Egyptian Exchange Benchmark EGX30 Rises 14.2% in April

The Egyptian Exchange’s benchmark EGX30 rose 14.2% in April to reach 51,800 points, reversing a 7.9% decline recorded in March, according to the Egyptian Exchange monthly report.

The rally added LE 433 billion to market capitalisation, bringing the total to LE 3.67 trillion. Trading activity remained concentrated in fixed income instruments, with stocks accounting for 8.4% of main market turnover, compared to 91.6% for bonds and treasury bills.

Local institutions recorded net purchases of LE 3.3 billion, while regional institutions were net sellers at LE 905.4 million. Foreign institutions posted net inflows of LE 100 million. Retail investors reduced exposure across the board, with local, regional, and international retail investors all recording net sales.

Sector performance was uneven, with gains concentrated in a few areas. Education services led with a 51.7% increase, followed by travel and leisure at 32.3% and real estate at 21%. Banks, energy, and textiles posted more modest gains, while shipping and transportation declined slightly.

Analysts attributed the education sector’s performance to its defensive nature, with revenues largely determined by enrolment cycles rather than short-term economic shifts. Real estate gains were described as stock-specific, while travel and leisure stocks were supported by tourism growth, with Egypt recording 5.6 million visitors in the first quarter of 2026, up 43.5% year-on-year.

Market participants noted that foreign investor participation remained limited, with expectations that inflows could strengthen once regional conditions stabilise. April’s performance was also linked to currency movements and rising global commodity prices, including oil and petrochemicals.

In brokerage activity, Thndr led April with a 15% market share, followed closely by EFG Hermes at 14.9% and Mubasher at 6.3%. Year-to-date, EFG Hermes maintained the top position with a 16.2% share.