{"id":663954,"date":"2025-04-17T00:00:00","date_gmt":"2025-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/17\/egx-closed-1q-in-the-green-with-strong-backing-from-local-institutions-fueling-the-gains\/"},"modified":"2025-04-17T00:00:00","modified_gmt":"2025-04-17T00:00:00","slug":"egx-closed-1q-in-the-green-with-strong-backing-from-local-institutions-fueling-the-gains","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/17\/egx-closed-1q-in-the-green-with-strong-backing-from-local-institutions-fueling-the-gains\/","title":{"rendered":"EGX closed 1Q in the green, with strong backing from local institutions fueling the gains"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The benchmark<\/strong><strong style=\"background-color: transparent;\"> EGX30 index gained 7.7% in 1Q 2025, buoyed by the <\/strong><strong style=\"background-color: transparent;\">banking and real estate sectors<\/strong><span style=\"background-color: transparent;\">, according to the bourse\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1007.pdf\" rel=\"noopener\">quarterly report (pdf)<\/a><span style=\"background-color: transparent;\">. The broader EGX70 gauge performed better, rising 11.1% by the end of last quarter, while the EGX33 shariah index \u2014 which was launched in June 2024 to track shariah-compliant stocks \u2014 rallied 7.8%.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local institutions were the biggest net buyers in listed stocks<\/strong> 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors are bullish on stocks in the trade and distributors sector, which led the pack<\/strong>, 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&amp;B (+8.0%), and real estate (+7.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rally wasn\u2019t just about price action<\/strong>, 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IPO window remained narrow in 1Q. <\/strong>Bonyan for Development and Trade listed some 1.65 bn shares on the EGX in January, while Ezz Steel delisted in March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EFG Hermes\u2019 brokerage arms topped the bourse\u2019s brokerage league tables<\/strong>, 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%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banknote dividends rose 47% y-o-y in 1Q<\/p>\n","protected":false},"author":1,"featured_media":663955,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7303],"tags":[102,68,72,119],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-egx","tag-enterpriseam","tag-financial-markets","wpautop","entry"],"acf":{"mongo_id":"0e0ac923-9720-483a-8754-5c4022c57cad","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/400.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EGX closed 1Q in the green, with strong backing from local institutions fueling the gains","related_issue":[663937],"teaser":"Banknote dividends rose 47% y-o-y in 1Q","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.10a24518-db1b-4285-a4c8-3e50fbd79dcd.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Activity on the bourse and securitized bond issuances fell, while all other capital market activities saw an uptick in the first three months of the\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622377,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/05\/egypt-was-among-saudi-arabias-top-investors-last-quarter\/","url_meta":{"origin":663954,"position":1},"title":"Egypt was among Saudi Arabia\u2019s top investors last quarter","author":"enterpriseam admin","date":"5 June 2024","format":false,"excerpt":"Egypt along with the UAE and Singapore each closed three agreements in the Kingdom","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1066.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585255,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/12\/what-the-markets-are-doing-on-12-april-2023\/","url_meta":{"origin":663954,"position":2},"title":"What the markets are doing on 12 April, 2023","author":"enterpriseam admin","date":"12 April 2023","format":false,"excerpt":"MARKET NEWS-QNB Alahli net income doubles in 1Q 2023: QNB Alahli\u2019s net income more than doubled y-o-y to EGP 4.71 bn in 1Q 2023, according to its latest financials (pdf). Bottom line growth was driven by a 55% increase in net interest income, which rose to EGP 6.63 bn during\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587305,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/earnings-watch-hhd-sidi-kerir-report-1q-2023-results\/","url_meta":{"origin":663954,"position":3},"title":"Earnings watch: HHD + Sidi Kerir report 1Q 2023 results","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"EARNINGS WATCH-Heliopolis Housing and development reported EGP 19.4 mn in net income in 1Q 2023, up 512.4% y-o-y, according to anEGX disclosure (pdf). The company\u2019s revenues during the quarter came in at EGP 90.9 mn, up 43% y-o-y. Sidi Kerir Petrochemicals\u2019 net income more than doubled to EGP 520.1 mn\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586603,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/14\/what-the-markets-are-doing-on-14-may-2023\/","url_meta":{"origin":663954,"position":4},"title":"What the markets are doing on 14 May, 2023","author":"enterpriseam admin","date":"14 May 2023","format":false,"excerpt":"EARNINGS WATCH-Abu Dhabi Islamic Bank Egypt reported a consolidated net income after tax of EGP 1.01 bn in 1Q 2023, up 126.6% y-o-y, according to anEGX disclosure (pdf). Its net income from funds rose to EGP 1.81 bn, up 85.9% y-o-y during the same period last year. Credit Agricole\u2019s net\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":674736,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/03\/egx-climbs-4-4-in-october-as-defensives-lead-broad-market-rally\/","url_meta":{"origin":663954,"position":5},"title":"EGX climbs 4.4% in October as defensives lead broad market rally","author":"enterpriseam admin","date":"3 November 2025","format":false,"excerpt":"Total market capitalization rose 7.11% to hit EGP 2.8 tn.","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/400.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/663954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=663954"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/663954\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/663937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/663955"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=663954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=663954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=663954"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=663954"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=663954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}