EGX shuts on mixed note, equities gain 3.5B EGP
Egyptian Stock Exchange - YOUM7(ARCHIVE)

CAIRO: The Egyptian Exchange (EGX) shut on a mixed performance Thursday, amid sideways trading.

The benchmark index EGX30 fell by 0.21 percent, registering 9,843 points, compared to 9,963 Wednesday. In return, the small and mid-cap index EGX70 added a slight 0.21 percent to 576.5 points, down from 575 points in the last session and the broader index EGX100 has also added 0.21 points, recording 1,145 points.

Market capitalization added around 3.5 million EGP ($ million), edging up toward 526.7 billion EGP, compared to 523.2 billion EGP Wednesday.

Adham Gamal Eldin, head of the technical analysis desk at Cairo Capital Securities, said that the market may extend its downward toward 9,800 points next week.

“A breach below the support level of 9,830-9,800 may drag the index toward the next support level of 9,580 points in the coming few sessions,” the analyst told The Cairo Post.

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