Today: We have a deep dive on why the EGX30 is outperforming global peers in 2026, news that Bonyan secured a new tenant for its Nasr City building, and the latest on Egyptian Media Production City’s performance in 2025.

🔔 EGX30 ended +0.75% by market close at 52,222 points, the EGX70 rose 0.93% to 13,114 points, and the EGX100 also rose 1.14%  to reach 18,339 points

💸 The number of transactions reached 174,632 spread across 1,881,147,916 stocks leading to a turnover of EGP 8.8 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers across the broader market Nozha International Hospital (+13.3%), Raya Holding (+12.5%), and Ismailia Misr Poultry (+7.6%).

📉 Top losers: El Kahera El Watania Investment (-3.6%), Middle & West Delta Flour Mills (-3.6%), Rakta Paper Manufacturing (-3.4%.)

⬆️ Top gainers for EGX30 included Raya Holding (+12.5%), Beltone Holding (+6.4%), and Misr Cement (+6.4%).

⬇️ Top losers included: Oriental Weavers (-0.8%), Heliopolis Housing (-0.7%), and CIB (-0.7%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,630 per gram, up 1.19% day-on-day and up 8.25% month-on-month.

💲 The USD reached EGP 46.96 at the National Bank of Egypt.

The Egyptian stock market is experiencing one of its strongest multi-month rallies in years, with the EGX30 index closing at 52,222 points yesterday. The benchmark has jumped 24.85% since the start of 2026, building on a 40.6% gain in 2025, signaling strong investor confidence.

Global outlier fueled by reforms

Egypt’s EGX30 has outperformed both emerging- and developed-market peers this year. In USD terms, the index is up almost 30% year-to-date, more than double the MSCI Emerging Markets Index, Bloomberg reported, and far ahead of developed-market gauges. This follows a 50% return for dollar investors in 2025, when the government implemented measures to boost private-sector activity, reduce debt-service costs, lower inflation, and attract foreign investment.

Policy measures fueling momentum

The recent central bank interest-rate cut, which lifted the EGX30 more than 5% in two days, built on over 700 basis points of easing last year, Bloomberg notes. The government also cut the required reserve ratio to stimulate lending and liquidity. Meanwhile, the currency float and free-exchange-rate regime, along with a USD 57 billion global financing package including UAE and IMF support, have strengthened FX liquidity and drawn foreign investors back to the market, Bloomberg added, noting that foreign participation surged to 14% of EGX turnover in February, up from 5.5% last year.

Top contributors to the rally

The EGX30’s gains since the start of the year have been led by its largest constituents:

Looking ahead

Ongoing economic reforms, FX stability, and planned privatizations of state-owned companies, combined with new market initiatives such as derivatives trading starting in March and oversubscribed IPOs like Gourmet (GOUR), have strengthened both domestic and foreign investor interest in Egyptian equities, Bloomberg notes.

With these supportive factors in place, the market’s current valuations remain attractive. “The EGX is right now on a positive re-rating path,” said Allen Sandeep, director of equities at ACT Financial, speaking to Bloomberg. The benchmark trades at a price-earnings ratio of nine, compared with almost 18 for the broader emerging-market index, highlighting continued potential gains, though global volatility and domestic policy shifts remain key factors to watch out for.

✅ Bonyan (BONY) has secured a five-year lease for its 4,297 sqm Building 106B in Nasr City with Kortech, a Hassan Allam Group subsidiary, starting next May after B.Tech’s lease ends, according to a company statement. This deal is part of Bonyan’s broader plan to reprice 15,176 sqm of EGP-denominated leases due for renewal in 2026, representing about 42% of its EGP office rental revenue. The signing follows a six-year, USD 17 million lease with Nestlé earlier this week. It’s worth noting that the company’s share value has gained 0.78% since the start of the year, but is down over 21% since its listing on the EGX last year.

⬇️ Egyptian Media Production City (MPRC) reported a 2.2% fall in its 2025 net profit, accumulating EGP 783.56 million, according to its statement to the EGX yesterday. The drop in income comes despite revenues rising to EGP 1.27 billion from EGP 1.11 billion the previous year. The company’s share price is unchanged since the beginning of 2026, but has grown 27% in the last 12 months.