The Egyptian stock market saw a significant rise on Sunday, April 13, 2025, as the main index, EGX30, increased by 1.18% to close at 31174.62 points, marking its highest level during the trading session. The positive momentum was largely driven by local investors, who directed buying towards shares with a net value of 113.05 million Egyptian pounds. In contrast, foreign and Arab investors leaned towards selling, with net sales of 6.22 million pounds and 106.83 million pounds respectively.
In addition to the EGX30, the EGX70 EWI index also experienced a notable increase, rising by 1.74% to reach 8930.09 points, while the broader EGX100 EWI index climbed by 1.67% to close at 12293.28 points. The market capitalization of listed companies rose to 2.19 trillion Egyptian pounds.
The trading session was marked by high activity, with a total of 1.83 billion shares exchanged, generating a trading value of 3.07 billion Egyptian pounds through 95,402 transactions. Out of the 213 stocks traded, 141 saw price increases, 31 experienced declines, and 41 remained unchanged.
During the session, the Egyptian Exchange announced the suspension of trading on seven stocks for ten minutes due to their prices exceeding the 5% threshold for increases or decreases. The suspended stocks included prominent names like Credit Agricole Egypt, Prime Holding, and Raya Holding for Financial Investments.
As the trading day progressed, market indices continued to reflect the bullish sentiment. The EGX30 index registered an increase of 0.55% to reach 30979 points, while the EGX30 capped index rose by 0.74% to 38585 points. The EGX70 EWI index also saw a gain of 1.41%, reaching 8901 points, and the EGX100 EWI index climbed by 1.28% to 12246 points.
Interestingly, the Islamic index saw a slight decrease of 1% to settle at 3217 points, while the Nile index surged by 3.5% to 11353 points. This mixed performance among different indices indicates varying investor sentiments across sectors.
In terms of insider trading, there were notable purchases by internal stakeholders in various companies, including significant investments in agricultural firms and real estate. For instance, shares were bought in companies like the International Company for Agricultural Crops and Palm Hills Development, with transactions reaching hundreds of thousands of shares.
On the flip side, some insiders opted to sell shares in companies such as Atlas for Investment and Food Industries, indicating a diverse range of strategies among market participants.
In the broader context of corporate performance, several companies listed on the exchange reported their financial results for the year ending December 31, 2024. The Housing and Development Bank announced a net profit after tax of 159.8 million pounds, reflecting a 6% year-over-year growth. Additionally, the company reported an increase in equity to 985.3 million pounds, a 15% annual rise.
Meanwhile, the Arab Company for Food Industries, known as Domty, revealed its intention to continue collaboration with Arla Foods and its major shareholders. This partnership aims to assess the potential acquisition of the dairy segment resulting from a company split, with Arla seeking necessary approvals from the Financial Regulatory Authority to proceed with a purchase offer based on the final due diligence results.
The trading activities and corporate announcements highlight the dynamic nature of the Egyptian stock market, reflecting both the challenges and opportunities present in the current economic landscape. Investors are keenly observing the developments, especially with the upcoming annual general meetings of 23 companies scheduled for this week, which could further influence market sentiment.
As the week unfolds, analysts and investors alike will be watching closely to see how the market reacts to these developments and whether the current upward trend can be sustained. The real estate sector continues to dominate trading volumes, with recent reports indicating that it accounted for 7.1 billion pounds in transactions over the past week.
Overall, the positive performance of the Egyptian stock market on April 13, 2025, underscores the resilience of local investors amidst external selling pressures, setting the stage for an intriguing week ahead in the financial markets.
