Egypt’s stock market ended the week firmly in positive territory, with the EGX30 benchmark index rising 1.22% to close at 35,403 points. Gains were broad-based, with most indices finishing in the green:
EGX33 (Shariah index): +0.84% at 3,481.45 points
EGX35-LV: +0.44% at 3,857.73 points
EGX70 (SMEs): +0.06% at 10,618.95 points
EGX100: +0.19% at 14,092.05 points
Total market capitalization climbed to EGP 2.51 trillion, reflecting steady investor appetite despite macroeconomic pressures.
Foreign investors were the key drivers of this week’s gains. Non-Arab foreigners were net buyers of EGP 9.68 billion, while Arab investors added EGP 142.1 million. By contrast, Egyptian investors were net sellers of EGP 9.82 billion, booking profits after recent rallies.
Top Performers
Egyptian for Tourism Resorts surged 8.84% to close at EGP 9.36/share, buoyed by expectations of a strong winter tourism season.
Eastern Company, the tobacco monopoly, advanced 7.36% to EGP 41/share, extending gains on robust dividend prospects.
Pyramisa Hotels rose 6.48% to EGP 192.9/share, supported by optimism in the hospitality sector.
Lagging Stocks
South Cairo & Giza Mills and Bakeries plunged 7.04% to EGP 115.87/share, pressured by higher input costs.
Wadi Kom Ombo Land Reclamation slid 6.92% to EGP 238.28/share, amid investor concerns over agricultural land reforms.
Copper for Commercial Investment & Real Estate Development fell 6.40% to EGP 0.833/share, weighed down by weak liquidity.
Analysts expect foreign inflows to continue supporting the EGX in the coming weeks, driven by attractive valuations, a more stable exchange rate, and prospects of new IPOs under the government’s privatization program. However, profit-taking by local investors could cap short-term gains.
