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EGX30 plummeted more than nine per cent on Sunday, 25 November. (DNE/ Mohamed Omar)

EGX30 targets 7,900-8,000 points this week

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 …

Mohamed Ahmed

EGX30 plummeted more than nine per cent on Sunday, 25 November. (DNE/ Mohamed Omar)

EGX falls to 8,050 – 7,993 points giving buyers the opportunity for future profit

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 …

Mohamed Ahmed

EGX30 plummeted more than nine per cent on Sunday, 25 November. (DNE/ Mohamed Omar)

EGX30 targets 8,150 – 8,400 points this week

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, …

Mohamed Ahmed

Economy recovering, EGX records show: Dcode EFC Report

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 …

Menna Samir

Stock Market remains resilient despite calamitous week

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 …

Daily News Egypt

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