Egyptian stock market climbs past 55,000 points amid steady gains

The main index of the Egyptian Exchange (EGX30) touched the 55,000‑point mark for the first time, closing the session at 54,676 points, up 0.03%. Smaller‑cap index EGX70 rose 1.14% to 19,990.69 points and the broader EGX100 gained 0.94% to 26,106.42 points. Analyst Amr Al‑Badri of Miraaj cited calm geopolitical conditions and strong activity in banks and the healthcare sector as drivers of the rally, while warning investors against buying stocks that have already surged.

Mid‑session data on Wednesday showed EGX30 up 0.4% at 54,723 points, with weighted and total‑return variants also rising. Other sub‑indices moved in mixed directions, and the market’s total capitalisation increased by roughly 52 billion Egyptian pounds, reaching about 4.074 trillion pounds. The trend follows a week of gains across the exchange, with daily increases ranging from 0.3% to 1.6% in the main index.