Egypt shares are expected to move upwards in the last week of 2018, bolstered by blue-chips stocks, as local and Arab investors build new positions ahead of a near-to-come earning season. He highlighted that the EGX30 index has main resistance at 13,400 points, and is likely to see sell-offs near this level. In this case, the EGX30 index would be able to break above 13,300 points and target 13,500 points, he added. For his part, Customer Relations Manager at Arabeya Online, Michael Mamdouh Naguib said that the EGX30 index will maintain the bearish trend. The benchmark index EGX30 rose by 140 points or 1.08%, closing at the level of 13,137.5 points, its highest month-to-date.

Source: Daily News Egypt December 23, 2018 07:07 UTC