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EGX to move sideways in mid-term as it awaits fresh catalysts
Benchmark EGX30 index may retest 15,320 points if it breaks resistance at 15,000
EGX lists Orascom Development Egypt on EGX30 index
The Egyptian Exchange (EGX) listed Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding, on the EGX 30 index on Monday, as the company met the trading standards of the index, which includes the country’s top 30 listed companies. The move follows the success of ODE in 2018, as it was one of the …
Egypt stock market to keep rally alive as foreign investors likely to build new positions
EGX30 gains 0.7% in week to close at 13,367 points; target resistance at 13,775pts
Egypt shares to move upwards ahead of year-end bolstered by blue-chips stocks
EGX30 rose by 140 points or 1.08% in week, closing at level of 13,137.5 points
Egypt shares to move sideways amid weak liquidity as investors await fresh stimulus
EGX30 returns to gains in the third week of October recovering from steepest fall in 3 months
Egypt shares await fresh stimulus to resume rally amid lack of catalysts
Main benchmark extended downward trajectory last week on sell-off streak
Egypt Exchange to resume rally after Eid holiday as corrections end
EGX30 to move towards 16,800 points, EGX70 heads towards 860 points in heavy trade
Bourse suffers amid broader selloff streak in emerging markets
EGX30 records its worst monthly losses in almost 2.5 years, likely to end correction this week
Egypt shares likely to move upwards as CBE extends easing cycle
EGX30 among region’s best performer in Q1; rises 16% to 17,450 points
Egypt shares likely to halt rally amid possible profit-taking streak
EGX30 rises 2.3% in one week, closing at 16,999 points
Egypt shares expected to move sideways on profit-taking, await fresh stimulus
EGX30 falls 1.56% or 240.27 points in a week, records worst weekly losses in 2018
Ahead of year-end, Egypt shares likely to test new peaks on local purchases
EGX 30 rises 2.69% to 14,679.91 points; targets 15,000 points in the mid-term
Foreigners net buyers on Sunday despite decision; EGX30 hit all-time high
CBE imposes entrance fees not to affect foreign inflows in stock market
Egypt likely to extend gains on foreign and Arab investor purchases
Valuations remain supportive for equities, YTD returns driven by EPS growth, says EFG Hermes
EGX70 likely to outperform EGX30 during Q1
Liquidity levels to be monitored while breaking 14,200 points: market expert
Egypt shares likely to keep rally alive as foreign investors build new positions
EGX 30 surges 1.87% in week buoyed by foreign and Arab purchases
Egypt shares close on mixed note in a week, likely to resume rally
Foreign investors expected to build new positions in blue-chips
Egypt shares extend gains; record best weekly rally in September
Local investors boost the market as they embark on building new positions
Egypt shares resume rally in a week as foreign investors buy
EGX30 gains 1.32% buoyed by blue-chips performance
Egypt shares extend sideways, await new stimulus
EGX30 lost 0.5% in a week to close around 13,400 points
Collective purchases of shares to dominate EGX this week
Sideways trend tilted to rise between 12,800 to 13,400 points is expected
EGX30 targets 13,400–13,600 points this week
Technical analysts predict the EGX will continue making gains, while trading volume increases
EGX30 targets 13,100 points this week
Technical analysts predicted that the Egyptian Exchange (EGX) will continue to take advantage of the falling price of the pound, and aims to achieve a new record level near 13,050-13,100 points in this week’s trading after the New Year’s celebrations and Christmas holidays. The EGX30 closed at a new level of 12,824.3 points, with weekly …
Recommendations for selective purchasing of stocks as EGX30 moves sideways
EGX expected to move between 11,200 to 11,500 points
EGX faces 2 different scenarios following record increase
The Egyptian Exchange (EGX) will have to counter with a different set of circumstances this week following its remarkable performance since the flotation of the Egyptian pound earlier this month. Technical analysts said that the slight decline recorded by the EGX in the final hour of Thursday’s session will result in two possible scenarios: the …
EGX celebrates freezing capital gains tax, rises 0.91%
The decision will attract new investors, and lead next governmental and private IPOs to succeed
EGX30 expected to move sideways between 8,248 and 8,343 points
EGX30 expected to move sideways between 8,248 and 8,343 points
EGX30 expected to move sideways to 8,000-8,500 points: analysts
Technical analysts predicted that the benchmark index EGX30 at the Egyptian Exchange (EGX) would move sideways, between 8,000 and 8,500 points, after it failed to maintain stability above the resistance level of 8,500 points during last week. EGX30 fell by 2.86% last week to close at 8,277.2 points at the end of the week, compared …
EGX30 expected to test resistance level of 8,500 points
Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this week’s trading with support from purchases from foreign investors. They also expect that the EGX30 might test the resistance level of 8,500 points. The director of the technical analysis division of Osool Securities Brokerage, …
EGX30 expected to continue moving sideways to 7,800-8,020 points: analysts
Technical analysts predicted that the Egyptian Exchange (EGX) would move sideways, leaning towards a decline, amid decreasing trading volumes this week. Moreover, they said the index should range between 7,800 and 8,020 points. They recommended that dealers and investors take advantage of this predicted decline over the first few sessions of the week to buy …