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الاجتماع الصباحى لجلسة يوم الاربعاء 19-08-2026 (التحليل الفنى- البورصة المصرية)

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Finance

Finance-Focused Summary (Egyptian Market Technical Analysis) — 18 Aug 2026 Session

Presenter: Mustafa Raafat (Head of Technical Analysis, Astoool Securities & Bond Brokerage) Includes: Post-session technical report on EGX indices, sectors, and selected stocks.


Market / Index Performance & Key Levels (EGX)

EGX 30

  • Down: ~138.29 points / ~29 points
  • Closing level: 55,276
  • Trading values: approaching ~14 million (main-index context)

Short-term support to watch

  • 55,000 / 55,500 (minor support area)
  • Next closest minor supports: 54,500 and 54,400

Rule of thumb (his framework)

  • As long as EGX 30 stays above ~55,000, the short-term outlook is generally upward.
  • If it holds above ~54,500, it remains upward in the short term.

EGX 70

  • Characterization: “lacked lustre” / corrective action
  • Down: ~104 points
  • Closing level: 2,167

Key support

  • ~21,000
  • Range referenced: “between 21,000 and flat”

Correction strength

  • He describes the current correction as weak while above 21,000.
  • Negative activation level: if EGX 70 breaks below 21,000, the correction could turn moderate / severe.

EGX 100

  • Described as the most representative indicator
  • Overall structure: strong uptrend

Critical downside level

  • Spoken as approximately: 27–27x / ~27,100 (exact phrasing unclear)
  • If broken downward: correction may shift weak → moderate or sharp.

EGX Shariah Index

  • Closed around 66

Supports

  • 6,528 (minor)
  • 6,400 (main, very short-term)

Upside references (in multiple indices context)

  • Mentions 57,500 (line indicator) and levels around 23,000–25,000
  • Mentions EGX 100 target levels around 28,500, then around 29,300 (transcription appears garbled)

Investor Flow (Who Bought / Sold)

  • Egyptian & foreign individuals: net buyers
    • Foreign individual buying: weak
  • Arab individuals: net sellers for 2–3 consecutive sessions
  • Institutions (foreign & Arab): net sellers
  • Egyptian institutions: timid net selling
    • No strong directional conviction indicated from near-close figures

Sector / Market Tape (Activity & “Corrections”)

Most active / important sectors

  • Banking
    • Among the top two most active sectors
    • Mentioned as third consecutive session
  • Telecommunications
    • Active with some positive signs

Profit-taking / correction themes

  • Energy: declining again / profit-taking wave
  • Textiles: slight profit-taking wave
  • Real estate: “not finished” correction
    • He emphasizes: real estate is the backbone of EGX—if it’s not leading, the broader move may be suspect.
  • Contracting & Engineering Construction + Building Materials
    • Correction / reversion discussed
  • Healthcare: severe correction ongoing
  • Services / industrial products: weak close (still “positive” trend, but closing criticized)
  • Trade & distribution: sector pressure; caution if selling continues

Real estate sector detail

  • “Performed terribly”
  • Many names shifted from weak → moderate or moderate → severe corrections

Additional sector note

  • Tourism & entertainment: seen as about to “take off again”
    • Highlighted stocks: Sharm Dreams, Al-Rawad

Methodology / Framework Shared (Explicit Approach)

Trading values & volumes

  • He doesn’t like seeing large trading values during declines in the main index because:
    • In correction/consolidation, if buyers aren’t present, declines can worsen.
    • Large value can imply sellers still remain active.

Support / resistance decision rules

  • Bullish stance maintained only while price remains above defined supports.
  • Correction classification:
    • Weak correction (acceptable / “buyer catching breath”): continue holding/watching
    • Moderate / severe correction: avoid new positions (or wait)

Correction classification triggers (example logic)

  • EGX 70: weak correction while above 21,000
  • Similar “break support → negative scenario” logic applied across indices

Risk management

  • Repeated emphasis on:
    • Stop-loss levels
    • Profit protection raised to the nearest support once price moves favorably

Stock Highlights (Key Tickers Mentioned)

Note: Many figures/tickers include minor transcription ambiguity. Levels below reflect the provided text as closely as possible.


Banking Sector (Focus)

CIB (Commercial International Bank)

  • Trading range: 138 to 138.00
  • Targets: 144–145
  • Key support: 138 EGP flat (strongest)

ADIB (Abu Dhabi Islamic Bank)

  • Close: 54.98; high 55
  • Profit protection / support zones:
    • Positive while above 53–54
    • Secondary support: 54
    • Main support: 53
  • Upside targets: 58–60

Housing & Development Bank

  • Close: 92.65
  • Targets: 93, then 95, 98, 100
  • Minor/support noted around 88

Suez Canal Bank

  • Close: 42.35
  • Supports:
    • Minor: 41
    • Main: 40? / 39.3? (spoken as “9 and 3” due to garbling)
  • Targets: first 44, then 48–50

Egyptian Export Development Bank

  • Close: 21.15 (mentioned as 21.5 then corrected)
  • Correction: weak while uptrend intact
  • Supports: 20.80 (minor), 20.00 (major)
  • Target: 25

Faisal Islamic Bank

  • Close: 42.56, high 43
  • Profit protection raised to 41
  • Condition: hold above 41
  • Target: ~45.5 (transcribed as “5.45”)

Cleopatra Hospital

  • Close: 17.20
  • No new entry unless break >17.60
  • Otherwise: sharp correction—stay away

Pharmaceuticals / Healthcare

Nile Pharmaceuticals

  • Close: 369 EGP
  • Sharp correction; support: ~360–359
  • Hold if near support
  • Mentions a possible buy zone later around ~440–443 (inconsistent in transcript)

Arabia Pharmaceuticals

  • Close corrected to: ~393 EGP
  • Unchanged view:
    • No new buying unless 330–335 breaks
  • Breakdown risk from current support (~290–292)
    • Could consolidate around 270–273
  • If trading: “minor support can take half” (position-sizing implied)

EIPICO

  • Close: 134.30
  • Support: 108.28
  • Targets: 156 (very short-term)
  • “Main target” around 178.0 (garbled)

Other brief pharma-related levels

  • Ramida: needs >68; minor support ~6.20–6.15; breakdown could lead toward ~5.85–5.75
  • Sabq for Pharmaceuticals: minor support 84; major support stated as 34
  • Cairo Pharmaceuticals (Q&A): profit protection 518, stop-loss 481
  • Medical Packaging (Q&A): guidance mentions being above 0.78 (spoken as “78 piasters”)
  • Q&A: Rubix above 12 → 14.70–15; Vercom below limit; purchase price referenced as 79.5 for both

Telecommunications & Media

Telecom Egypt

  • Close: 118.97
  • Expected to consolidate; possible break 114/115
  • Supports:
    • Secondary: 114/14 (subtitle formatting unclear)
    • Main: 106/107
  • Targets: 125, then 130 (very short-term, ~2–4 sessions)

Fawry

  • Waiting for uptrend
  • Targets: ~19.80–19.85
  • Mentions price reaching 196 (likely 19.6, but subtitle inconsistencies exist)
  • Buy interest: 18.60–18.80 (also up to ~19)

Media Production City

  • Buying levels earlier: 42.5–43
  • Conservative buy trigger: >47 (mentioned ~47.80–48)
  • Quick trade: target near ~44.25 and 45, re-entry 48
  • Warning: risk is tight given timing

Rascom Investment (Rascom Telecom implied)

  • Sector top name
  • Condition: above 75 EGP
  • Supports around 75
  • Other names mentioned: Madinat Misr Telecom, Media Crown, A.F. Finance, and earlier “Orascom” referenced in food & beverage context

Food & Beverage / Poultry

Orascom (food & beverage sector leader)

  • “Most important” for the sector
  • Sector strong today, but Orascom lagging
  • Starting its movement

Cairo Poultry

  • Approach: sideways discipline
  • Key level: stay above 36.5
  • Next minor support: 37
  • Major support: 36.30
  • Targets: 40–41.0

Mansoura Poultry

  • Stop-loss / invalidation: above 2.7 EGP
  • Previously: buy around 2.13–2.15
  • Sell first around 2.25–2.26
  • Today reached: ~2.29
  • Very short-term target: ~3.2
  • If risk accepted and trend expands: mentions 4.5–5.0 (partially garbled)

Ismailia Poultry

  • Close: 35.97
  • Profit protection updated to 33.5
  • Upside target: 37 first
  • Trade logic: hold if above 33.5 (as stated)

Arab Cotton Ginning

  • New high: 14.58 EGP
  • Main target: ~15

Kabo (Al-Nasr for Clothes and Textiles)

  • Correction risk
  • Bearish engulfing candle mentioned
  • Supports:
    • Secondary: 8.90
    • Main: 8.48
  • Caution: potential severe correction if weakness continues

Building Materials / Basic Resources (Cement, Steel, Chemicals)

Ask Mining

  • Broke minor support: 64.65
  • Closed: 63.20
  • If breaks next major 60:
    • downtrend / sideways short term
    • potential declines to 56
  • “Last chance”: hold above 60

Mobco

  • Close: 39.64
  • Earlier target achieved: 40–41
  • Needs strength to break 41.60–41.80
  • Minor support: 39.0
  • If breaks: potential back to 35.5

Egypt Aluminum

  • Resistance: ~360–362
  • Trade range:
    • Support: 325–328
    • Resistance: 355–358
  • Wait for breakout (not a long now)

Kafr El-Zayat for Pesticides & Chemicals

  • Correction after sharp rise
  • Major support: 11.40
  • Minor support: 12.12
  • Hold while above supports; wait until correction finishes

Misr for Chemical Industries

  • Holds in 46–53 range
  • If breaks 53: targets 55–58
  • If revisits 46: preferable to hold long-term (preference stated)

Sinai Cement / Building Materials (sector)

  • Sinai Cement:
    • Sell/trade levels around 114
    • Minor support: 101
    • Main support: 91
    • If minor support breaks (closed near 100): expect further declines toward 91
    • Trading supports: 95 (minor), 91 (main)
    • Resistance: 107 (minor), 114 (major)

Other mentioned building-material names

  • Shini General for Palestinian Ceramic Products: holding above 70
  • Arab Cement / South Valley:
    • South Valley close: 10.81
    • Hold above 10
    • Correction end expected above 11.60
  • Arabia Valves (Arabia for Metal Industries / Valves)
    • Break above 15.20 = new buy signal
    • Upside toward ~17
    • Severe correction trigger if breaks 13.5

Real Estate (Heavy Pressure)

Theme: Real estate correction is worsening; caution and wait for stabilization.

Talaat Moustafa

  • Supports: 95 and 90; major support 90
  • Medium/long hold above 92

Heliopolis Housing

  • Close: 7.56
  • Correction shifting from moderate to severe
  • For day traders: don’t stay; wait to enable sell
  • Suggested buy area: ~7.20–7.30 (if pressure resumes)

Palm Hills

  • Hold if above 15 (speculator) and 14.30 (investor)

Arabian Company for Asset Management and Development

  • Expects a buyer entry point but not to buy immediately
  • Entry framework:
    • Risk-taker buy now aiming 2.30–2.35
    • Conservative wait for rebound and buy above ~225.32 (garbled)
  • Close: 41.20
  • Critical if it fails to recover above 40.75
    • Potential selling pressure toward 42.20–44

Zahraa El Maadi

  • Close: 7.43
  • Trade range:
    • Minor support: ~7.40
    • Main support: ~7.00
  • Targets: ~7.87 / 7.785 (as transcribed) and upside resilience

Emaar Misr

  • Close: 11.58
  • “Trade not hold”
  • Hold while above 11
  • Main support around 11.5–11
  • Warns not to sell near supports

GBI

  • Close: 35
  • Hold / uptrend while above 1.25, 1.45, 50 (some numbers garbled)

Amer Group

  • Waiting for re-entry if it resumes near 15.7–16
  • Risk-averse trade range: 15.30–15.77 (transcribed ambiguously)

Portfolio Actions (Explicit Updates)

  • He said the portfolio was updated:
    • Exited Nile Pharmaceuticals after being satisfied with profits.
    • Raised profit protection on Ismailia Poultry to 33.5 EGP.

Explicit Cautions / Risk Emphasis

  • Repeated warnings: if support breaks, correction may become moderate/severe across indices and sectors.
  • Many stocks flagged as high risk / volatile, with instructions such as:
    • avoid new entries (e.g., Cleopatra Hospital, and early correction-phase caution for names like Kabo)
  • Candle/pattern-based early correction risk noted for Kabo.

Disclosures / Disclaimer

The session includes a legal disclaimer stating the report is based on information believed accurate. Astoool and the report author assume no legal responsibility for investment decisions made based on it. (No financial advice implied; this is a standard responsibility disclaimer.)


Presenter / Source

  • Mustafa Raafat — Head of Technical Analysis, Astoool Securities and Bond Brokerage Company

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