The Egyptian stock market continued its downward trend during mid-session trading on Wednesday, September 23, 2026, due to selling pressure from Arab and foreign investors. In contrast, Egyptian investors tended to buy, with transactions approaching 4 billion pounds within two hours. The market's main indices declined, with the EGX30 index falling by 0.65% to 54,576 points.
The EGX30 weighted index decreased by 0.48% to 68,210 points, while the EGX30 total return index dropped by 0.63% to 25,465 points. Additionally, the EGX35-LV index declined by 0.07% to 6,748 points. Other indices, including the EGX70 equal-weighted index and the EGX100 equal-weighted index, also experienced losses, falling by 0.26% and 0.34%, respectively.
The Egyptian Exchange (EGX) announced that trading was halted on five shares for 10 minutes due to exceeding the 5% fluctuation limit during Wednesday's session. The affected shares were those of HIPC for Commercial and Real Estate Development, Teycon Investments Holding, Vertika for Industry and Trade, National Printing Company, and Marsilia Egyptian-Gulf for Real Estate Investment.
The EGX also disclosed the transactions of insiders, major shareholders, and their related groups on listed companies during the previous session. These transactions included both buying and selling activities across various sectors. Notably, Egyptian Industrial and Engineering Projects executed multiple transactions, involving the sale and purchase of significant quantities of shares.
Other companies, such as Eastern Company for Spinning and Weaving, Egypt for Chemicals, Arab Ceramics - Ceramica Rimas, and Misr Beni Suef for Cement, also reported transactions by insiders and major shareholders. These activities reflect the dynamic nature of the Egyptian stock market, with various stakeholders actively buying and selling shares.
Several listed companies announced their financial results for the past period. Alexandria Mills and Bakeries reported revenues of 384.4 million pounds for the fiscal year ending June 30, 2026, with a net profit of 44.4 million pounds. Meanwhile, the General Company for Ceramic Products reported sales of 115.1 million pounds and a net profit of 102.3 million pounds.
The Egyptian Iron and Steel for Mines and Quarries reported sales of 907.1 million pounds and a net profit of 400.2 million pounds for the fiscal year ending June 30, 2026. In a separate development, RAYA Holding for Financial Investments announced the launch of Raya Nexus, a company specializing in institutional artificial intelligence solutions, with an initial capital of 250 million pounds.
Key points
- The Egyptian stock market experienced significant losses due to selling pressure from Arab and foreign investors.
- The market's main indices declined, with the EGX30 index falling by 0.65% to 54,576 points.
- Several listed companies announced their financial results, showcasing varying performances across different sectors.
