EGX Rally Gains Institutional Support as Foreigners Sell Government Debt

Egypt’s EGX30 stock index climbed 1.94% as both domestic and foreign institutions became net buyers of equities. MNT-Halan also began trading with gains, while demand for Banque du Caire’s public offering exceeded the shares available. These developments point to renewed investor interest in Egyptian businesses, although continued foreign selling of government debt shows that sentiment remained mixed across financial markets.

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