39.86, buoyed by renewed interest in property-related shares.
Top Losers
Premium Healthcare Group tumbled 19.51% to EGP 0.132, leading the declines.
South Cairo & Giza Mills and Bakeries shed 6.01% to EGP 116.05, pressured by weaker earnings outlooks.
Golden Coast Company dropped 4.75% to EGP 3.21.
Market Sentiment
Market watchers suggest the week’s rally was underpinned by selective foreign buying in blue-chip names, but note that domestic headwinds—including inflationary trends and tighter liquidity—could cap further upside. The EGX’s performance is likely to remain tied to macroeconomic signals, currency stability, and continued foreign portfolio inflows.
