Buying Support Lifts EGX30, Maintains Positive Momentum Despite Sharia Index Decline
EGX30 rose 0.65% on strong buying, while the Sharia Index fell 1.39%, showing selective gains in Egypt's stock market.
Cairo | EcoPulse24
The Egyptian stock market ended today's session with a mixed performance skewed towards positivity, as the main EGX30 index maintained its gains, selectively supported by leading stocks, while the Sharia Index came under clear pressure. EGX30 closed at 43,684.22 points, up 0.65%, in a session characterized by wide trading ranges and relatively high risk appetite. The index fluctuated between a low of 43,404.25 and a high of 44,368.75, opening at 43,404.25. Year-to-date, EGX30 has risen 4.44%, reflecting a sustained upward trend fueled by selective inflows.
Main Index Performance
| Index | Level | Change |
|---|---|---|
| EGX30 | 43,684.22 | 0.65% |
| EGX30 (USD) | 3,146 | 0.72% |
| Sharia Index | 4,592.01 | -1.39% |
EGX30 Constituents Activity
| Item | Value | % of Total |
|---|---|---|
| Traded Value (EGP) | 3,321,615,861 | 57.77% |
| Traded Volume | 255,291,511 | 16.72% |
| Number of Transactions | 53,168 | 38.82% |
| Market Capitalization (EGP) | 1,678,593,029,710 | 56.53% |
Sharia Index Activity Details
| Item | Value | % of Total |
|---|---|---|
| Traded Value (EGP) | 1,436,047,880 | 24.98% |
| Traded Volume | 83,478,361 | 5.47% |
| Number of Transactions | 37,959 | 27.72% |
| Market Capitalization (EGP) | 949,934,773,984 | 31.99% |
Top Gainers
| Company | Previous Close | Close | Change % |
|---|---|---|---|
| North Upper Egypt Development & Agricultural Production (Niodap) | 2.330 | 2.440 | 4.72% |
| Commercial International Bank – Egypt (CIB) | 115.100 | 120.330 | 4.54% |
| Prime Holding for Financial Investments | 1.700 | 1.760 | 3.53% |
| East National for Food Security | 9.640 | 9.970 | 3.42% |
| GB Corporation | 27.110 | 28.000 | 3.28% |
Top Losers
| Company | Previous Close | Close | Change % |
|---|---|---|---|
| M.B Engineering | 4.200 | 3.860 | -8.10% |
| Saudi Egyptian Investment & Finance | 163.120 | 150.920 | -7.48% |
| Rowad Tourism – Rowad | 34.150 | 31.880 | -6.65% |
| Qalaa Holdings | 3.570 | 3.360 | -5.88% |
| Delta Printing & Packaging | 109.320 | 102.970 | -5.81% |
Financial Analysis
Today's performance in the Egyptian market reflects continued positive resilience in the main index, driven by leading stocks, and an improved USD-denominated index, highlighting the relative attractiveness of local assets. Conversely, the Sharia Index's decline signals sectoral and selective pressures on compliant stocks, limiting broader gains. This divergence underlines a more selective market movement, with the overall trend remaining supportive as long as liquidity continues to flow into heavyweights and the index maintains current levels.
Sources & References
Editorial Note
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