Egypt’s stock market closed September on a strong note, with the benchmark EGX30 index posting a 4.33% gain, reflecting renewed investor confidence and robust trading activity.
Market analysts attribute the uptick to easing inflationary pressures, improved liquidity, and positive sentiment from both local and foreign investors. Blue-chip stocks led the rally, with key sectors such as banking, real estate, and telecommunications driving performance.
The Egyptian Exchange also witnessed increased trading volumes, signaling growing momentum as the country pushes forward with economic reforms aimed at stabilizing markets and attracting foreign inflows.
Experts suggest that if macroeconomic stability continues, the EGX could maintain its upward trajectory into the final quarter of the year.
