الاجتماع الصباحى لجلسة يوم الخميس 20-08-2026 (التحليل الفنى- البورصة المصرية)

Market snapshot (EGX / trading session context)

• Presenter: Mustafa Raafat (Head of Technical Analysis, Astoool Securities Trading and Bond Brokerage Company)
• Date covered: August 19, 2026 (Thursday session; title references 20-08-2026)

Broad market

• EGX30 and “almost the entire market” fell, described as a widespread drop.
• Trading value/volume: values and volumes approaching ~14 billion EGP.
• EGX30: fell 764 points on the day.
  • Closed around 54,512
  • Traded down near 54,000 / 54,381, then rebounded
  • Key technical trigger: break of 55,000 support, framed as the start of a downward move

Investor behavior (flow/distribution)

• All individuals bought; all institutions sold (net behavior)
• Institutional participation: ~18%
• Individuals: ~82%
• Net purchases:
  • Egyptian individuals: ~291m EGP
  • Arab individuals: ~43m EGP
• Implication given: correction may extend into the next session’s first half

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Framework / methodology mentioned (technical + risk management)

• Avoid decision-making mid-session during sharp rises/falls; emotions (greed/fear) lead to poor decisions.
• Recalculate after session close:
  • Check whether minor/major support was broken
  • Determine whether the move is profit-taking vs. start of a new downtrend
• Time-frame / trend hierarchy:
  • Very short-term (“speculator”, T+0 / T+1 / T+T) most affected during sell-off days
  • Short-term: referenced via EGX10
  • Medium-term: referenced as generally upward via a “30-period / tratini” framing
• Portfolio allocation rule (based on market state):
  • Positive market: larger stock exposure, less liquidity
  • Neutral market: 50% liquidity / 50% stocks
  • Bad market: 30% stocks / 70% liquidity
• Stock-level playbook:
  • Hold/avoid based on support levels
  • Trader/speculator: focus on small ranges, profit-taking, and strict stop-loss/profit protection
  • Medium-term investor: “sell on rises / buy back” can work in sideways conditions, but avoid averaging in downtrends
• Fibonacci retracement: explicitly referenced for EGX70 wave context to estimate the maximum acceptable correction

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Key index levels & outlooks

EGX30 (main index)

Support / trend notes

• 55,000 cited as major support; its break framed as negative.
• Rebound occurred, but direction depends on whether the index closes back above support.

Short-term (EGX10 / short-term reference)

• After rising to 56,100, EGX10 declined and closed ~54,500
• As long as above 54,500: stance remains positive
• If further breakdown:
  • Watch 54,000, then 53,000
  • “Downside path” described toward ~53,000 and possibly ~52,000
• Resistance: ~55,600 (breakout attempts failed again)

Medium-term outlook

• “30-period / tratini” indicator: still in general upward trend (roughly ~3 months to <1 year horizon)
• Medium-term advice: start monitoring stocks and consider building/establishing new buying positions; avoid exiting solely because of the expected downturn starting now (framed as possibly ending soon)

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EGX70 / “EGX7”

• Described as suffering a sharper decline than EGX30
• Close: 20,960
• Profit-protection level earlier: “21” (as profit-protection levels)
• Correction severity: “weak correction” became moderate-to-severe
• Fibonacci framing: maximum acceptable correction estimated at ~19,500–19,600
  • Staying above this band = still positive
• EGX100 commentary: still within a strong overall upward trend, but the correction was more aggressive than usual

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Explicit recommendations / cautions (process & risk)

• Primary caution: do not make mid-session decisions during sharp market moves; emotions drive bad decisions.
• Trader vs investor distinction:
  • Speculator is most affected (very short-term)
  • Investors should generally wait for confirmation and use support-based rules
• Stop-loss discipline:
  • Multiple stocks include explicit stop-loss / profit protection guidance
  • For some healthcare trades, a specific numeric stop-loss was mentioned (e.g., 4.30); EGX-level stop-loss wasn’t used, but support bands were repeatedly emphasized

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Company / stock calls (Egyptian market) — tickers & key levels

Note: Subtitles contain inconsistencies in ticker formatting and some apparent OCR/spelling issues. The list below reflects the most clearly stated instruments and levels emphasized.

Banking sector (relative strength)

Most positive / maintained

1. Suez Canal Bank (Suez): closed ~42 EGP
   • Support: 39 EGP (major)
   • Correction described as weak; upward trend expected to resume
2. Egyptian Export Development Bank (EXDI / EXBI mentioned; “Faisal Islamic Bank”)
   • Closed ~20.96 EGP
   • Support: ~20.25 EGP; “main support around 20 EGP”
3. Commercial International Bank (CIB): broke support
   • Break level: 138 (most important strongest support)
   • Nearest support: 132–133
   • Medium-term: can trade (sell on rises / buy back) in sideways; day traders advised not to enter yet
4. Abu Dhabi Islamic Bank (ADIB): closed ~53.86 EGP
   • Minor support broken at ~54, next focus around 53
   • If short-term: worry starts below 53, but holds above it

Other bank calls

• Housing and Development Bank: closed ~89.5 EGP
  • Minor support previously at 91 broken; next support 88–86
  • Expect rebound if above those levels
• Faisal Islamic Bank: short-term major support: 38.00

Banking sector ranking (as stated)

• Suez Canal Bank → EXB/Export Dev Bank → CIB → Faisal Islamic Bank

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Healthcare / Pharmaceuticals

• Cleopatra Hospital: closed ~17.35 EGP
  • Support: ~16.70 (major/closest secondary)
  • Upside targets: ~18.75
• Anin Pharmaceuticals: continued decline after breaking support
  • Support band: ~360–365
• Nile Pharmaceuticals (Fibonacci framing referenced)
  • Levels to watch: final part around ~320–322 (after breaking 62% barrier)
• Ned Al-Dawaa:
  • “Hold if above ~265”
  • Minor support broken: ~360 / 362
• Arabia for Pharmaceuticals:
  • Major support: ~270–272
  • Minor trading support/entry: ~353
  • Targets: ~395, then ~413–415
• EIPICO:
  • Hold if above 125–126; very short-term direction already downward if broken
• Ramida Pharmaceuticals:
  • Major support: ~5.75–5.80
  • Closed ~6.0 EGP
  • Advice: hold as long as above ~6 and 5.75–5.80; averaging down only within trade bands mentioned (example: 5.575–5.95 to 6)
• Sabq Pharmaceuticals:
  • Minor support: ~4.75
  • Main support: ~4.32
  • Stop-loss for those trades: 4.00–4.30 (explicitly: “stop-loss at 4.30”)

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Telecom / IT / Media

• Telecom Egypt: closed ~115.5 EGP
  • Main support: 114
  • If below 112, wait for 107–108
  • Hold if above 106–107
• Media Production City:
  • Closed ~41.60 EGP
  • Broke strong support 44–43.9
  • Next supports: 41, then 37 and 30
  • Day-traders note: alarm previously set for break above 48; outlook worsened
• Fawry: trading between ~1870/1880; sells around ~1960–1980
• iFinance:
  • Very short-term levels:
    • Support: 23.17 (and 23 mentioned)
    • Secondary support: ~24.0
  • Targets: ~25.2, 25.20–25.30, then ~25.30+
• Orascom Investment:
  • Closed ~87 piastres (0.87 EGP)
  • Strong support/trigger: 70–71 (hold above)
  • Upside: ~95 area

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Food & beverage / Consumer / Poultry

• Cairo Poultry:
  • Support range: ~36.36 / 36.30
  • Targets: ~39, 40.80, 41
• Alexandria Mills & Bakeries:
  • Sub-support: ~227
  • Main support: ~2011 (EFMC)
  • Targets: ~255–260
• Mansoura Poultry:
  • Closed ~2.19 EGP
  • Support: ~2.7–2.8 (main)
  • Secondary support: 2.15
  • Quick target: 2.26–2.27
• Ismail Poultry:
  • Range: buy near 34, sell 37
  • Speculator hold: above ~33.90–34
• Egyptian Poultry:
  • Closed ~11.57
  • Hold above 11.5
  • Short-term hold above ~10.25
• Juhayna Food Industries:
  • Hold near support: ~26 EGP
  • Short-term investor support: 25.5
  • Targets: 27.80, then main 28.80
• Domty:
  • Support: 27.80
  • Resistance: 30
  • Trade: 27.80–30.30
  • If broken: both investors/day traders sell

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Basic resources / chemicals / fertilizers

• Lotus: very high risk
  • Nearest minor support: ~40 EGP; hold if above
• Ask Mining:
  • Closed ~62.95
  • Hold above bands: 60.37–60.40
  • Targets: 66.80, 70
• Iron & Steel / Mines & Quarries:
  • Support: ~8 EGP
  • Targets: 9.60–9.70, main 10.10
• Moboko:
  • Closed ~39.30
  • Hold above ~38 short-term (speculator should avoid)
• Egypt Aluminum:
  • Closed ~33.1 EGP
  • Speculator buys: ~330–325
  • If break: could fall toward ~300
  • Targets: 343, then 355–356
• Kafr El-Zayat (KZBC):
  • Closed ~13.99
  • Hold above 12
  • Profit protection: 13.30–13.40
• Misr Chemical Industries:
  • Trading buy: 47–45
  • Support: 45–46
  • Targets: 50–70, main 53
• Kabo (Kabo?):
  • Hold if above 88
  • Main support: ~87.8
• Arab Cotton Ginning:
  • Hold above today’s low: ~12.90
  • High volatility caution
• Eastern Company / Sharia Prisons Company:
  • Positive if above ~26.20; break above for confirmation

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Building materials / construction

• South Valley Cement:
  • Closed ~10.05–10.10
  • Avoid buys if below 10.5; next support 10.20
• Egypt Cement:
  • New buy trigger for day traders: break above 23.5
• Sinai Cement:
  • Dropped to ~94
  • Major support: ~91
  • Targets: ~107–110
• General ceramic/porcelain (“Shiny”):
  • Trend changes if break 32.7 / 32.5
  • Trade only between 33–32.70; “ruin” if broken below
• Arabia Cement:
  • Closed ~73
  • Support: 69.8–70
  • Advice: raise profit protection / stop-loss

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Real estate

• Talaat Moustafa:
  • Minor support: 95
  • Main support: 91
  • Targets: ~104
• Heliopolis Housing (HH / Heliopolis Housing and Development):
  • Major supports: ~78–88
  • If breaks 8 EGP: sharp correction risk
  • If breaks above ~7.7: quick move toward ~97 (with limited upside)
• Palm Hills:
  • Sideways confirmed since late May
  • Support: minor 15.0, major 14.30
  • Targets: 15.90, main 16.00
• Arab Company for Asset Management and Development:
  • Support held: 2.15
  • Targets: 2.0, then main 2.5–2.51
• Qarcom / Qarascom for Development Egypt:
  • Closed ~40.99
  • Main support broken: ~40.50, lowest ~40.40
  • Prefer break below today’s low for further decline confirmation; profit protection advised
  • Medium-term support: ~37
• Emaar Misr:
  • Closed ~11.60
  • Secondary support: 11.40
  • Main support: 11
  • Targets: 12, then 12.60
• GBI Urban Growth:
  • Closed ~29
  • Strong supports: ~26.4 and ~26
  • Use ~25 to protect profits
• Amer Group:
  • Noted inconsistencies (discussion mentions ~4.58 and 6.5 earlier)
  • Key supports/stop-loss referenced: 95 and 85 (likely OCR confusion)
• SODIC:
  • Closed ~32.80
  • Expect more decline / profit-taking
  • Positive if returns toward 34
• Atlas Investment:
  • Around 2.30
  • Positive if returns above 2.39–2.40

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Non-banking financial services / leasing / investments

• Raya Holding:
  • Secondary support: ~7.0
  • Main supports: ~7.60 and 6.75
  • Targets: ~7.60, 7.65, then main 8.20
• Ahli Development and Investment:
  • Close ~62.5
  • Hold above 57.90–58.0
  • Target: 70
• Al Qalaa Financial Consulting:
  • Trading range: 3.58–4.92
• Bali Holding:
  • Very short-term/speculator caution:
  • Risk if breaks ~89; could fall toward ~85.86
• Tawfiq Leasing (ITLS):
  • Closed ~5.28
  • Buy condition: stabilize above 3.20–3.15, and break minor resistance up to ~5.5
• Odin Investments:
  • Closed ~3.34
  • Hold above ~3.28
• Arab Investment Forum:
  • Close ~15.69; no new buys recommended
• OBI Financial:
  • Trading range: ~94–95

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Energy / utilities / shipping / contracting

• Elsewedy Electric:
  • Closed ~118
  • Volatility/trap warning above 129.73
  • Stop-loss / profit protection emphasized (no exact new entry numbers given)
• AMOC:
  • Closed ~11.34
  • As long as above 11.34: “good”
• Canal for Shipping Agencies:
  • Closed ~39
  • If breaks support around 40.5: further corrections likely; avoid new purchases
  • Investors hold above ~37
• Universal:
  • Closed ~36.07–36.08
  • Support: 35.00
  • Stop-loss for speculator/trader: 35.00
• Spire Capital Holding:
  • Closed ~52