Egypt's market maintained its positive performance in Tuesday's session with the EGX30 Index gaining 2.19 percent to record at 9,308.98 points, boosted by local and Arabs institutions' buying activities that amounted to LE143.28 million and LE21.88 million respectively, Securities Brokerage said.
Meanwhile, the EGX70 and EGX100 rose 1.24 percent and 1.67 percent respectively.
The market gained LE5.2 billion and EGX30 rose 2.2 percent on Monday.
"The EGX 30 rose sharply as most of the stocks rallied, pushing the index to clear the 9,050 resistance level, turning it into support. The rally was supported by heavy trading volume suggesting higher levels to be reached," Blom Egypt Securities said in research note.
More confirmation will be likely safer for conservative traders by the breakout of the EGX70 and EGX100 to their mentioned resistance levels, Blom added.
Egyptian retail investors and foreign institutions were net sellers at LE127.84 million and LE31.17 million respectively.
EGX market capital gained LE7.56 billion (US$1.06 billion) to hit LE509.10 billion compared to LE501.52 billion on Monday.
