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EN
Large-Caps Take Lead as Small-Stock Rally Pauses on EGX
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The Middle East Observer
Larger and more liquid shares advanced, while investors took profits in parts of the smaller-company universe after several sessions of exceptional gains.
Local Institutions Offset Foreign SellingRegular-session data showed Egyptian investors as net buyers of approximately EGP304.9mn, while non-Arab foreign investors recorded net sales of about EGP242.2mn and Arab investors sold a net EGP62.7mn.
Property and Healthcare Lead Trading ActivityProperty led sector turnover at approximately EGP2.68bn, followed by healthcare and pharmaceuticals at about EGP1.77bn.
However, foreign investors accounted for only 6.3% of regular trading on Wednesday, and one month of net buying does not establish a durable trend.
Their importance lies in whether elevated turnover can be converted into deeper institutional participation and a larger investable market.