Stock Exchange Closes on Mixed Note; EGX30 Edges Higher amid Foreign Buying
Egypt's stock market (EGX) ended Wednesday's session on a mixed note, with the benchmark index EGX30 standing out as the only gainer, buoyed by foreign and Arab investor appetite.
In contrast, broader indices saw mild declines under pressure from local selling activity.
The EGX30 index rose 0.25% to close at 33,119 points, continuing its upward trajectory driven by strategic buying in blue-chip stocks. Meanwhile, the EGX70, which tracks small and medium-sized enterprises (SMEs) slipped 0.38% to 10,085 points. The broader EGX100 index posted a marginal decline of 0.05%, ending the session at 13,652 points.
Investor Activity
Local investors adopted a risk-off approach, emerging as net sellers with total outflows amounting to EGP 55.8 million. On the other hand, Arab and foreign investors were net buyers, injecting EGP 33.09 million and EGP 22.7 million, respectively, into the market.
Trading Overview
Total trading value: EGP 4.1 billion
Number of executed transactions: 91,739
Listed companies traded: 212
Market cap: EGP 2.3 trillion
The session saw 64 stocks gain, 115 decline, and 34 remain unchanged, reflecting a cautious trading environment amid economic crosswinds and anticipation of upcoming macroeconomic data.
Market Sentiment
Analysts note that the resilience of EGX30, despite broader weakness, highlights investor confidence in heavyweight stocks, particularly those benefiting from currency hedging and export-driven earnings.
The foreign buying streak also signals renewed interest in Egyptian equities as regional investors seek diversification and yield opportunities.
The Stock Exchange has resumed full trading operations after a temporary suspension triggered by a major fire at the Ramses Central Telecommunications Center, one of Cairo's most critical infrastructure hubs.
The blaze, which broke out early Tuesday, caused widespread disruption to internet and landline communications, affecting financial institutions, brokerage firms, and retail investors nationwide. The incident highlighted the vulnerabilities of Egypt's digital infrastructure and its central role in capital market operations.
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