[ad_1]
Egyptian Stock Exchange – The main stock index should reach 16350 points Source: News and Events – Stock Market and Financial News –
– The Egyptian Stock Exchange closed a session Wednesday, at a rally of mass except for the [Small-sizedstockindexthatended
The main index rose 0.20% to 15952 points, the broader index of the same ratio to 1997 points, and its equivalent weights of 0.68% to 2709 points.
The trading value of the stocks was 799 million pounds. Of the total shares traded of 175 shares, the increase was dominated by the performance of 68 shares, and dropped by 62, between the performance of 45
and the market capitalization of two billion pounds, at 889 billion pounds
Analysts expected the main stock index to test the 16,000-point zone tomorrow (19659006) On the SME index, analysts said the index would remain unchanged at current levels until the cyclical review and the entry and exit of the index. here the end of this month.
The main indicator shows some signs that could push a bullish movement even temporarily to test it at 16100, "said Ibrahim Al Nemer, head of technical analysis at Al Naeem Holding. 16125 points, while on the index The small and medium-sized securities have shown that the index has not consolidated above the support level at 790 points, leading to a further decline to the next support level at 750 points
.In the same context, Hisham Hassan, chief investment officer at Royal Securities, expected that the main stock index would test the resistance level at 16,000 points and places it at a higher level at 16350 points.The Egyptian Stock Exchange
He pointed out that the performance of the stock market for the second consecutive session came with the support of Egyptian institutional buying, in addition to the wind operations It was calm on the shares of "Global Telecom", and ended the trading session yesterday on the rise (19659006) and advised traders to wait and monitor the performance of the shares.
Egyptian traders opted for a purchase of 98.5 million pounds, of which 64 million pounds of institutional purchases, while Arabs and foreigners were selling 23 and 75 million pounds respectively, and dominated domestics 75 % and 10% Loma News is a news search engine and Loma News disclaims any liability for news content or images, but it is the responsibility of the original publisher of the information and the source. If you have the news and want to delete it, please first refer to the original news source and then send us an email to delete it
[ad_2]Source link
