Foreign investor appetite picks up in Egypt after currency stabilisation, bourse chief says

Foreign institutional orders are gradually returning to Egypt’s stock market after recent currency stabilisation and the central bank’s move towards a more flexible exchange rate, Chairman Omar Radwan said on Monday.

Speaking at a luncheon hosted by the British Egyptian Business Association (BEBA), Radwan said international investor interest had begun to recover as macroeconomic conditions improved and exchange rate volatility eased.

“The market is beginning to reflect a pound that has proven more resilient,” he said, adding that foreign institutional activity had increased in recent months.

Radwan said the performance of Egypt-focused stocks and global depositary receipts (GDRs) traded in London was increasingly aligning with domestic market valuations, a sign that investor confidence was improving.

The comments follow Egypt’s efforts to stabilise its currency and adopt a more flexible exchange rate regime as part of broader economic reforms aimed at attracting foreign capital and easing pressure on the balance of payments.

Radwan said the improving macroeconomic backdrop, combined with regulatory reforms at the exchange, could strengthen Egypt’s appeal to international investors seeking exposure to emerging markets.

The exchange is also working to simplify listing procedures and cut approval times for capital increases and new offerings as part of a wider strategy to deepen liquidity and expand private-sector participation.

Egyptian authorities have been seeking to expand the role of capital markets in financing economic growth as the government presses ahead with reforms to improve the investment climate and encourage greater private-sector activity.