Professor Ali Gamal Abdelgawad: A Comprehensive Analysis of the EGX30 Index – Egyptian Exchange

• بواسطة دكتور علي جمال عبد الجواد
• 2025 Nov 28
• 1064

 

Prepared by: Professor Ali Gamal Abdel Gawad – Lecturer of Investment and Finance.

A Comprehensive Analysis of the EGX30 Index – Egyptian Exchange

Introduction

The EGX30 index closed the trading session of November 27th with a strong gain, reaching 40,039 points, a rise of 1.27%. This increase was driven by the positive performance of a large number of leading stocks, reflecting the continued buying momentum of both local and foreign institutions, despite global fluctuations in commodity and interest rates.

The index is currently trading near its 52-week high of 41,443, confirming its medium- and long-term upward trend.

Index Basic Data – November 27

Closing: 40,039.24

Change: +501.99 points

Daily Range: 39,536 – 40,049

52-Week Range: 28,349 – 41,443

First: Technical Analysis of the EGX30 Index

General Trend

The trend is upward on short and medium timeframes.

The index is moving above most of its key moving averages (50, 100, and 200).

Support and Resistance Levels

Support:

39,600 First short-term support

38,900 Major support

37,800 Strong support representing the bottom of the uptrend

Resistance:

40,300 Immediate resistance

41,000 Psychological resistance

41,450 Yearly high and most significant resistance

Technical Signals:

Positive momentum and the RSI is moving in positive territory without being overbought.

Trading volumes are growing, especially in leading stocks, which reinforces the bullish scenario.

The index's success in holding above 39,600 opens the way to test the 41,000-41,400 range.

Second: Fundamental Analysis

The EGX30 index reflects the performance of major companies in the Egyptian market, encompassing diverse sectors such as:

Banks: CIB, Crédit Agricole, ADIB

Real Estate: Talaat Moustafa Group, Palm Hills Development, Emaar Properties

Fertilizers & Energy: Abu Qir Industrial Estates, Mobco, AMOC

Telecommunications & Technology: Telecom Egypt, Fawry, eFinance

Industry: Egyptian Weavers, Juhayna Agricultural Development, Arabian Cement, Egypt Aluminum

The recent rise in the index is linked to fundamental factors:

Improved corporate results during the last quarter.

Anticipation of further interest rate cuts in 2025.

Increased risk appetite among institutions following the stabilization of the exchange rate.

Stronger cash inflows into banking, fertilizer, and real estate stocks.

Third: Key News Supporting the Index

Commercial International Bank (CIB) leads the gains (+1.63%) with continued institutional inflows.

Egypt Aluminum, Arab Cement, and Qena were among the top gainers, with strong gains of 4-5%.

Fawry and eFinance returned to clear positive territory, supported by improvements in the digital payments sector.

Talaat Moustafa Group and Palm Hills Developments saw significant activity as the real estate market recovered and sales increased.

 

Beltone and Qalaa Holdings maintained very high trading volumes, reflecting investor interest in organized speculation.

Fourth: EGX30 Top Stocks Analysis – Summary

Top Gainers

Egypt Aluminum +4.92%

Arab Cement +4.79%

Qena Development +3.94%

Ibn Sina +2.99%

Abu Dhabi Islamic Bank +2.85%

Palm Hills Development +2.15%

Fawry +2.12%

These stocks reflect:

Strength in the industrial sector.

Improved investor confidence in the real estate and banking sectors.

Significant activity in fintech stocks.

Leading Declines

Credit Agricole -4.11%

Al Qalaa -1.83%

Juhayna -1.82%

The downward pressure appears to be a natural correction after previous strong gains.

Fifth: Short-Term Outlook

As long as the index maintains:

Above 39,600 points

The trend will remain:

Upward

Targeting 41,000 – 41,450 points

If the 39,600 support level is broken:

The index will begin a correction towards 38,900 and then 38,000.

However, fundamentals and the overall trend indicate that the EGX30 is poised to continue its upward trend, supported by continued activity from institutions and foreign investors.

Conclusion

The EGX30 index continues its strong performance and is approaching its all-time highs, supported by strong buying momentum and stable corporate financial results. The technical trend is clearly upward, and the fundamentals confirm continued investment flows, meaning the current momentum is likely to persist unless external shocks emerge.

The index is poised to approach 41,000–41,400 in the short term, provided it holds above 39,600.

• الوسوم
• Professor
• Ali
• Gamal
• Abdelgawad:
• A
• Comprehensive
• Analysis
• of
• the
• EGX30
• Index
• –
• Egyptian
• Exchange
• Professor Ali Gamal Abdelgawad: A Comprehensive Analysis of the EGX30 Index – Egyptian Exchange