Market Commentary
EGX30 closes May at multi-month high on banking sector rally
2 June 2026
The benchmark index advanced 4.2% in May, led by financials and real estate, with foreign net-buying turning positive for the first time in seven weeks.
May closed with the EGX30 up 4.2% month-on-month, lifted by a synchronised rally in banking heavyweights and selective strength in real estate. Foreign flows turned net-positive for the first time since mid-March as carry-trade conditions stabilised alongside a steadier EGP.