During this week’s sessions, indexes of the Egyptian Exchange (EGX) rose collectively and market capitalization gained more than EGP 8 billion supported by active real estate stocks.

Benchmark index EGX30 rose 2.58% or 204.21 points to reach 8103.67 points, up from 7899.46 points.

Capital market experts said that EGX30 will continue its rise when it surpasses 8100 points, with a high turnover, after the Easter Holidays, moving forward to 8350 points.

Small and mid-cap index EGX70 also rose by 1.85% or 11.06 points to close at 606.45 points, up from 595.39 points.

The broader index EGX100 ended the week 1.7%, or18.12 points higher closing at 1062.11 points, up from 1043.99 points.

Market capitalization gained EGP 8.1 billion to record EGP 477.6 billion, compared with EGP 469.5 billion last week.

Moamen Al Shayal, head of trading at Jazira Asset Management said that he expects benchmark to face sales pressure next week, near the 8200 point mark.

Sameh Gharib, head of technical analysis at Roots Securities, said that indexes performed positively over the last week as turnover increased compared to the previous week.
He expected benchmark to cross 8100 point mark, targeting resistance level at 8350 points.


Last end of week session, EGX rose collectively and market capitalization added more than EGP 8 billion powered by real estate stocks that saw bullish performance as property event Cityscape kicked off in Cairo.

Benchmark index EGX30 rose 2.57% or 198.36 points to reach 7899.46 points, compared with 7701.1 points.
Small and mid-cap index EGX70 also added 3.67% or 21.12 points to close at 595.39 points. The broader index EGX100 ended the week 3.4%, or 34.5 points higher at 1043.99 points.

Market capitalization added EGP 8.3 billion to record EGP 469.5 billion, compared with EGP 461.2 billion the previous week.