Egypt shares to resume rally as corrections finally end - Daily News Egypt


Egypt’s shares are expected to resume their rally in the short term with most analysts expecting the correction wave to be finally coming to an end. The market has been in a freefall for four weeks in a row, with investors booking gains from a sustained market rally. The correction trend is still impacting the performance of the Egyptian Exchange (EGX)’s main indices, the head of capital market committee at the African Economic Council, Ayman Fouda, said. Corrections are likely to end as sell-

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