Cairo - Mubasher: The main index of the Egyptian Exchange (EGX) went up 3% in the second quarter of 2017 to the level of 13,395.81 points, compared to the previous quarter.
EGX30 saw traded volumes of 12.62 billion shares in Q2-17, with a total turnover of EGP 41.5 billion.
The benchmark index declined by 4.32% in April, only to increase in May and June by 7.29% and 0.42%, respectively.
The market capital rose by EGP 38.5 billion in the second quarter to EGP 693.5 billion.
As for the performance of the main index in the first half of the year, EGX30 added 8.5%, gaining 1,050 points, reaching the level of 13,395.81 points.
Market expert Safaa Faris expects the Egyptian bourse to continue its upwards trend in the third quarter f 2017.
EGX30 has a resistance level at 13,600, and if it was to exceed it, the index will target the 13,900 level, with the support level at 13,340 points.
The resistance level for the small and medium stocks index (EGX70) is at 658 points, while the support level is at 633 points, she noted.
EGX70 rose 14% in Q2-17 to 649.4 points, gaining 79 points, and registering a volume of 1.9 million shares and a value of EGP 13.24 billion.
Meanwhile, EGX100 grew 14% in Q2 to the level of 1,509.24 points, with trading volumes reaching 14.5 billion shares and a total traded value of EGP 54.7 billion.
