EGX shuts on mixed note, benchmark up 0.2%
The Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) shut on a mixed note Monday, as the benchmark index EGX30 ended 0.21 percent higher after receiving support from foreign institutions’ purchase.

The benchmark registered 9,374 points at close, compared to 9,354.7 Sunday. In turn, the small and mid-cap index EGX70 lost 0.2 percent to hit 527.15 points, down from to 528.18 points in its last session. The broader index EGX100 fell by 0.1 percent as well, recording 1,077 points.

Equities shed around 400 million EGP ($52.4 million) as market capitalization dropped to 514.4 billion EGP, compared to 514.8 billion EGP Sunday.

“The EGX 30 is still near the key support range of 9,250-9,300 points. A confirmed breach below 9,250 points may drag it lower toward 9,000 points,” Ibrahim El-Nemr, Technical Analysis Desk head at Naeem Brokerage told The Cairo Post.

He advised traders to wait for another buy signal.

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