EGX closed up 11.4% in 2Q, and down 4.12% in June

The EGX closed 2Q in the green, despite a June selloff that ate into two months of gains. quarterly report (pdf) monthly report (pdf)

Why June cracked after a good April-May run:

Breadth carried 2Q more than the blue chips did.

Who pulled their weight:

Local institutions and individuals were the market’s only net buyers

Why regional investors sold harder than their foreign counterparts:

What brings foreign investors back?

Easing geopolitical tensions:

A market depth problem:

While the EGX30 cooled in June (-4.1%), the broader market held up.

Market cap followed the blue chips down

Shipping & transportation services (+12.6%) was June’s best performing sector

June’s trading flows mirrored a broader trend:

The bourse plans to meet with listed companies to discuss reviving the Global Depository Receipts (GDR) market Al Borsa

A play for foreign money: