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Enormous Losses Plague Egyptian Stock Exchange


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The Egyptian Stock Exchange fell significantly today, Thursday, and its losses approached 2% after relative stability yesterday, Wednesday.

The main EGX30 index fell 1.82% to 16,709.28 points.

The main index moved in a narrow range yesterday, maintaining its presence in the green zone, and closed the session above 17 thousand points.

This level is a resistance point around which the main indicator rotates for several days, rising above it and returning below it again.

One investment bank said: “The index is still testing the 17,000 resistance level for the third session in a row. protect profits.

He added: “The first level of support is at 16,700 and if 17,000 is broken, the next resistance will be at 17,360.”

Source: Al-Shoruk

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