| Hoda El Minshawi, managing director of the Egyptian Group for Securities Trading |
Expectations to continue the rise of the Egyptian Stock Exchange during the trading week
Hoda El Minshawi, managing director of the Egyptian Group for Securities Trading, said that the key to the continuation of the rise of the Egyptian Stock Exchange during this week's trading depends on the main market index EGX30 exceeding the level of 10862 points, as it is the axis and the new traffic ticket to complete the rise to the higher and desired targets.
In a recent report, Amwal Al-Ghad obtained a copy, it indicated that the level of the moving anchor during Sunday's session is at 10783 points.
this will be a lack of assurance to continue the bullish performance of the new channel and to continue within the same achieved price channel.”
Al-Minshawi referred to the market’s performance during the last sessions, during which the main index recorded a successive rise throughout 7 sessions, closed and centered at the top of the level of 10800 points, with the continuation of the high volatility of stocks up and down with the beginning of the movement of the International Commercial shares.
The index of the 30th session of the past five-year session closed with a significant increase of 1.06%, equivalent to 112.96 points, at a value of one billion tradings, which amounted to about 1,234.923.646 billion pounds through the implementation of 40.928 thousand operations and the session witnessed trading on 192 shares, of which 93 shares rose, while 30 shares maintained the price Previous closure and the rest decreased by 69 shares.
In a related context, it indicated the most important resistance levels during Sunday’s session at 10862, 10906-10956, 11089 then 11173 points, against support levels 10783-10739, 10616, 10562, and 10498 points.
Money markets
The Egyptian Stock Exchange
Hoda Al Mashnawi
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