Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Beltone Holding Company stock has witnessed positive trading on the daily timeframe, as it moves within an upward trend supported by trading levels above the moving average.

The Relative Strength Index (RSI) is showing that Beltone stock is approaching the overbought zone, reflecting a potential short-term correction.

The price is close to a significant resistance at EGP 3.67; if it manages to break through with an increase in trading volumes, the next price target in the near term will be EGP 3.79, then EGP 4.05.

Mubasher Trade Research further indicated that the current support level for the stock, which must be maintained to avoid further declines, is EGP 3.20.

Price Movement Summary

The stock of Beltone started 2025 with a volatile sideways trading phase. The actual rise and exit from the sideways range began in early May, followed by a strong surge during June that was supported by a noticeable increase in trading volumes.

The stock reached its 2025 annual peak near the EGP 3.80 level in June.

Then, the stock declined due to profit-taking, where it entered a sideways range in both September and October. The stock then succeeded in breaking out of the sideways trading at the end of November. It is currently approaching the annual peak at EGP 3.80.

Company Overview

Beltone Holding (BTFH.CA) is one of the leading companies operating in the non-banking financial services (NBFS) sector on the Egyptian Exchange (EGX), offering through its subsidiaries a variety of services like securities brokerage, asset management, securitization, financial consulting, promotion, and underwriting coverage.

The company has a strong presence in the market through entities such as Beltone Securities Brokerage and Beltone Securitization, with a market capitalization of approximately EGP 32.50 billion and 10.70 billion shares. It also constitutes about 2.43% of the weight of the EGX30 index, making it one of the leading and influential stocks in the Egyptian financial sector.

Important note: This analysis relies solely on the foundations and tools of technical analysis and reflects a purely analytical perspective that may vary depending on the methods of reading and interpretation. What is stated in this report should not be considered a direct recommendation to buy or sell, or an invitation to make any investment decisions; it is for monitoring and study purposes only. Investment decisions are the sole responsibility of the investor based on their financial situation and personal goals.