Egyptian equities rise, EGX30 nears 50,000 points

This rally was fueled by gains in leading stocks, including Commercial International Bank, which rose 3.55 percent to LE 133.9 per share. Mid- and small-cap stocks also saw solid gains, with the EGX 70 climbing 1.16 percent to 13,144.15 points, and the broader EGX 100 adding 1.14 percent to reach 18,395.73 points. Market capitalization grew to approximately LE 3.47 trillion from LE 3.42 trillion in the previous session, indicating strong buying momentum after the Sham El-Nessim holiday.

Turnover surged, with total trading value reaching LE 260.5 billion, up from LE 166.4 billion last Thursday. Local investors were the dominant force, accounting for 85.9 percent of transactions, while foreign and Arab investors represented 10.1 percent and 4 percent, respectively. Foreign investors recorded net sales of LE 57.2 million, while Arab investors were net buyers with LE 95.4 million.