Egypt's Stock Market Ends Session in Green, Market Cap Gains EGP 7.7 Billion
Egypt's stock market closed on a strong note Sunday, with benchmark indices ending the session in the green amid widespread buying activity.
The market added EGP 7.72 billion in market capitalization, pushing the total value of listed shares to EGP 2.407 trillion.
The benchmark EGX30 index rose 0.22% to close at 34,272 points, continuing its rebound following losses in the previous session. The EGX70 EWI, which tracks small and mid-cap companies, gained 0.85% to reach 10,312 points, while the broader EGX10 EWI climbed 0.66% to end the day at 13,899 points.
Sunday's rally was supported by strong performances from both blue-chip stocks and retail-driven equities, signaling improved investor sentiment and a renewed appetite for risk across the board.
Analysts pointed to a mix of technical recovery and positive market breadth as key drivers of the session's gains, particularly following the recent period of volatility. The upward momentum in the EGX70 and EGX10 was especially notable, reflecting increased activity among small-cap and retail investors.
The Egyptian Exchange's performance this week will be closely watched as investors digest local economic developments and await further signals from global markets.
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