{"id":2844,"date":"2026-08-05T12:06:18","date_gmt":"2026-08-05T09:06:18","guid":{"rendered":"https:\/\/dailybusiness.info\/?p=2844"},"modified":"2026-08-06T02:42:43","modified_gmt":"2026-08-05T23:42:43","slug":"foreigners-pick-up-egp-1-4-bn-in-local-equities-as-egx30-gains-5-85-in-july","status":"publish","type":"post","link":"https:\/\/dailybusiness.info\/?p=2844","title":{"rendered":"Foreigners pick up EGP 1.4 bn in local equities as EGX30 gains 5.85% in July"},"content":{"rendered":"<blockquote><p>&nbsp;<\/p><\/blockquote>\n<div>\n<figure class=\"wp-block-audio mb-0\">Foreigners<audio src=\"https:\/\/ent.news\/internal\/audio\/polly-719751-1785897808.e0d4e556-e020-4051-8089-8a2d7422615e.mp3\" preload=\"metadata\" controls=\"controls\"><strong>After a full quarter of <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"selling|promoting\" class=\"synonym\">promoting<\/span> and a <span synonyms=\"red|purple|pink|crimson\" class=\"synonym\">purple<\/span> June, <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> <span synonyms=\"investors|buyers|traders\" class=\"synonym\">buyers<\/span> turned <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"buyers|consumers|patrons\" class=\"synonym\">consumers<\/span> of Egyptian equities <span synonyms=\"last|final\" class=\"synonym\">final<\/span> month<\/strong>, <span synonyms=\"picking|choosing|selecting\" class=\"synonym\">choosing<\/span> up EGP 1.4 bn in listed <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span>, <span synonyms=\"even as|whilst|at the same time as\" class=\"synonym\">at the same time as<\/span> <span synonyms=\"local|native\" class=\"synonym\">native<\/span> <span synonyms=\"individuals|people\" class=\"synonym\">people<\/span> turned <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> sellers to the tune of EGP 2 bn, <span synonyms=\"according to|based on|in accordance with|in line with|in response to|in keeping with\" class=\"synonym\">in response to<\/span> the <a href=\"https:\/\/ent.news\/internal\/719508.pdf\" target=\"_blank\">bourse\u2019s July monthly report (pdf)<\/a>. The EGX30 rode the shift to a 5.85% <span synonyms=\"monthly|month-to-month\" class=\"synonym\">month-to-month<\/span> <span synonyms=\"gain|achieve|acquire\" class=\"synonym\">acquire<\/span>, closing at 53.4k <span synonyms=\"points|factors\" class=\"synonym\">factors<\/span>, marking its <span synonyms=\"best|greatest|finest\" class=\"synonym\">greatest<\/span> month <span synonyms=\"since the|because the|for the reason that\" class=\"synonym\">because the<\/span> spring rally and reversing a 4.12% June loss.<\/p>\n<p><strong>We\u2019re not out of the woods <span synonyms=\"just|simply\" class=\"synonym\">simply<\/span> <span synonyms=\"yet|but\" class=\"synonym\">but<\/span><\/strong>, Managing Director and Head of <span synonyms=\"Research|Analysis\" class=\"synonym\">Analysis<\/span> at CI Capital Monsef Morsy tells EnterpriseAM. \u201c<span synonyms=\"I think|I feel|I believe\" class=\"synonym\">I believe<\/span> July represented <span synonyms=\"genuine|real\" class=\"synonym\">real<\/span> <span synonyms=\"buying|shopping for\" class=\"synonym\">shopping for<\/span> and a risk-on mode for Egyptian <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span>, <span synonyms=\"but|however\" class=\"synonym\">however<\/span> I wouldn\u2019t rule out volatility <span synonyms=\"continuing|persevering with\" class=\"synonym\">persevering with<\/span> going <span synonyms=\"forward|ahead\" class=\"synonym\">ahead<\/span>,\u201d he <span synonyms=\"adds|provides\" class=\"synonym\">provides<\/span>. He says CI Capital is watching <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> <span synonyms=\"activity|exercise\" class=\"synonym\">exercise<\/span> \u201cmonth by month\u201d <span synonyms=\"rather|quite|somewhat|slightly|fairly|relatively|moderately|reasonably\" class=\"synonym\">quite<\/span> than calling a <span synonyms=\"durable|sturdy\" class=\"synonym\">sturdy<\/span> <span synonyms=\"trend|development|pattern\" class=\"synonym\">development<\/span> <span synonyms=\"just|simply\" class=\"synonym\">simply<\/span> <span synonyms=\"yet|but\" class=\"synonym\">but<\/span>.<\/p>\n<p><strong>REFRESHER- July marks a reversal from a <span synonyms=\"rough|tough\" class=\"synonym\">tough<\/span> 2Q<\/strong>, when <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> <span synonyms=\"institutions|establishments\" class=\"synonym\">establishments<\/span> <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/07\/16\/egx-closed-up-11-4-in-2q-and-down-4-12-in-june\/\" target=\"_blank\">sold a net EGP 4.8 bn<\/a> and regional <span synonyms=\"institutions|establishments\" class=\"synonym\">establishments<\/span> <span synonyms=\"sold|bought|offered\" class=\"synonym\">bought<\/span> <span synonyms=\"another|one other\" class=\"synonym\">one other<\/span> EGP 5.1 bn.<\/p>\n<p class=\"tag-border-left\"><strong><span synonyms=\"Foreign|Overseas|International\" class=\"synonym\">International<\/span> <span synonyms=\"buying|shopping for\" class=\"synonym\">shopping for<\/span> <span synonyms=\"at the|on the\" class=\"synonym\">on the<\/span> banks<\/strong><\/p>\n<p><strong>Foreigners <span synonyms=\"were|have been|had been\" class=\"synonym\">had been<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"buyers|consumers|patrons\" class=\"synonym\">consumers<\/span> of the banking sector to the tune of EGP 1.24 bn.<\/strong> Locals turned <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> sellers of banks by EGP 1.56 bn over <span synonyms=\"the same|the identical\" class=\"synonym\">the identical<\/span> <span synonyms=\"period|interval\" class=\"synonym\">interval<\/span>. \u201cAny <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> <span synonyms=\"buying|shopping for\" class=\"synonym\">shopping for<\/span> into the market will, <span synonyms=\"of course|in fact|after all\" class=\"synonym\">after all<\/span>, go partly into CIB,\u201d <span synonyms=\"as the|because the\" class=\"synonym\">because the<\/span> <span synonyms=\"exchange|trade|change|alternate\" class=\"synonym\">alternate<\/span>\u2019s largest <span synonyms=\"stock|inventory\" class=\"synonym\">inventory<\/span> and sector benchmark, Morsy says, <span synonyms=\"adding|including\" class=\"synonym\">including<\/span> that this dynamic \u201ctriggers a sector-wide rerating afterward.\u201d<\/p>\n<p><strong>\u201cCIB holds the heaviest weight <span synonyms=\"in the|within the\" class=\"synonym\">within the<\/span> EGX30 index<\/strong>, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> <span synonyms=\"also|additionally\" class=\"synonym\">additionally<\/span> having <span synonyms=\"the largest|the most important|the biggest\" class=\"synonym\">the biggest<\/span> freefloat <span synonyms=\"among|amongst\" class=\"synonym\">amongst<\/span> listed <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span>. <span synonyms=\"This is|That is\" class=\"synonym\">That is<\/span> <span synonyms=\"the primary|the first\" class=\"synonym\">the first<\/span> criterion foreigners <span synonyms=\"look for|search for\" class=\"synonym\">search for<\/span> when <span synonyms=\"entering|getting into|coming into\" class=\"synonym\">coming into<\/span> <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span>, <span synonyms=\"so that|in order that\" class=\"synonym\">in order that<\/span> <span synonyms=\"they can|they will|they'll\" class=\"synonym\">they will<\/span> <span synonyms=\"easily|simply\" class=\"synonym\">simply<\/span> enter <span synonyms=\"in the|within the\" class=\"synonym\">within the<\/span> volumes they <span synonyms=\"desire|want|need\" class=\"synonym\">need<\/span> and exit <span synonyms=\"just|simply\" class=\"synonym\">simply<\/span> as <span synonyms=\"easily|simply\" class=\"synonym\">simply<\/span>,\u201d Sameh Gharib, capital markets <span synonyms=\"expert|professional|skilled|knowledgeable\" class=\"synonym\">skilled<\/span> at Tycoon Securities, tells us. CIB <span synonyms=\"also|additionally\" class=\"synonym\">additionally<\/span> \u201cunderwent profittaking after hitting a peak <span synonyms=\"near|close to\" class=\"synonym\">close to<\/span> EGP 145 per share, pulling <span synonyms=\"back|again\" class=\"synonym\">again<\/span> to <span synonyms=\"around|round\" class=\"synonym\">round<\/span> 130+, which incentivized foreigners to re-enter CIB,\u201d <span synonyms=\"during|throughout\" class=\"synonym\">throughout<\/span> July, Sameh says.<\/p>\n<p><strong>CIB <span synonyms=\"typically|sometimes|usually\" class=\"synonym\">sometimes<\/span> absorbs between 30% and 40% of the EGX30\u2019s weight<\/strong>, Gharib says, which is why <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> inflows <span synonyms=\"tend|have a tendency\" class=\"synonym\">have a tendency<\/span> <span synonyms=\"to move|to maneuver\" class=\"synonym\">to maneuver<\/span> <span synonyms=\"through|via|by way of|by means of|by\" class=\"synonym\">by means of<\/span> it first. He <span synonyms=\"also|additionally\" class=\"synonym\">additionally<\/span> <span synonyms=\"points|factors\" class=\"synonym\">factors<\/span> to a second potential catalyst <span synonyms=\"still|nonetheless\" class=\"synonym\">nonetheless<\/span> on the horizon: a long-pending Banque du Caire <span synonyms=\"listing|itemizing\" class=\"synonym\">itemizing<\/span> or stake sale, <span synonyms=\"whether|whether or not\" class=\"synonym\">whether or not<\/span> on the <span synonyms=\"exchange|trade|change|alternate\" class=\"synonym\">alternate<\/span> or to a strategic investor. If that transaction <span synonyms=\"eventually|ultimately|finally\" class=\"synonym\">finally<\/span> <span synonyms=\"prices|costs\" class=\"synonym\">costs<\/span> above the banking sector\u2019s <span synonyms=\"current|present\" class=\"synonym\">present<\/span> valuation <span synonyms=\"multiple|a number of\" class=\"synonym\">a number of<\/span> \u2014 and above CIB\u2019s <span synonyms=\"specifically|particularly\" class=\"synonym\">particularly<\/span> \u2014 he says <span synonyms=\"the two|the 2\" class=\"synonym\">the 2<\/span> developments <span synonyms=\"together|collectively\" class=\"synonym\">collectively<\/span> \u201c<span synonyms=\"could|might|may\" class=\"synonym\">may<\/span> <span synonyms=\"significantly|considerably\" class=\"synonym\">considerably<\/span> drive a <span synonyms=\"positive|constructive|optimistic\" class=\"synonym\">constructive<\/span> revaluation of <span synonyms=\"the entire|the whole|the complete|all the|your complete|your entire\" class=\"synonym\">the complete<\/span> banking sector.\u201d<\/p>\n<p class=\"tag-border-left\"><strong>A broad-based rally<\/strong><\/p>\n<p><strong>The EGX70 jumped 17.61% in July <span synonyms=\"to close|to shut\" class=\"synonym\">to shut<\/span> at 18.2k <span synonyms=\"points|factors\" class=\"synonym\">factors<\/span><\/strong>, and the EGX100 added 13.7% to 24k, <span synonyms=\"both|each\" class=\"synonym\">each<\/span> outpacing the benchmark. The EGX33 Shariah rose 5.59%, <span synonyms=\"tracking|monitoring\" class=\"synonym\">monitoring<\/span> the benchmark, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> the Tamayuz index \u2014 for small and medium enterprises (SMEs) \u2014 gained 11.96%. <span synonyms=\"Investors|Buyers|Traders\" class=\"synonym\">Traders<\/span> rotated out of <span synonyms=\"bank|financial institution\" class=\"synonym\">financial institution<\/span> <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span> and into small- and mid-caps, <span synonyms=\"helping|serving to\" class=\"synonym\">serving to<\/span> the EGX70 outperform the EGX30, Gharib says.<\/p>\n<p><strong><span synonyms=\"Total|Complete|Whole\" class=\"synonym\">Whole<\/span> market capitalization rose 7.0% over the <span synonyms=\"period|interval\" class=\"synonym\">interval<\/span> to EGP 3.9 tn.<\/strong> EGX30 constituents added 5.3% in <span synonyms=\"value|worth\" class=\"synonym\">worth<\/span>, EGX70 <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span> gained 9.3%, and EGX100 <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span> rose 6.5%.<\/p>\n<p><strong><span synonyms=\"Energy|Power|Vitality\" class=\"synonym\">Power<\/span> and <span synonyms=\"support|help|assist\" class=\"synonym\">assist<\/span> <span synonyms=\"services|providers|companies\" class=\"synonym\">providers<\/span> led the month with a 21.7% <span synonyms=\"gain|achieve|acquire\" class=\"synonym\">acquire<\/span>.<\/strong> The rally tracked <span synonyms=\"higher|greater|larger|increased\" class=\"synonym\">increased<\/span> oil <span synonyms=\"prices|costs\" class=\"synonym\">costs<\/span>, which <span synonyms=\"tend to|are likely to|are inclined to\" class=\"synonym\">are likely to<\/span> <span synonyms=\"lift|raise|carry|elevate\" class=\"synonym\">raise<\/span> margins <span synonyms=\"across|throughout\" class=\"synonym\">throughout<\/span> the sector, Gharib says. <span synonyms=\"Education|Schooling|Training\" class=\"synonym\">Schooling<\/span> <span synonyms=\"services|providers|companies\" class=\"synonym\">providers<\/span> (12.8%) and healthcare and pharma (12.2%) <span synonyms=\"finished|completed\" class=\"synonym\">completed<\/span> second and third. Banks, <span synonyms=\"despite|regardless of\" class=\"synonym\">regardless of<\/span> <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> <span synonyms=\"buying|shopping for\" class=\"synonym\">shopping for<\/span>, gained a <span synonyms=\"more|extra\" class=\"synonym\">extra<\/span> modest 6.7%, <span synonyms=\"followed|adopted\" class=\"synonym\">adopted<\/span> by <span synonyms=\"basic|primary|fundamental\" class=\"synonym\">fundamental<\/span> <span synonyms=\"resources|assets|sources\" class=\"synonym\">sources<\/span> (5.0%) and <span synonyms=\"trade|commerce\" class=\"synonym\">commerce<\/span> and distributors (3.7%).<\/p>\n<p><strong><span synonyms=\"At the|On the\" class=\"synonym\">On the<\/span> <span synonyms=\"bottom|backside\" class=\"synonym\">backside<\/span>, <span synonyms=\"shipping|delivery|transport\" class=\"synonym\">delivery<\/span> and transportation <span synonyms=\"services|providers|companies\" class=\"synonym\">providers<\/span> closed the month flat<\/strong>, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> <span synonyms=\"food|meals\" class=\"synonym\">meals<\/span>, <span synonyms=\"beverages|drinks\" class=\"synonym\">drinks<\/span>, and tobacco (0.8%) and industrial <span synonyms=\"goods|items\" class=\"synonym\">items<\/span> and non-bank <span synonyms=\"financial|monetary\" class=\"synonym\">monetary<\/span> <span synonyms=\"services|providers|companies\" class=\"synonym\">providers<\/span> (<span synonyms=\"both|each\" class=\"synonym\">each<\/span> <span synonyms=\"close to|near\" class=\"synonym\">near<\/span> 1%) barely moved. No sector closed <span synonyms=\"in the|within the\" class=\"synonym\">within the<\/span> <span synonyms=\"red|purple|pink|crimson\" class=\"synonym\">purple<\/span>.<\/p>\n<p><strong>Turnover <span synonyms=\"value|worth\" class=\"synonym\">worth<\/span> fell 7.85% m-o-m to EGP 2.6 tn in July<\/strong>, <span synonyms=\"even as|whilst|at the same time as\" class=\"synonym\">at the same time as<\/span> <span synonyms=\"trading|buying and selling\" class=\"synonym\">buying and selling<\/span> <span synonyms=\"volume|quantity\" class=\"synonym\">quantity<\/span> rose 13.1%, and the <span synonyms=\"number of|variety of\" class=\"synonym\">variety of<\/span> transactions climbed 7.63%, <span synonyms=\"meaning|which means|that means\" class=\"synonym\">which means<\/span> July\u2019s <span synonyms=\"activity|exercise\" class=\"synonym\">exercise<\/span> <span synonyms=\"came|got here\" class=\"synonym\">got here<\/span> in smaller, <span synonyms=\"more|extra\" class=\"synonym\">extra<\/span> frequent tickets.<\/p>\n<p class=\"tag-border-left\"><strong>When retail profittaking kicks in<\/strong><\/p>\n<p><strong><span synonyms=\"Local|Native\" class=\"synonym\">Native<\/span> <span synonyms=\"institutions|establishments\" class=\"synonym\">establishments<\/span> added <span synonyms=\"exposure|publicity\" class=\"synonym\">publicity<\/span>, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> retail pulled <span synonyms=\"back|again\" class=\"synonym\">again<\/span>:<\/strong> <span synonyms=\"Local|Native\" class=\"synonym\">Native<\/span> <span synonyms=\"institutions|establishments\" class=\"synonym\">establishments<\/span> <span synonyms=\"were|have been|had been\" class=\"synonym\">had been<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"buyers|consumers|patrons\" class=\"synonym\">consumers<\/span> in July, <span synonyms=\"picking|choosing|selecting\" class=\"synonym\">choosing<\/span> up a <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> EGP 1.3 bn in listed <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span> (excluding block trades), <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> <span synonyms=\"local|native\" class=\"synonym\">native<\/span> retail <span synonyms=\"investors|buyers|traders\" class=\"synonym\">buyers<\/span> offloaded a <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> EGP 2 bn over <span synonyms=\"the same|the identical\" class=\"synonym\">the identical<\/span> <span synonyms=\"period|interval\" class=\"synonym\">interval<\/span>. <span synonyms=\"Meanwhile|In the meantime\" class=\"synonym\">In the meantime<\/span>, <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> <span synonyms=\"institutions|establishments\" class=\"synonym\">establishments<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"bought|purchased\" class=\"synonym\">purchased<\/span> EGP 1.4 bn, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> <span synonyms=\"foreign|overseas|international\" class=\"synonym\">overseas<\/span> retail <span synonyms=\"activity|exercise\" class=\"synonym\">exercise<\/span> was negligible, netting a small EGP 24.4 mn sale. Regional <span synonyms=\"investors|buyers|traders\" class=\"synonym\">buyers<\/span> <span synonyms=\"sold|bought|offered\" class=\"synonym\">bought<\/span> on <span synonyms=\"both sides|each side|either side\" class=\"synonym\">each side<\/span> of the ledger; <span synonyms=\"institutions|establishments\" class=\"synonym\">establishments<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"sold|bought|offered\" class=\"synonym\">bought<\/span> EGP 697.8 mn, and <span synonyms=\"individuals|people\" class=\"synonym\">people<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"sold|bought|offered\" class=\"synonym\">bought<\/span> a smaller EGP 32.5 mn.<\/p>\n<p><strong><span synonyms=\"The net|The web|The online\" class=\"synonym\">The online<\/span>-net:<\/strong> <span synonyms=\"Institutions|Establishments\" class=\"synonym\">Establishments<\/span> <span synonyms=\"overall|general|total\" class=\"synonym\">general<\/span> (<span synonyms=\"local|native\" class=\"synonym\">native<\/span>, regional, and <span synonyms=\"international|worldwide\" class=\"synonym\">worldwide<\/span> <span synonyms=\"combined|mixed\" class=\"synonym\">mixed<\/span>) <span synonyms=\"were|have been|had been\" class=\"synonym\">had been<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"buyers|consumers|patrons\" class=\"synonym\">consumers<\/span> of roughly EGP 2 bn, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> retail <span synonyms=\"across|throughout\" class=\"synonym\">throughout<\/span> all nationalities was the mirror-image <span synonyms=\"net|internet|web\" class=\"synonym\">web<\/span> <span synonyms=\"seller|vendor\" class=\"synonym\">vendor<\/span> of <span synonyms=\"the same|the identical\" class=\"synonym\">the identical<\/span> <span synonyms=\"amount|quantity\" class=\"synonym\">quantity<\/span>.<\/p>\n<p class=\"tag-border-left\"><strong><span synonyms=\"Value|Worth\" class=\"synonym\">Worth<\/span> play<\/strong><\/p>\n<p><strong>\u201cMost Egyptian <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span> <span synonyms=\"still|nonetheless\" class=\"synonym\">nonetheless<\/span> <span synonyms=\"trade|commerce\" class=\"synonym\">commerce<\/span> at very <span synonyms=\"attractive|engaging|enticing\" class=\"synonym\">engaging<\/span> valuations\u201d<\/strong> <span synonyms=\"compared to|in comparison with\" class=\"synonym\">in comparison with<\/span> regional and <span synonyms=\"global|international|world\" class=\"synonym\">international<\/span> <span synonyms=\"peers|friends\" class=\"synonym\">friends<\/span> and <span synonyms=\"their own|their very own\" class=\"synonym\">their very own<\/span> <span synonyms=\"historical|historic\" class=\"synonym\">historic<\/span> averages, Morsy tells us, <span synonyms=\"which means|which suggests|which implies\" class=\"synonym\">which implies<\/span> new <span synonyms=\"buyers|consumers|patrons\" class=\"synonym\">consumers<\/span> are \u201c<span synonyms=\"buying|shopping for\" class=\"synonym\">shopping for<\/span> at <span synonyms=\"attractive|engaging|enticing\" class=\"synonym\">engaging<\/span> valuation <span synonyms=\"and prices|and costs\" class=\"synonym\">and costs<\/span>,\u201d not chasing a rally that\u2019s already priced in.<\/p>\n<p><strong>There\u2019s <span synonyms=\"more|extra\" class=\"synonym\">extra<\/span> room to run, <span synonyms=\"but|however\" class=\"synonym\">however<\/span> not <span synonyms=\"all at once|all of sudden|suddenly|abruptly|unexpectedly|\" class=\"synonym\">unexpectedly<\/span>.<\/strong> \u201c<span synonyms=\"We have|We now have|We've|We have now|We've got|Now we have\" class=\"synonym\">We have now<\/span> <span synonyms=\"a very|a really\" class=\"synonym\">a really<\/span> <span synonyms=\"strong|robust|sturdy\" class=\"synonym\">sturdy<\/span> upside potential,\u201d he argues, \u201c<span synonyms=\"but the|however the\" class=\"synonym\">however the<\/span> unlocking of this potential will <span synonyms=\"happen|occur\" class=\"synonym\">occur<\/span> <span synonyms=\"gradually|progressively|steadily|regularly|step by step\" class=\"synonym\">step by step<\/span>,\u201d contingent on the macro backdrop staying <span synonyms=\"stable|secure|steady\" class=\"synonym\">steady<\/span>.<\/p>\n<p class=\"tag-border-left\"><strong>The brokerages league <span synonyms=\"table|desk\" class=\"synonym\">desk<\/span><\/strong><\/p>\n<p><strong>Thndr topped the July<\/strong> <a href=\"https:\/\/ent.news\/internal\/719684.pdf\" target=\"_blank\"><strong>brokerages league table (pdf)<\/strong><\/a> <strong>with a 17.9% market share<\/strong>, <span synonyms=\"followed|adopted\" class=\"synonym\">adopted<\/span> by EFG Hermes\u2019s <span synonyms=\"combined|mixed\" class=\"synonym\">mixed<\/span> brokerage arms at 11.1% and Mubasher at 5.7%.<\/p>\n<p><strong>YTD-<\/strong> Thndr leads with a 14.6% market share, with EFG Hermes (<span synonyms=\"combined|mixed\" class=\"synonym\">mixed<\/span>) <span synonyms=\"close|shut\" class=\"synonym\">shut<\/span> behind at 14.0% and Mubasher a distant third at 6.2%, <span synonyms=\"according to|based on|in accordance with|in line with|in response to|in keeping with\" class=\"synonym\">in response to<\/span> <a href=\"https:\/\/ent.news\/internal\/719683.pdf\" target=\"_blank\">the EGX\u2019s YTD ranking of brokerage firms (pdf)<\/a>.<\/p>\n<h3 class=\"jp-relatedposts-headline\"><em><span synonyms=\"Related|Associated\" class=\"synonym\">Associated<\/span><\/em><\/h3>\n<p><\/audio><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; ForeignersAfter a full quarter of web promoting and a purple June, overseas buyers turned web consumers of Egyptian equities final month, choosing up EGP 1.4 bn in listed shares, at the same time as native people turned web sellers to the tune of EGP 2 bn, in response to the bourse\u2019s July monthly report [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[176],"tags":[],"class_list":["post-2844","post","type-post","status-publish","format-standard","has-post-thumbnail","category-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Foreigners pick up EGP 1.4 bn in local equities as EGX30 gains 5.85% in July - daily business egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailybusiness.info\/?p=2844\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta 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