African Regions

Egypt: EGX30 edges higher as trading opens on positive momentum

Egypt: EGX30 edges higher as trading opens on positive momentum Cairo, Egypt – The Egyptian Stock Exchange (EGX) opened Wednesday’s session on a positive note, with the main EGX30 index rising 0.21% to 36,077 points, reflecting steady investor confidence in the market. The EGX Sharia Index advanced 0.52% to 3,663 points, while the EGX35-LV, EGX100, and EGX70 indices rose 0.22%, 0.37%, and 0.39% to 3,853, 14,373, and 10,688 points respectively. Market activity showed a mix of foreign selling and domestic buying. Foreign investors recorded net sales of EGP 9.55 million, whereas Arab and Egyptian investors were net buyers at EGP 7.81 million and EGP 1.742 million respectively. The total trading value reached approximately EGP 347 million, with 175 million shares changing hands across 13,800 transactions. The upward trend followed Tuesday’s positive close, when the EGX30 gained 0.26% to 36,003 points and the Sharia Index edged up 0.01% to 3,644 points. Other major indices also recorded gains, with the EGX35-LV rising 0.3% to 3,844 points, EGX100 increasing 0.44% to 14,321 points, and EGX70 up 0.57% to 10,646 points. The market capitalization of listed shares stood at EGP 2.504 trillion, with Egyptian investors leading net purchases at EGP 63.6 million, while Arab and foreign investors recorded net sales of EGP 39.2 million and EGP 24.4 million respectively. Tuesday’s total trading value was approximately EGP 4.6 billion, with 1.3 billion shares traded over 103,100 transactions. Analysts attributed the steady performance to continued domestic investor confidence and selective buying in key sectors, despite net selling pressures from foreign investors. Market watchers noted that the EGX continues to benefit from strong fundamentals and improved liquidity, supporting the broader trend of cautious optimism among traders. The EGX’s early gains on Wednesday signal a resilient start to the mid-week session, underscoring ongoing investor interest in Egypt’s equities market amid a mix of domestic and regional economic developments.

Egypt: EGX30 edges higher as trading opens on positive momentum

dailymailafric August 13, 2025

The Egyptian Stock Exchange (EGX) opened Wednesday’s session on a positive note, with the main EGX30 index...

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