Analyst expects the index's main index to fluctuate between 13370-14100 points

Economy and stock exchange

Adham Gamal El Din, head of technical analysis at Cairo Capital Securities, said that the main index of the Egyptian Stock Exchange has consolidated during the last session before the holidays of Eid al-Fitr, and rebounded before reaching the level of support 13370 points, noting that the meetings of the last two weeks of the stock exchange, Negative performance pushed the main index to retreat before achieving the resistance level 14100 points.

He added that the performance of the Egyptian Stock Exchange during the coming period is linked to two important levels. The main index of the stock exchange reached the level of support of 13370 points. The decline below is considered a negative signal. It strengthens the move to 13000 points and then 12,000 points. A break above is a chance to buy a target of 14500 to 14700 points.

He said that the main index of the stock exchange may witness a fluctuation in performance between the current levels of 13370-14100 points, so investors are advised to exploit the traders in principle.