EGX opens with sideways trading, 0.17% rise
Egyptian stock exchange in Cairo - YOUM7 (Archive)

CAIRO: The Egyptian Exchange opened with a small rise Sunday, reaching  9,435 points, up from 9,420 points at close Thursday.

The benchmark index EGX30 gained 0.17 percent, after it fell 1.15 percent last week, while the EGX 70 rose .91 percent to reach 623 points after last week’s rise of 0.20 percent.

EGX 30 reached the short-term target territory of 9,590 points last week ; the Naeem brokerage warned profit-taking may lead to a decline towards the 9,150 point support level; although confirmed breach above 9,600 may send it higher towards 9,830 points.

The Naeem brokerage advised investors are to buy near supports, as the stop-loss limit is 8,600 points.

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