EGX to pursue its winning streak this week

Sunday 06 January 2019 09:26 AM

EGX Building
EGX Building

By Mona Abd El-Bary
Analysts expect the Egyptian Stock Exchange to continue a winning steak it started last week on the back of selective positive moves led by EGX30 and EGX70's blue chips. 
" Moves of  the Commercial International Bank together with a number of other blue chips will help the benchmark EGX30 main index  reach new highs," said manager of Tadawel Bloom Egypt   
Doaa Zedan, expecting CIB to hover around EGP78 and EGP87, Talaat Mostafa around EGP10.80 and EGP11.20, Eastern Company around EGP17 and EGP17.5, El-Sewedy Electric around EGP18.5 and EGP17.40. 
Also, selective upward moves are expected to drive up stocks of Al-Mansoura Poltery, Al-Arabia United Freight Company, EgyTrans, Alexandria Mineral Oils Company (AMOC) to head toward EGP1.15, EGP9 and EGP6.60 respectively.