Tanzania

Egypt: Egyptian stocks fell to the lowest level in more than five weeks on the back of intensive profit taking operations. The benchmark index EGX30 lost 1.43% to close at 9334pts. The index resumed its sharp decline for the second session in row to hit its lowest level since the middle of last January. The EGX70, which measures small and mid-cap stocks, went down 0.88% to close at 558pts and the broader index lost 0.86% at…

Egypt: The Egyptian Exchange (EGX) indices have plummeted on Wednesday, as the market capitalization lost around EGP6.4bn.  Today, EGX indices have pulled down on the back of strong selling pressures from both local institutions and Arab retail traders. The benchmark EGX30 has slipped 1.48% or 142 pts to 9469.08pts. The benchmark has major support zone at level of 9433 pts on the short-term and upon crossing it the index will re-test levels of 9780 and…

Egypt: The Egyptian Exchange (EGX) indices have closed on mixed note today, as the market capitalization added EGP71mn amid lack of new economic catalysts. Today’s trades came to approve that resistance level of 9675 pts is considered a strong barrier, as the benchmark halted in breaking above it for the second session in row. The benchmark EGX30 (30 well-capitalised companies) inched up 0.11% to close at 9,611.66pts. The EGX70, which measures small and mid-cap stocks,…