Egypt Equity Market Overview and Outlook

The Egyptian equity market has been on a steady rise, with the EGX 30 index increasing by 20% in the past year. This growth can be attributed to the country's efforts to attract foreign investment.

Egypt's economy has been showing signs of recovery, with GDP growth reaching 5.5% in 2022. This is a significant improvement from the 2.2% growth rate in 2018.

The EGX 30 index has been driven by the performance of large-cap stocks, with companies like Orascom Construction and Ezz Steel leading the charge. These stocks have seen significant gains, with Orascom Construction increasing by 30% in the past year.

Foreign investors have been pouring money into the Egyptian market, with net foreign inflows reaching $1.3 billion in 2022. This influx of capital has helped to drive up stock prices and attract more investors to the market.

The Egypt Equity Market has shown a significant performance in recent years. The Egypt EGP closed at 30,242.1 points in November 2024.

The market's performance can be seen in the chart showing Predicted and Actual Returns. The Predicted Return line indicates the expected annualized return for the next eight years if the current TMC / GDP ratio reverts to its recent 10 years mean of 16.88%.

The Actual Return line indicates the actual annualized return of the Egypt stock market over eight years, using "EGX 30" to calculate the return.

In November 2024, Egypt's Equity Market Index was 30,242.1 points. This marks a decrease from the previous month's end, where the index stood at 30,658.0 points.

The index has a long-term range of 448.0 to 31,587.0 points, with the lowest point recorded in January 2002 and the highest in September 2024. The base unit for the index is 1000 points, set as of January 1998.

Here's a breakdown of the index's performance over the years:

The data shows that the index has been fluctuating over the years, but it's essential to note that the index has been steadily increasing since its lowest point in January 2002.

The Egypt stock market's predicted and actual returns are quite interesting. The Predicted Return line indicates the expected, or predicted annualized return for the next eight years if the current TMC / GDP ratio reverts to its recent 10 years mean of 16.88%.

The two predicted return lines are quite close to each other, indicating that the choice of ratio used in the calculation doesn't have a significant impact on the expected return. The Predicted Return line and the Modified Predicted Return line are closely parallel to each other.

The Actual Return line indicates the actual, annualized return of the Egypt stock market over eight years, which is closely parallel to the two predicted return lines. This suggests that the calculations largely predicted the trend in the stock market.

In the last 7 days, several companies have made significant moves in the market, with some gaining and others losing.

ESRSEzz Steel Company (S.A.E) has seen a 5.2% gain in its stock price, with a 7-day increase of +ج.م3.0b.

Telecom Egypt, on the other hand, has experienced a 5.1% gain, with a 7-day increase of +ج.م2.9b.

Juhayna Food IndustriesE has been a standout performer, with a 7.3% gain and a 7-day increase of +ج.م2.2b.

Egypt Kuwait Holding Company (S.A.E.) has seen a 4.4% gain, with a 7-day increase of +US$39.2m.

Here are the top 5 gainers and losers in the last 7 days:

These companies have driven the market over the last 7 days, with some experiencing significant gains and others facing losses.

The Egyptian equity market has seen significant growth in recent years, with the EGX 30 index increasing by 15% in the last quarter of 2022.

The EGX 200 index has also shown a steady rise, with a 12% increase in the same period.

Egypt's economic reforms have been a key driver of this growth, with the country's investment-friendly policies attracting foreign investors.

The government's efforts to improve the business environment and reduce bureaucracy have also contributed to the market's growth.

In 2022, the EGX saw a record-high trading volume, with a total of 1.4 billion shares traded.

The Egypt Equity Market has shown some fluctuations in the past. The market closed at 30,242.1 points in November 2024.

The previous month's closing was slightly higher at 30,658.0 points. This shows a decrease of 416 points from the previous month's closing.

The market has been tracked since January 1998, with a base value of 1000 points. The data is updated on a monthly basis.

Here's a brief overview of the market's performance in the past few months:

The all-time high for the market was 31,587.0 points in September 2024, while the lowest point was 448.0 points in January 2002.