Over the 10 year period from 2004 to 2014 the EGX30 witnessed a simple average return of 21% per annum and has outperformed this average consecutively in its’ last 3 years. One of the more interesting aspects illustrated in the above chart is the phenomena of decoupling which occurred in 2013. In 2011 ’s revolution the EGX30 declined by -49% yet in 2013’s revolution the index climbed 24%. Decoupling entails higher tolerance to, and lower correlation with, political events and social unrest as the Egyptian capital markets become de-synthesized to political shocks.

Perhaps most strikingly is Egypt’s ability to re-bound and recover as demonstrated by the EGX30’s ability to record positive gains of 51% and 32% in the post-revolution years in

2012 and 2014 respectively.