Egyptian Stock Exchange Extends Gains on Strong Foreign Buying

The Egyptian Stock Exchange continued its upward momentum at mid-session, supported by strong buying from foreign investors, while Egyptian and Arab investors leaned toward selling, amid active trading volumes exceeding EGP 3.7 billion.

Market benchmarks posted notable gains, reflecting improved risk appetite among foreign investors for blue-chip stocks, alongside positive moves across mid- and small-cap indices.

The Egyptian Stock Exchange also saw advances in total return and equal-weight indices, as well as the Sharia-compliant index, while the Tamayoz index recorded a modest decline, highlighting mixed performance across sectors.

During the session, the exchange temporarily halted trading in several stocks after they breached volatility limits, as part of regulatory measures aimed at maintaining orderly markets.

Insider and major shareholder activity showed a mix of buying and selling, alongside the execution of block trades, indicating ongoing portfolio rebalancing within the market.

Analysts suggest that sustained foreign inflows could help the Egyptian Stock Exchange maintain its upward trend in the near term, particularly amid improving corporate earnings and rising investor confidence.