A collective rise of the stock indices at the start of trading today

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Wednesday - 18 April 2018 - 11:38 AM

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The Egyptian Stock Exchange (EGX) opened Tuesday's session with a collective rise for all indices.

The EGX30 index rose 0.19%, the "X50" index rose 0.34%, and the EGX20 index jumped 0.16 %.

 

The index of small and medium-sized companies, the EGX70 rose by 0.11%, and the broader EGX 100 index by 0.11 %.

 

Mubasher Securities Brokerage Company said that the main index of the Egyptian stock exchange ended Monday's session with a retreat to close at 17,620 points amid relatively weak trading volumes, adding that the nearest support for the index is the level of 17,380 points, and breaking this level down pushing the index towards 17,000 Point, and changes the short-term outlook to negative.

 

In its daily report, Mubasher advises cautious trading and monitoring stop loss levels.