EGX30 Positive TrendEGX30 stock is currently in a rising region. In case of continuing, it's expected to breach the resistance line 36,202.344. In case of decreasing, it's expected to reach the support line 35,424.707, 34,880.361, then 34,647.070. This is a result of positive news as Egypt's blue-chip index EGX30 advanced for a fourth day and rose 1.6% to hit a record high at 35,254. EAST soared 5.5% and TMGH gained 0.7%. Meanwhile, Egypt's non-oil private sector showed signs of stabilization in July, with employment rising for the first time in nine months and a softer decline in output and new orders, the S&P Global Egypt PMI report said. Egypt's blue-chip index EGX30 advanced for a fifth day and rose 0.6% to hit a fresh record high at 35,480. ETEL soared 4.8% and FWRY gained 1.9%. Meanwhile, Egypt's net foreign reserves rose to $49.036 billion in July from $48.7 billion in June, the central bank said on Tuesday.
