The Effect of Macroeconomic Factors on the Performance of the Egyptian Stock Market

The study addressed the impact of independent variables represented by macroeconomic factors, including inflation; interest rates, government expenditure, gold prices, foreign direct investment, imports, exports and political risks on the dependent variable, which is the Egyptian stock market performance which was accomplished using the EGX100 index from July 2006 to December 2022. The research problem focused on answering the main question: Is there an impact of macroeconomic variables on stock returns in the Egyptian stock market performance? The researcher found a positive significant relationship between the Egyptian stock market performance and inflation, interest rate, government expenditure, gold prices, foreign direct investment FDI and Exports. However, there is a positive insignificant relationship between the Egyptian stock market performance and imports while there is a negative insignificant relationship between the Egyptian stock market performance and political risk.