Cairo-Mubasher: The Egyptian Exchange (EGX) indices rose in Monday's early trade, with the benchmark adding 0.83% or 57 points to 6,894 pts.
Sameh Gharib, Head of Technical Research at Roots Securities, expected the market to continue its rally targeting the next resistance at 7,000 pts. He added that this positive outlook will continue as long as the index holds position above its support of 6,600 pts.
EGX70 also targets the next resistance of 374 pts, Gharib said.
CIB and EFG-Hermes edged up 0.82% and 1.33%, respectively. Palm Hills and SODIC climbed 1.3% and 3.2% in a row.
The equal-weighted index EGX50 added 0.61% to 1,162.6 pts, while the small and mid-cap index EGX70 moved 0.31% higher to 369.6. The broader index EGX100 gained 0.28% to 779.4 pts.
A total of 10.6 million shares changed hands through 710,000 transactions at a turnover of EGP 17 million.
Translated by Abdul Maguid Aboshahla
