CAIRO: The Egyptian Exchange (EGX) opened with a small rise of 0.77 percent Tuesday, following a Monday rally in which the market was pushed by a strong buying spree.
The benchmark index EGX registered 9,178 points, up from 9,109 points at Monday’s close.
Also, the small and mid-cap EGX70 rose by 0.71 percent, registering 580 points, compared to 576 in its last session. The broader EGX100 index added 0.94 percent as well.
“The EGX30 penetrated 9,050 points and advanced toward 9,110 with good volume,” Noha Raheel, head of technical analysis desk at Capital Security Brokerage told The Cairo Post Monday.
“Traders are recommended to wait for new entry, respect the stop-loss and watch the market for entry point,” she concluded.