The benchmark EGX30 index gained 7.7% in 1Q 2025, buoyed by the banking and real estate sectors, according to the bourse’s quarterly report (pdf). The broader EGX70 gauge performed better, rising 11.1% by the end of last quarter, while the EGX33 shariah index — which was launched in June 2024 to track shariah-compliant stocks — rallied 7.8%.

Local institutions were the biggest net buyers in listed stocks last quarter, netting EGP 56.1 bn, while regional institutions held a net sell position worth EGP 841 mn and international institutions were net sellers at EGP 2.7 bn. Local retail investors were bearish with a net selling position worth EGP 53.1 bn, while retail regional and international investors were bullish.

Investors are bullish on stocks in the trade and distributors sector, which led the pack, rising 29.5% last quarter, followed by building materials (+25.1%), industrial goods, services and automobiles (+20.4%), basic resources (+18.1%), healthcare and pharma (+14.3%), NBFS (+8.6%), F&B (+8.0%), and real estate (+7.6%).

The rally wasn’t just about price action, as EGX-listed companies backed it with higher payouts, disbursing EGP 7.8 bn in quarterly banknote dividends in 1Q, up 47% y-o-y.

The IPO window remained narrow in 1Q. Bonyan for Development and Trade listed some 1.65 bn shares on the EGX in January, while Ezz Steel delisted in March.

EFG Hermes’ brokerage arms topped the bourse’s brokerage league tables, maintaining its top spot with 35.9% of all traded value, followed by CI Capital (9.4%), Thndr Securities Brokerage (7.3%), Mubasher for Securities and Bonds (6.7%), and Cairo Capital Securities (4.9%).

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