EGX 30 Likely To Move In Ramadan: Hermes

In its short-term update about the Egyptian Exchange (EGX), EFG-Hermes advised investors to continue taking profit when the index is around Jul 12th high, [The 5852 +1%] and on any positive news related to the nomination of Prime Minister.

It added that the market in Ramadan to be without direction and in sideways movement, like past years tell. The report expected this sideways to be between July 12th high [4852 +1%] and July 9th low [4633 -1%].