Cairo - Mubasher: The Egyptian Exchange continued its upwards trend in the second session of the week, supported by the Egyptian and Arab investors’ purchases.
The benchmark index EGX30 levelled up 0.09% or 12.5 points, closing at the level of 14,426.75 points.
Economic analyst and capital markets expert Safaa Faris said that EGX30 needs the continuity of purchasing powers, in order to maintain its gains.
The main index now has resistance levels between 14,560 and 14,700 points, while support levels are primarily at 14,320 and then 14,100 points.
The small and medium-sized enterprises index EGX70 gained 0.99% to clost at 785.07 points, while the broader index EGX100 increased by 0.79% to 1,848.13 points.
Faris noted that for EGX70 resistance is at 788, and then 795, while for the support, it lies between 775 points to 763 points.
Meanwhile, the equal-weighted index EGX50 rose 0.86% to the level of 2,540 points.
Traded volumes reached 172.9 million shares, with a total turnover of EGP 972.6 million, through 29,330 transactions.
Foreign investors leaned towards selling with a net EGP 65.3 million, while Egyptian and Arab investors were net buyers with EGP 49.1 million, and EGP 16.2 million, respectively.
The market capital rose by EGP 9.6 billion to a total of EGP 805.3 billion.
