7 Hrs
Source:
الاقتصادية
Egyptian stocks climb amid inflation
The article focused on the performance of the Egyptian stock exchange in recent days, noting that the EGX 30 index surpassed 55,000 points for the first time since the beginning of the year, only to fall back below that level. Since the start of the year, market indicators have shown a significant increase, with the market capitalization exceeding 4 trillion Egyptian pounds. It is believed that rising inflation (which reached 14.9% in June) contributed to the surge in stock prices, as companies capable of passing increased costs onto consumers tend to perform better and attract investors. Additionally, sectors such as pharmaceuticals, education, and services played a key role in generating profits, with certain stocks, like Glasgow's share, increasing from 73 to 520 Egyptian pounds within thirty days. This reflects market trends favoring investments in companies that can adapt to rising costs while maintaining profit margins.
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