Video summary

تعليق صوتي ما قبل جلسة 30-07-2026

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Key takeaways

Finance

Finance / Markets Summary (Pre-session report — July 30, 2026)

Presenter/source: Mustafa Raafat, Head of Technical Analysis at Astoool Securities and Bond Brokerage Company (also mentions “Trading” and “Technical Investigation” in the outro).

Index / Market Technical View

EGX30

  • Yesterday close: 53,600
  • Daily change: down ~102 points (also mentioned “drop of 127 points”)
  • High: ~54,000 (attempted ~4th time in a row)
  • Key level to confirm bullish control: 54,200
    • Until price returns upward and breaks above 54,200, he says it’s too early to confirm buyers control the market.
  • Trend stance: still a short-term uptrend, but uncertain

EGX70

  • New all-time high: previously stated mistakenly, then corrected to 18,422 (approx.)
  • Targets:
    • Initial target: 18,500
    • Second target (very short term): 19,000
    • Short term target: around 20,000
  • Risk/protection condition (correction avoidance):
    • Profit protection raised to: 18,147 (yesterday’s low mentioned)
    • Caution/recommendation: no correction expectation as long as EGX70 stays above 18,150
  • 70-day index (mentioned separately):
    • Strong hold above: 23,950
    • Minor support area: ~24,000
    • Close: 24,255
    • Protection / “don’t fear” condition: stay above ~23,950 (yesterday’s low)

Market structure / caution on volatility

He describes uptrends as wave-based:

  • “Downward waves” inside an uptrend are temporary corrective waves.

He also notes they are in about the 10th consecutive up-session, implying some correction is possible, such as:

  • Intra-day correction
  • False break behavior before continuation

Stock Ideas, Levels, and Trade Framework (Technical)

Overall framework repeatedly emphasized: do not enter unless a breakout occurs, and monitor major resistance/support; use profit protection levels.

Manfas Pharmaceuticals

  • Mentioned as showing renewed activity
  • Support condition: remain above 280 EGP
  • Targets: 305 EGP, then 315 EGP
  • Note: he referenced inconsistent/subtitle details (e.g., a close near 294 EGP after an intraday move from 198), but the actionable structure is 280 / 305 / 315.

Sharm Dreams Pharmaceuticals

  • Close: 59.84 EGP
  • Targets: 62–63 EGP (initial), then 65 EGP (main)

Media Production City

  • Preparing a new upward wave
  • Upside targets: 48 EGP, then 50 EGP
  • Secondary support levels (risk reference): around 45 EGP, ~45.5 EGP, and 45.0–45-ish (subtitle phrasing varies)
  • Also referenced “around 45 and 20 EGP” (includes a lower secondary support near 20 EGP)

Amer Group

  • Yesterday close: around 4.0 EGP (also mentioned 4.71 EGP—subtitle inconsistency)
  • Entry trigger / confirmation today: need breakout or at least a close above
    • 4.75 EGP
    • Preferably close above 4.80 EGP (yesterday’s high)
  • Upside levels: 5.20 EGP, then an additional level mentioned as 1.5 EGP (appears inconsistent; the key support framework is clearer)
  • Critical support: 4.45 EGP
    • As long as positive: expect continued rise
    • If broken downward: expects further declines / more selling pressure
  • Next support: 4.15 EGP

Al Multaqa Al Arabi for Investments (name change referenced)

  • Close (near highest): 11.5 EGP
  • Primary target condition: maintain/hold above 11 EGP
  • Targets: 12, 13, 15 EGP
  • Mentions a “strict explicit condition” around the 11 EGP level

Al-Iko

  • Recent/observed level: ~4.98 EGP
  • No rush: upside not expected immediately
  • Targets: 5.5 EGP, then 6.70 EGP
  • Profit protection / key support: 4.70 EGP
  • Advised not to panic if above 4.70 EGP (also noted it “changed its name”)

Arab Metal Industries (formerly “Arab Valves”)

  • Close: 13.80 EGP
  • Main target (short term): 15 EGP

“No new buying unless breakout” — Watchlist & Breakout Triggers

He explicitly states: no new entries except on breakout of the following resistance levels.

Suez Canal Bank

  • Resistance/No-buy level: 40 EGP
  • Action: no new buy unless it breaks above 40 EGP

Cleopatra Hospital

  • No-buy level: 18 EGP
  • Action: no new entry unless it breaks above 18 EGP

Telecom Egypt

  • Breakout level: 107 EGP (upwards required)

Talaat Moustafa Group

  • Breakout/no-buy reference: 104 EGP
  • Action: break above 104 EGP (subtitle also mentions “keep the price at 100,” but the actionable line is the breakout above 104)

Fawry and E-Finance

  • Flat level off-limits: 24 EGP (no buying below it)
  • Fawry specific: 19.70 EGP mentioned
  • Requires breakout above 41 EGP (grouped statement suggests 41 EGP as the relevant threshold)

GBI

  • Critical no-buy level: 22 EGP (absolutely no buying until broken)
  • Prefer: wait for daily close
  • If broken: potential targets 35 and possibly 50 EGP
  • Confirmation gating: he mentions daily close above the breakout level; “7 EGP” is referenced as additional confirmation (subtitle includes an “I apologize” correction)

El-Nassr Civil Works

  • Major resistance: ~7.30 EGP
  • Action: no new entry unless broken above 7.30 EGP

Explicit Disclosures / Disclaimer

  • Important Disclaimer: Report prepared based on information believed accurate and reliable.
  • No legal responsibility: Ostoool Company and the author bear no legal responsibility (direct/indirect) for investment decisions made based on this report (buying or selling).

Tickers / Instruments Mentioned (as stated)

Indexes

  • EGX30
  • EGX70 (also references a “70-day index” / “100-index”)

Stocks / companies (EGP quotes)

  • Manfas Pharmaceuticals
  • Sharm Dreams Pharmaceuticals
  • Media Production City
  • Amer Group
  • Al Multaqa Al Arabi for Investments
  • Al-Iko
  • Arab Metal Industries (formerly Arab Valves)
  • Suez Canal Bank
  • Cleopatra Hospital
  • Telecom Egypt
  • Talaat Moustafa Group
  • Fawry
  • E-Finance
  • GBI
  • El-Nassr Civil Works

Currency

  • EGP (Egyptian pounds)

Methodology / Step-by-step Framework (as shared)

  • Trend confirmation approach (indices):

    • Maintain belief in uptrend, but confirm only after:
      • EGX30: return upward + break above 54,200

  • Correction/risk control (EGX70 / 70-day index):

    • Raise profit protection to the recent low
    • No correction expectation as long as price stays above stated protection levels:
      • EGX70: ~18,150–18,147
      • 70-day index: ~23,950

  • Wave interpretation in uptrend:

    • Expect temporary corrective waves even inside uptrends
    • Possible false break: intraday break of minor support, then rebound

  • Stock trade discipline:

    • No new buying entries unless there is a breakout above specified resistance levels
    • Prefer daily close confirmation (explicitly stated for GBI; implied elsewhere)
    • Use support/profit protection levels to manage downside:
      • If support breaks, he expects selling pressure / further declines

Presenter(s) / Source(s)

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

Original video