Cairo – Mubasher: The Egyptian Exchange’s indices initiated Sunday on a mixed note by 10:40am Cairo time.
The main index EGX30 lost 33 points, or 0.40%, to stand at 8221.7 points.
Most blue-chip stocks saw a slide, excluding Oriental Weavers, GB Auto, Amer Group, Elsewedy, OC, and Eastern Company whose rise ranged from 0.35% to 6.7% at open.
The equal-weighted index EGX50 inched down 0.05% to the mark of 1,405.9 points.
Meanwhile, the small and mid-cap index EGX70 was 0.08% higher to 360.7 points and the broader index EGX100 also edged up 0.02% to 794.7 points.
Foreign and Arab investors were net buyers by EGP 7.02 million and EGP 435,700 respectively, while Egyptians were net sellers by EGP 7.5 million.
Trading value reached EGP 62.5 million after 56.8 million shares were traded.
Out of 84 traded stocks, 24 stocks were up, 30 down, and 30 flat.
GB Auto was the most active stocks in terms of value after registering EGP 15.3 million for changing 6.4 million shares.
In terms of volume, Amer Group was the top after trading 20.7 million shares at more than EGP 6.4 million.
Earlier, market analyst Sameh Gharib said the main gauge is moving near the resistance mark of 8,300 points. If successfully holding above that mark, it will likely target the next resistance area at 8,500 points, Gharib clarified.
In case of profit-taking, the index will reverse its upturn towards the first support at 8,100 points and then 7,900 points, Gharib concluded
