Main Egyptian stock market index EGX30 was able to reach 4361 points during last week's sessions. The index's good performance is expected to continue throughout the rest of the week. Technical analyst Sameh Ghareeb said the size of transactions started to rise during the last sessions since the market needs more cash to continue rising. The index found its first resistance spots at level 4500 points then at the level of 4800 points, while support spots are found at level 4250 points, then at 4000 points. Small and medium company shares EGX70 couldn't exceed the level of 500 points during last week's transactions where it closed at 488 points, according to Ghareeb. The index took a rising direction in the short term after exceeding a level of 475 points. The index is expected to rise this week, and support levels of the index at 475 points and 440 points. Resistance spots of the index met at 507 points as the first resistance then level of 540 points, the index moves down in the medium term and up in the small term.
