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Egyptian stocks rebound amid foreign inflows
The Egyptian stock market experienced a strong rise supported by the decision to keep it within the Emerging Markets Index by S&P Global. This increased cash flows, especially from foreign institutions, and boosted investments in the market. This classification confirms the strength of the Egyptian market and enhances the success of the government offering program, which includes about 52 companies across 18 sectors, contributing to attracting more direct and indirect foreign investments. The sell-off observed by financial institutions was a normal correction and profit-taking process.
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