Market analysts and capital market experts ruled out that Egyptian Stock Exchange (EGX) today's trades will be negatively affected by yesterday’s bomb blast near Egyptian Supreme Court.

news reports stated that at least two people have been killed and nine others injured when a bomb blast struck near the building of the Supreme Court.

"Supreme Court's blast will have limited impact on today's trades," said Ahmed Abdulhamid, managing director of branches at Watheeqa Securities Brokerage.

"Egypt's bourse awaits new catalysts heading into March economic summit ", noted Abdulhamid.

Abdulhamid believes the benchmark will witness stable movements near level of 9500 as investors will carry out accumulation trades, which in its turn will push the benchmark for further rally.

EGX indices rallied on Monday, gaining nearly EGP 5.8 billion ($760.3 million), amid a buying spree among local institutions.

The benchmark index EGX30 rose 1.86% - its biggest one day gain in a month and a half – to close at 9456.33 points.