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Weekly Technical Analysis

September 02 -September 06 2007

Market Call
Market Trend Status: Down Trend (Minor) Equity Market  Egypt’s bourse performance this week was positive. The HCMI recorded a succession of healthy buying scenarios throughout the week. However, we have not yet seen a break above the 465.0 resistance level. As a result, the HCMI gained an encouraging p5.4% from its previous week’s close to register 457.4 (8,166.6 on the Case30 Index). The week’s total trading volume increased to reach 111.4 million shares.
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September09_07_EgyptTA_Weekly.pdf239.68 KB