الاجتماع الصباحى لجلسة يوم الاربعاء 02-09-2026 (التحليل الفنى- البورصة المصرية)

Finance-focused technical update (EGX)

Presenter/source: Mustafa Raafat (Head of Technical Analysis, Ostoool Securities)

Market performance / indices

EGX 30

• Closed up ~1% at 55,431 pts (high 55,451).
• Trading value/volume: near ~16B EGP (noted positively given the move).

Minor support & rebound behavior (EGX 30)

• Respected minor support ~54,600 twice (bounced after drops).
• Near-term target: 55,600 (still valid; very close).
• If it breaks upward through 55,600 → potential gains around 56,100.
• Main short-term target: 57,500.
• Ongoing bullish condition: depends on holding the ~54,000 zone.
  • For short-term investors, no concern as long as 54,000 remains intact.
• Breakdown risk (for day-trading/intraday):
  • If trading below 54,600 → potential downside around ~650 points (risk framing).

EGX 70

• Stronger day: +424 pts, rising from ~20.6–20.7k support zone.
• Initial short-term target: 21,822.
• More bullish as long as above 20,600.
• Upside framework mentioned (short-term traders): 22 won’t “stop” them; additional levels referenced around 23 and 25.

EGX 100 (“Under” in subtitles)

• Strong rise; reached ~2,735 points.
• Support: ~2,680.
• Initial target: ~2,850.
• Main target: around 3,000.
• Indicators described as positive despite being “overbought”; volatility not a major concern.

Macro / sector positioning narrative

• Banking sector: described as the main driver; strength reflected via new highs in banks.
• Healthcare sector: described as mixed/weak versus other sectors.

Investor flow / sentiment (not portfolio construction)

Investor mix (day)

• 28% institutions / 72% individuals (acceptable / slightly higher than usual).

Net flows

• Egyptian individuals: net selling ~674M EGP (potentially reassuring given the context).
• Egyptians (overall wording): net purchases ~810M EGP (appears as a separate breakdown in subtitles; session framed as positive overall).
• Foreign institutions: net purchases ~98M EGP (modest).

Technical framework (explicit rules)

Core idea: identify support/resistance, set targets, and manage risk using profit protection / stop-loss.

• For indices:

  • Positive bias only if support holds (e.g., EGX 30 above 54,000; EGX 70 above 20,600; EGX 100/“under” above 2,680).
  • Upside confirmed via breakouts (e.g., EGX 30 through 55,600).

• For stocks:

  • Minor resistance breakout = new buy signal.
  • Minor/main support = entry zone for quick trades and also profit protection / stop-loss.
  • Trailing stop / raised profit protection as price rises (mentioned for multiple names).
  • Day-trader vs conservative/medium-term investors: different triggers depending on the “breakout” level.

Bank sector key calls (stocks & levels)

CIB (Commercial International Bank)

• Close: 139 EGP
• Targets: 144–145 first
• If broken: possible upside 165–170 (short-to-medium term)
• Support: ~135 EGP (secondary / very short-term)

ADIB (Abu Dhabi Islamic Bank)

• Mentioned around 52.90–53.30 EGP for a quick-trade plan.
• Trade range: buy down to 53, sell up to 55
• Quick-trade horizon: T+1 (repeated as framework)

Housing & Development Bank

• Close: ~11.580–11.598 EGP
  • Subtitles also mention “19.97” (likely transcription inconsistency).
• Key behavior: previously set a strong target near 120 EGP; it “reached today except for a few piasters.”
• Plan: continue upward unless correction occurs.
• New targets: 125 then 130
• Profit protection raised to nearest minor support: ~110 EGP
• Condition: stay above 110 to keep the positive setup.

Healthcare sector (pharma/healthcare) key risk notes

Nile Pharmaceuticals

• Close: 340.11 EGP
• Strong support: 325 EGP
• If it breaks → more declines / selling pressure.
• If holding: preferable around 325–326; otherwise wait for correction to finish.
• “Correction over” signal mentioned: above 413
• Near-term risk point: minor resistance around 361 (possible retest).

Arabia Pharmaceuticals

• Close: 305 EGP
• Green close not described as a “strong positive buy signal.”
• New buy signal trigger: break above ~323.5
• Trade range before signal: 320–325; main resistance around 320
• Supports: secondary 291, main 275

Arab Pharmaceuticals (distinct from “Arabia Pharmaceuticals”)

• Close: 444 EGP, high 472 EGP (couldn’t push higher)
• No new buys
• Profit protection: ~434 EGP
• If market falls below → potential selling pressure back to 400 EGP
• Primary support: ~344–350 EGP

Ramida

• Strong support zone: 575–5.76 EGP (as written)
• Targets: 6.22 (initial), then 6.60, 6.62
• Stop-loss: 5.75 EGP
• Framed as potential beginning of a new buy signal.

Telecom / IT & financials

Telecom Egypt

• Sideways structure:
  • Secondary support: ~112 EGP
  • Main support: ~107 EGP
  • Upper targets: ~120 EGP

ATM Finance

• Close: 22.98 EGP
• Need rebound to reclaim broken main support: reclaim > 23.30 to establish buys.
• Targets if confirmed:
  • Initial: 24.15
  • Main: 25.12
• Caution: “risk is high” due to possible selling pressure; buyers must appear.

Food & beverage / poultry & consumer names (selected)

Cairo Poultry

• Buyers praised earlier around 36–37 EGP.
• Today reached ~40 EGP (a “high 18” appears to be a transcription error).
• Target set: 41 EGP
• Profit protection: raised to nearest minor support ~39.5 EGP
• Condition: stay above 39 to target 41.

Mansoura Poultry

• Strong support noted at 27–28
• Close mentioned with subtitle confusion (~2.32 / 2.3x)
• Key rule: new buying only if it breaks above 2.15 / 2.16 (per subtitles)
• Targets mentioned: ~2.30 and 2.35 (approx.)

Ismailia Poultry

• Close: 32.66 EGP after holding above 33.67 EGP
• Profit protection activated; sideways/downside risk
• No new entries; could go lower unless structure improves

Juhayna Food Industries

• Framework:
  • Nearest minor support: ~26 EGP
  • Stop-loss: ~25.50 EGP
  • Targets: ~27.70, then ~29.00

Domty

• Closed at session lows
• Rule:
  • Hold if above 27.70
• Targets: 29.30 (initial) then 30.58

Extracted Oils

• Supports:
  • Secondary: 13.5 EGP
  • Stop-loss / main support: 13.0 EGP
• Targets: 14.30 then ~15.0

Basic materials / metals & aluminum

Iron and Steel Mines and Quarries

• Supports:
  • Secondary: ~9.0 EGP
  • Main: ~9.88 EGP
• Targets: 9.45 mentioned; subtitles conflict slightly around 9.41–9.45

Egypt Aluminum

• Rebound after a prior “violent drop.”
• Bullish only if it holds above 300 EGP
• Key level: 350 EGP should not break
• If it breaks 350 → expected sideways then to ~321 (short-term main support)
• Trade rule:
  • Don’t buy now; buy only on break above 375 EGP
• Targets: 375 initial, then 400

Egypt German Chemical Industries

• Sideways; limited upside
• Trade range: ~53.25 to ~46.30 (also mentions 46.0–46)
• Rule: buy at support end, sell at resistance end

Abu Qir Fertilizers (“Abu Air / Abu Qir”)

• Strong rise to ~88 EGP
• Resistance/hold: ~88 EGP; “94 EGP level is a hold”
• If holding: trail profit protection to 84 EGP

Building materials

South Valley Cement / South Valley Fertilizers

• Buy signal after breaking a resistance previously discussed: 1160 EGP
• Today close shown as 12.47 EGP (unit mismatch likely; subtitles corrupted)
• Uptrend noted; smaller resistance around ~1290 EGP expected to break
• Profit protection to ~94 EGP
• Targets mentioned: 13 EGP, then 15 EGP
  • Break above full resistance around 1270–1290

Arab Metal Industries

• Close: 16 EGP
• Hold above 14.5 EGP
• Main support: 13 EGP
• Main target: ~17.25 EGP
• Break above 17.25 clears the range

Sinai Cement

• Close: 102 EGP
• Earlier pullback near 90–92
• Buy more only if breaks above 103 EGP
• Targets: 111–112

Arab Cement

• Close: 80.85 EGP
• Hold above 80 / 79 EGP
• Expects new buy signal with breakout
• Main target: ~75.90–76 EGP range

Real estate / construction

Talaat Moustafa

• Close: 97.30 EGP
• Very short-term trade:
  • Minor support: 95
  • Main support: 92
• Upside targets: 100 initial, then 104 main
• If 104 breaks → new trend

Heliopolis Housing & Development

• Correction; no buying unless it breaks above resistance ~8.05 EGP
• New Cairo Housing & Development:
  • Support range appears corrupted; resistance 8
  • For long-term investors: wait for breakout above 8

Palm Hills

• Support: 14 EGP (main) and 14.5 EGP (secondary)
• Targets: 15 then 16

Emaar Misr

• Mentioned: “GMB for Urban Growth”
• Close: 13.70 EGP (subtitles: “1370”)
• Supports: subtitles show confusion around 12,300 / 12,40; main support 12,750 / 12,800
• Upside targets: 14.5, 15.50
• Breakout level mentioned: ~1385 (likely 13.85 EGP)

GBI for Urban Growth

• Close: 56 EGP
• Correction ongoing; not fully positive yet
• Buy only on break/reclaim above 60 EGP
• Further up targets/levels: 70, 72

Rascom / Al Zahraa / etc.

• Rascom for Development

  • Main support/stop-loss: ~40 EGP
  • Minor supports: 40.90 / 40.80
  • Targets: 42.5 first, main around 44

• Zahraa El Maadi

  • Support: ~8.7–8.9; critical threshold around ~8.75/8.77
  • Main target: ~9.48, then ~10
  • High risk; more suitable for day trading

Other notable single-stock calls (selected)

• Arab Developers: wait for reclaim above 27 piasters 3 milliem (new buy signal)
• Raya Holding
  • Close: 7.24 EGP
  • Supports: ~6.75–7.0
  • Target mentioned: 8.00 EGP
• GB Corp
  • Downtrend; positivity requires above 29.00
  • Buy signal on break above 30.50
• Elsewedy Electric
  • Close: 127.51 EGP
  • Quick trade: minor support 121, major support 115
  • Targets: 121–134
• Sharm Dreams
  • Close: 68.68 EGP
  • Correction risk to 66.50
  • If holding: profit protection ~66.80; monitor selling pressure
  • Expected rise: 76–77
• Amouj: targets 14–15; profit protection raised to ~12.16 (subtitles show “12 and 160 EGP”)
• Orascom Insha
  • Close: 822 EGP
  • Crucial zone: 800–814 not to be broken down
  • Minor supports: 800–811 / 810
• Crestmark
  • Quick trade; current ~3.15
  • Targets: 3.40–3.50; earlier key level 2.80
• Hebeco
  • Close: 14.93 (riyals mentioned)
  • Targets: 15.50 and 16
• International Fertilizers
  • Close: 24.15
  • Profit protection: 23.5
  • If holder: above 22
  • Next targets: 25, then 26.5
• Golden Tex
  • Correction ongoing; confirmation needed above 6.20 (not confirmed)
  • As long as above 5.70, chance to push above 6.20
  • Correction ends if breaks above an unspecified “247-hour chart” trigger (likely timeframe/indicator-based)

Disclosures / disclaimer

• Important Disclaimer
  • Prepared based on information believed accurate/reliable.
  • Company and author not legally responsible for any investment decisions made based on the report (including buying/selling).
  • (No explicit “not financial advice” wording, but liability disclaimer is present.)

Presenter / sources mentioned

• Mustafa Raafat — Head of Technical Analysis, Ostoool Securities Trading and Bond Brokerage Company
• Q&A mentions (as referenced): Mr. John, Ms. Heidi, Mr. Mustafa Sayed, Ms. Amira, Mr. Amr Zaki, Professor John (wrote the code), Professor Iman Azzam, Mr. M.O. Mustafa, Mr. Omar Khaled, Mr. Youssef El-Rawy, Mr. Ibrahim Youssef, Mr. Mohamed Nouiri, Mr. H. (Hebeco?) and other commenters.