Cairo — Egypt’s stock market closed higher on Thursday, with the benchmark EGX30 index rebounding strongly after earlier volatility during the week.
The EGX30 climbed 2.29% to close at 47,516.44 points, while broader market indices also recorded gains, reflecting improved investor sentiment in the final trading session.
The EGX33 Shariah index advanced 1.61% to 5,048.92 points, and the EGX35-LV index, which tracks the least-volatile stocks, rose 0.81% to 5,156.43 points. Meanwhile, the EGX70 index for small and medium-sized companies gained 1.26% to 12,245.65 points, while the broader EGX100 index increased 1.21% to close at 17,259.93 points.
Total market capitalization of listed companies reached approximately EGP 3.21 trillion at the close of trading.
In terms of investor activity, Egyptian and Arab investors were net buyers, recording net purchases worth about EGP 34.88 billion and EGP 969.4 million, respectively. In contrast, non-Arab foreign investors were net sellers, with transactions totaling approximately EGP 35.85 billion.
Among the day’s best performers, United Housing & Development Egypt shares surged 11.9% to EGP 10.06 per share. Mena Touristic & Real Estate Investment rose 8.56% to EGP 4.69, while El Obour Real Estate Investment gained 7.53% to close at EGP 33.84.
On the downside, Cairo Poultry declined 4.29% to EGP 30.15 per share. Rakta Paper Manufacturing fell 4.26% to EGP 20.01, while Remco for Touristic Villages Construction slipped 4.07% to close at EGP 3.30 per share.
The gains across several indices suggest a broad-based recovery in the Egyptian market at the close of the week, supported by buying activity from domestic and regional investors.
