The Egyptian Exchange (EGX) surged across all major indices last Thursday, buoyed by strong gains and a resurgence in foreign investment appetite. The EGX30, the benchmark index, rose by 0.93% to close at 35,809.36 points, while the Shariah-compliant EGX33 climbed 1.07% to 3,614.74. Small- and mid-cap indices followed suit—EGX70 added 0.71% to reach 10,580.80, and the broader EGX100 was up 0.74% at 14,222.39. Total market capitalization reached EGP 2.475 trillion.
Foreign investor activity underscores the bullish sentiment: non-Arab investors were net buyers, pumping EGP 1.27 billion into the market, while Arab investors added a modest EGP 16.4 million. By contrast, Egyptian investors were net sellers, offloading EGP 1.29 billion.
Among top movers, North Cairo Mills surged 20%, and South Cairo & Giza Mills & Bakeries followed closely with a 19.99% jump. Nasr Company for Civil Works also posted significant gains at over 10%. Meanwhile, Alexandria National Co. for Financial Investment, Golden Textiles & Clothes Wool, and Misr Duty Free Shops led declines, each slipping more than 5%.
The rebound in EGX activity comes as part of a broader transformation of Egypt’s capital markets. The General Authority for Investment and Free Zones (GAFI) and EGX are accelerating efforts to boost listings through attractive IPO pipelines and legislative incentives, targeting a wider investor pool and enhanced market diversity. Sectors such as real estate, manufacturing, and technology are top of the agenda.
This momentum is supported by broader economic stabilization. Structural reforms—represented through the 2024 currency flotation, improved fiscal policies, and IMF-backed funding—helped tame inflation and stabilize Egypt’s macroeconomic outlook. These efforts have helped rekindle investor confidence, both locally and abroad.
Furthermore, Egypt’s EGX welcomed 123,000 new retail investors in the first half of 2025, a clear sign that participation in the market is on the rise. This rally reflects a turning point—renewed structural confidence, a clearer reform trajectory, and strong IPO prospects are offsetting local investor hesitation. Foreign capital is once again seeing opportunity.
Market Outlook
- IPOs ahead: Preparations are underway for new offerings which could further energize the market and broaden sectoral representation.
- Foreign inflows are likely to remain robust, given global appetite for emerging markets and Egypt’s improving fundamentals.
- Policy tailwinds and economic reforms may continue powering momentum if sustained through year-end.
