Egypt’s stock market ended last week on a mixed note, with benchmark indices holding near record highs as investors balanced selective buying in banking and pharmaceutical shares against mild profit-taking in industrials. The mood across the market remained broadly constructive, capped by a weekend boost following the official launch of MERIC’s GEMZ AI platform, which underscored optimism around Egypt’s expanding digital-economy narrative.
The EGX30 index edged up 0.10 per cent to close at 38,267.8 points on Thursday, consolidating earlier gains that have pushed the main benchmark toward the upper end of its 52-week range. The EGX35-LV advanced 0.39 percent to 4,334.98, signalling continued appetite for lower-volatility counters, while the EGX70 for small and medium-sized enterprises rose 0.05 per cent to 12,085.6 points. The Shariah-compliant EGX33 dipped marginally by 0.02 percent to 3,925.64, and the broader EGX100 lost 0.04 percent to 15,908.54 points. Market capitalization settled at about EGP 2.77 trillion.
Foreign and domestic investors remained net buyers for the week, as forecasted by the MEO research team last week. Arab investors recorded purchases worth EGP 5.1 billion, non-Arab foreigners added EGP 9.95 billion, and Egyptians continued to lead overall inflows with EGP 15.05 billion. The breadth of participation suggested liquidity remains ample despite global market volatility and ongoing regional risk.
Among individual movers, Suez Canal Bank shares surged 18.11 per cent to EGP 39.39, extending a rally fuelled by robust third-quarter banking results and rising confidence in the sector’s balance-sheet strength. Macro Group Pharmaceuticals advanced 11.69 per cent to EGP 3.63, reflecting sustained interest in healthcare stocks following reports of growing export demand. Gogreen for Agricultural Investment rose 7.56 per cent to EGP 1.85 amid investor enthusiasm for agritech and state-backed sustainability initiatives. On the downside, Egyptian Iron & Steel fell 5 per cent to EGP 40.32, while Copper for Commercial Investment and Real Estate Development declined 4.76 per cent to EGP 0.60, and Nasr Company for Civil Works slipped 4.44 per cent to EGP 6.89 after recent rallies in construction shares prompted profit-taking.
The underlying tone of the market has been buoyed by improving fundamentals. S&P Global’s October upgrade of Egypt’s sovereign credit rating to “B” with a stable outlook helped anchor sentiment, with investors pointing to fiscal consolidation, stronger growth forecasts, and rising foreign-currency buffers as reasons for optimism. Analysts also highlighted that inflation appears to be easing, prompting speculation the Central Bank of Egypt could begin a gradual monetary-policy easing cycle before year-end.
Looking ahead, November trading is expected to hinge on corporate earnings and policy developments, with investors closely watching the implementation of the IMF-supported reform agenda and signals regarding subsidy restructuring and exchange-rate management. Continued strength in banking and consumer sectors, coupled with foreign inflows and a more stable FX outlook, are expected to support equities even as global markets remain uncertain.
Adding to the upbeat mood, MERIC’s GEMZ AI launch on Saturday, November 1, drew wide participation from institutional, academic, and policy circles. The platform—positioned as a regional AI-driven knowledge and research hub—symbolised Egypt’s pivot toward digital transformation and data-intelligence services. Its debut reinforced investor confidence that Egypt’s capital market and knowledge economy are increasingly intertwined, feeding into a broader narrative of innovation, reform, and resilience as the country heads into 2026.
