Thursday, March 12, 2026

EGX Closes February on Firm Footing as Domestic Buying Counters Foreign Outflows

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Egypt’s stock market closed the week of Sunday 22 to Thursday 26 February 2026 in positive territory, rounding off a period marked by alternating sessions and shifting investor sentiment before ending firmly in the green on Thursday. The benchmark EGX30 gained 0.41% to close at 49,212.83 points on the final session, contributing to an overall stabilisation after earlier volatility.

Other key indices also delivered gains. The EGX33 Shariah index climbed 1.03% to 5,172.27 points, the EGX35-LV advanced 0.91% to 5,155.45 points, the SMEs-focused EGX70 rose 0.62% to 12,296.15 points, and the broader EGX100 added 0.65% to 17,343.83 points. Total market capitalisation reached EGP 3.247 trillion, reflecting retained liquidity and modest accumulation in select segments.

Investor flows revealed a clear divergence in activity. Egyptians and Arab investors were net buyers over the week, with net purchases of EGP 12.38 billion and EGP 760.4 million, respectively. Conversely, non-Arab foreign investors were net sellers amounting to EGP 13.14 billion, underlining persistent foreign outflows even as local demand provided support. Those active flows shaped trading dynamics throughout the period and influenced the broader market narrative.

On the winners’ list for the week, AJWA for Food Industries Company Egypt led gains with a substantial 16.10% rise to EGP 117.26 per share, signalling strong appetite in select consumer-linked equities. Arab Aluminum added 8.86% to EGP 19.53, while Copper For Commercial Investment & Real Estate Development jumped 8.22% to EGP 0.316—all suggesting rotation toward fundamentally strong and cyclical names.

At the same time, some heavyweight and sensitive names lagged. Eastern Company declined 4.21% to EGP 41.00 per share, October Pharma dropped 3.84% to EGP 177.00, and United Housing and Development slid 3.54% to EGP 9.54, reflecting selective profit-taking and sector-specific pressures within the market.

The week’s trajectory was shaped against the backdrop of broader regional and global conditions. Earlier in the period, emerging geopolitical concerns triggered risk-off sentiment across regional bourses, with Egypt’s equities among those that corrected in response to external risk premiums. For example, regional tension stemming from diplomatic negotiations and geopolitical developments weighed on trading on Sunday, 22 February, contributing to declines in benchmark indices across the Middle East.

Despite these headwinds, the EGX demonstrated resilience in the latter half of the week. The recovery into the weekend reflected local investor confidence and renewed domestic buying, which helped cushion the market and support multiple sub-indices. Market commentators noted that while foreign outflows remain a consistent theme, the participation of domestic and regional Arab investors has become an important stabilising factor in the current trading environment—a dynamic that may continue to influence direction into March.

Looking forward, market participants will be watching whether sustained domestic and regional accumulation can offset continued non-Arab foreign selling, particularly in the context of global macro developments and regional risk sentiment. For professional investors and corporate issuers alike, liquidity patterns, capital flows, and sector rotations will remain key indicators of near-term market momentum.

Key Figures at Close (26 Feb 2026)

  • EGX30: 49,212.83 (+0.41%)
  • EGX33 Shariah: 5,172.27 (+1.03%)
  • EGX35-LV: 5,155.45 (+0.91%)
  • EGX70: 12,296.15 (+0.62%)
  • EGX100: 17,343.83 (+0.65%)
  • Market Cap: EGP 3,247,408,300,363

(Notes: All figures based on official exchange data and market reporting.)

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