Egyptian Exchange Surpasses 46,000 Points Amid Davos Momentum and Regulatory Boosts
The Egyptian Exchange (EGX) closed the week on a historic high, with the benchmark index breaking through the 46,000-point mark to reach approximately 46,400 points. The rally was fueled by positive momentum following Egypt’s participation in the World Economic Forum in Davos, coupled with a series of stimulative measures from the Financial Regulatory Authority.
The surge was supported by strong buying activity from foreign institutional investors, particularly in leading and mid-cap stocks, reflecting growing investor confidence in the Egyptian market.
Analysts noted that the gains indicate a significant improvement in market sentiment, driven by expectations of increased foreign investment flows and heightened international interest in Egypt. Regulatory and supervisory reforms aimed at enhancing market efficiency and stability further reinforced investor confidence.