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Technical analysts predicted that Egyptian Exchange (EGX) will move sideways, dropping down during this week’s trading. EGX30 is expected to move between 7,900-8,000 points. Analysts pointed out that the EGX market witnessed a limited growth of 0.06% last week, rising from 8,131 points to 8,136 points. While the total trading value declined from EGP 3bn to EGP …
Technical analysts and executives at brokerage firms expect the Egyptian Exchange (EGX) to continue its profit-making wave during this week’s transactions. EGX30 is expected to move between 8,050 and 7,993 points. Experts advise investors to purchase a number of shares if they continue to fall. Ehab El-Saeed, head of technical analysis at Osool Securities Brokerage …
Technical analysts predicted that the Egyptian Stock Exchange (EGX) will move sideways between 8,150–8,400 points, perhaps dropping down to the 8,100-8,050 points during this week’s trading, awaiting any new economic incentives that will encourage investors to rebuild purchasing centres again. Analysts pointed out that the EGX market witnessed a limited decline of 0.72% last week, …
Egypt’s economic recovery has been demonstrated by its EGX30 records according to a Dcode Economic and Financial Consulting (Dcode EFC) report, released in this month. The report specified that measures were taken by the Egyptian Financial Supervisory authority (EFSA) and EGX that helped in providing simpler listings rules. The measures included the release of rules …
The EGX 30 index, which bears a year-to-date loss of 13%, closed at 4,752.22 points.
Benchmark EGX 30 index inches back up after a two-week tumble, hinting at easing protest concerns
Experts are unsure of market’s future as increasing instability looms
Bourse official: Arab and foreign investors take to buying Egyptian stocks during times of crisis
EGX 30 experiences collective decline of stock market indicators as trading closes on Sunday, reaching 4915.96 points
Another meeting between OCI and the Egyptian Tax Authority scheduled for Sunday
The index started the day at 5.688 down one point from Sunday; it rose to 5.702 points before starting the downward trend to close the day at 5.608 points, failing to stay above the 5.700 points level.
Public Financial Supervisory Authority to not allow for stock options, derivatives, futures and other high risk financial instruments to be traded on Egypt’s stock exchange.
The benchmark index, EGX 30, started the week at 5.734 points to reach a two month high of 5.867 points, before falling to 5.755 points at the end of the week.
Mood of pessimism continues to drive down stock market
The IMF deal has been seen by analysts as the key catalyst of recovery in the stock exchange after the revolution
By Fatheya Al-Garhy The stock market remained surprisingly resilient to last week’s consecutive multitude of violent events: Nile City towers, Dahshour and Rafah. They caused a sharp decline in the market’s indices only for them to rebound back and absorb the events, supported by Egyptians’ purchasing transactions. Another major factor that contributed to the market’s …