Cairo — Egypt’s stock market opened the week on 26 April 2026 slightly higher, with the EGX30 adding 0.09% to 52,421.14 points, extending April’s recovery but at a much slower pace than previous sessions. The close kept the benchmark near the two-month high reached last week, when the index ended at 52,375.39 points on 23 April.
The broader market was firmer. The EGX33 Shariah index rose 0.42% to 5,551.58 points, the EGX35-LV gained 0.19% to 5,708.1 points, the EGX70 advanced 0.46% to 13,882.88 points, and the EGX100 climbed 0.42% to 19,432.76 points. Market capitalization stood at about EGP 3.627tn.
Flows showed a cautious split. Egyptian and Arab investors were net buyers, with purchases of EGP 81.63bn and EGP 23.36bn, respectively, while non-Arab foreign investors were net sellers by EGP 104.99bn. That pattern suggests local and regional money continued to support the rally, while foreign accounts used recent gains to reduce exposure.
The session came as most Gulf markets also edged higher despite stalled US-Iran diplomacy, according to Reuters. However, the same conflict continues to cloud Egypt’s outlook through higher oil prices, inflation risk and pressure on external accounts; economists recently cut Egypt’s 2026 growth forecast to 4.6% from 4.9% in a Reuters survey.
MEO market reading: Sunday’s rise was constructive but thin. The EGX remains in an upward trend, supported by local liquidity and the state-listing pipeline, but the very small EGX30 gain and heavy foreign selling show that investors are no longer chasing the rally aggressively. The next test is whether the index can hold above 52,000 points if oil continues rising on stalled Iran talks.
