CASE 30 Index (.CASE: 11,016.93)
The index remains below 11,100 points. The current climb remains a selling
opportunity. Traders can take some profits. We adjust our support lines. Current
support is found at 10,166 points. Traders: sell the rallies. A climb above
11,100 points means a climb to 12,000 points. CASE30 is now an equal performing
the MS EM Index. Investors: Hold.
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The CASE30 Index maintained a positive performance for the fourth session in a row,
since the week’s start, rising by 0.2%. The Index managed to surpass the 11,000 point
level to close at 11,016.93 points. The market traded on a high turnover of E£2.3
billion (US$422 million). Institutional investors accounted for 42% of trades, while
retail investors accounted for the remaining 58% of trading. Local investors, on the
other hand, constituted 75% of the market, emerging as net sellers, while foreign and
Arab investors comprised the remaining 25%. Arab investors continued to emerge as
net buyers.
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