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Shorouk: Global Reserves Hit $57.35B in September

Shorouk: Global Reserves Hit $57.35B in September

The Egyptian Stock Exchange concluded its success in remaining within the emerging markets category of the FTSE Russell index, after a year of anticipation that threatened to downgrade its status to a frontier market, which would have led to a decline in foreign investment inflows. This achievement comes after implementing reforms to include large-cap companies within the government offering program, helping to maintain the classification and boost confidence in the market. Additionally, Egypt's international reserves saw a slight increase, reaching $57.35 billion by the end of September 2026, despite a decline in gold reserves to $17.456 billion.

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