Predicted Issa Fathy, vice president of the Division of Securities, to see the stock market stable during the current trading week, with low trading volumes, and the stability of the market.
In terms of indicators, it is not expected to deteriorate, as happened the past two Alosbuaaan, pointing out that last week's losses amounted to only 400 million pounds, compared with $ 50 billion past two Alosbuaaan.
He attributed the "Fathi" decline in the size of the losses to the desire to drop in sales, in addition to the entry of the smart money to seize opportunities as a result of falling prices dramatically, along with the continuation of foreigners in procurement, which contributes to the reduction of landing.
He also predicted decline in sales of desire by the Egyptians, adding that it is also expected to witness the transactions and transfer deals which will lead to increased trading volumes.
For his part, predicted Ihab Said, a member of the Board of Directors assets Securities, to continue main market index EGX30 decline with the beginning of the session until the level of support short-term, near the 4560 point, then begins to cohesion and re-converting to the top, to reduce the side of the losses morning with closure on the decline.
In terms of indicators, it is not expected to deteriorate, as happened the past two Alosbuaaan, pointing out that last week's losses amounted to only 400 million pounds, compared with $ 50 billion past two Alosbuaaan.
He attributed the "Fathi" decline in the size of the losses to the desire to drop in sales, in addition to the entry of the smart money to seize opportunities as a result of falling prices dramatically, along with the continuation of foreigners in procurement, which contributes to the reduction of landing.
He also predicted decline in sales of desire by the Egyptians, adding that it is also expected to witness the transactions and transfer deals which will lead to increased trading volumes.
For his part, predicted Ihab Said, a member of the Board of Directors assets Securities, to continue main market index EGX30 decline with the beginning of the session until the level of support short-term, near the 4560 point, then begins to cohesion and re-converting to the top, to reduce the side of the losses morning with closure on the decline.
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