By: Heba El-Kordy
Cairo – Mubasher: The Egyptian Exchange (EGX) ended Tuesday’s trading session on a mixed note amid foreign and Arab buying and local selling.
The benchmark EGX30 index closed up 0.33% or 44.95 points to the level of 13,725.45 points.
The indices of the EGX are still retesting support levels, head of technical analysis at Acumen for Securities Hesham Hassan told Mubasher.
The EGX30 was trying to settle above 13,700 points, Hassan said, adding that it has a minor support at 13,500 points and resistance at 14,000 points.
The EGX70 index slipped 0.01% to 750.78 points, while the EGX100 index edged up 0.14% to 1,707.87 million.
Market capitalisation closed at EGP 768.02 billion, gaining EGP 3.2 billion.
The equal-weighted EGX50 index added 0.46% to 2,392 points.
The heavyweight Commercial International Bank (CIB) shed 0.94% to EGP 72.84, with a turnover of EGP 103.4 million.
The CIB has support at EGP 71 and EGP 72, Hassan highlighted, adding that blue chips are hovering around significant support levels.
The analysts recommended investors to reduce purchasing positions and eliminate targets.
Trading volume stood at 229.6 million shares exchange at a turnover of EGP 934.25 million through 26,200 transactions.
Egyptian investors were net sellers with EGP 39.07 million, while foreign and Arab investors were net buyers with EGP 9.8 million and EGP 29.18 million, respectively.
Translated by: Mai Ezz El-Din
