Monday , May 17 2021

The increase in the main stock exchange index was supported by the positive performance of leading stocks



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Maya Amin, director of technical analysis at Primer Securities, said purchasing power managed to move the main index of the stock exchange, which broke the highest resistance rate and the previous top to 13400 points, Monday's session rose by 201 points to 13436 points, backed by the positive result of leading stocks run by Global Telecom, EFG-Hermes and Sweden Electric, indicating an increase in the liquidity flow index, which has positively reflected on the overall movement of most sectors and their response to high reflection of improved overall market performance.

In the Gulf 365 statement, Mayada Amin added that technical indicators reflect the acceleration of purchasing power power, which supports the continuation of short-term attempts to target the resistance level 13500 and then 13800 points. To monitor the success of purchasing power in penetration at these levels, which is a new purchasing power test before confirming the completion of the correction, but the index's performance is penetrating the signal level 13400 to open new centers in the short term.

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