Egypt's EGX30 Gains 1.5% on Strong Foreign Buying; Index Up 26.4% Year-to-Date

Egypt's benchmark EGX30 index gained 1.5% on May 24, 2026, closing on EGP 7.3 billion in daily turnover — 8.8% below the 90-day average. International investors were net buyers, demonstrating continued confidence in the Egyptian market. Top gainers included Raya Holding (+7.6%), ADIB (+4.0%), and Palm Hills Developments (+4.0%). The index's year-to-date performance stood at +26.4%, reflecting broad market confidence despite regional turbulence and ongoing IMF program implementation. The rally aligns with broader macroeconomic stabilization signals: inflation declining from 2023 peaks, a stable pound, rising foreign reserves ($53 billion in April), and an ongoing IMF 7th review mission in Cairo targeting a potential ~$1.6 billion disbursement.