Drop in leading stocks pushes EGX30 to decline further, though expected to bounce back this week
“On the other hand, the market capital was EGP 686.6bn during the last week, down 1.23% from the week before last” writes Fatma Salah for dailynewssegypt.com. The broader EGX100 index fell 1.57% to 1,360 points, and the EGX30 Capped index down 2.4%, closing at 15,784 points.Kamal expected the market to bounce back at the beginning of this week and test its resistance point at 13,500 points and then 13,700 points.Amin expected the index to move in the medium term between 13,000 and 15,000 points, predicting the market to rise again.…
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