Thursday, May 14, 2026

EGX closes mixed as foreign buying continues while blue chips extend decline

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Cairo Egypt’s stock market ended trading on Wednesday, 13 May 2026 on a mixed note, with the benchmark index falling for a third consecutive session as profit-taking in large-cap stocks continued, while broader indices maintained their upward momentum on sustained buying in mid- and small-cap shares.

The benchmark EGX30 declined 1.19% to 53,416.17 points, according to data from the Egyptian Exchange (EGX), extending losses after the market’s recent rally to multi-year highs earlier this week. The EGX35-LV index also slipped 0.17% to 6,021.45 points.

In contrast, broader market performance remained positive. The EGX70 index of small and medium-sized companies rose 0.89% to 15,069.44 points, while the broader EGX100 advanced 0.57% to 20,942.87 points, extending recent gains as buying interest remained concentrated in non-blue-chip shares. The EGX33 Shariah index edged up 0.08%.

Total market capitalization stood at approximately EGP 3.815tn, remaining near recent highs despite continued weakness in heavyweight stocks.

Investor flows continued to reflect divergent positioning. Non-Arab foreign investors were net buyers by approximately EGP 5.63bn, while Egyptian and Arab investors were net sellers, recording outflows of around EGP 3.99bn and EGP 1.63bn, respectively, according to EGX data.

Trading activity was concentrated in selected real-estate and consumer-related shares. Ismailia Development and Real Estate Co surged 19.98%, while Creast Mark for Contracting and Real Estate Development climbed 9.59% and Amer Group Holding rose 9.02%. On the downside, Catalyst Partners Middle East (CPME) fell 20%, while Gogreen for Agricultural Investment declined 5.18% and Remco for Touristic Villages Construction slipped 4.63%.

The session came as regional markets remained cautious amid continuing uncertainty surrounding negotiations between the United States and Iran. Recent reporting by Reuters indicated that Gulf equity markets traded unevenly as investors monitored oil-price movements and developments linked to shipping routes through the Strait of Hormuz, although easing inflationary pressures and improving domestic liquidity conditions continued to support sentiment in Egypt.

Local macroeconomic indicators have remained supportive for Egyptian equities in recent weeks. Earlier this month, the Central Bank of Egypt (CBE) reported that annual core inflation slowed to 13.8% in April, while net foreign reserves rose to $53.01bn, reinforcing expectations of greater macroeconomic stability and improved currency conditions.

Market participants are also continuing to monitor discussions surrounding potential reforms to capital gains taxation and broader measures aimed at deepening Egypt’s capital markets, amid government efforts to attract additional investment flows and broaden market participation.

Market view: Wednesday’s session reinforced the recent divergence between blue-chip performance and broader market momentum. While continued profit-taking weighed on the EGX30, sustained foreign buying and continued gains in mid- and small-cap shares indicated that trading activity remained active, particularly in real estate and domestically oriented sectors.

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