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El Nasr Agricultural Crops stock hits seven-weeks high

El Nasr Agricultural Crops stock hits seven-weeks high
Photo Credit: Arabianeye-Reuters

El Nasr For Manufacturing Agricultural Crops Co. shares have advanced by 6.7% to reach EGP15.2/shr during Tuesday's trades.

 

The Egyptian Stock Exchange data showed that the stock has hit today seven-weeks high.

 

Ibrahim El Nemr, head of technical analysis, Naeem Securities Brokerage, said "The stock witnessed today an attempt to move above resistance level of EGP15.5/shr." In case the stock succeeded in crossing this resistance level, then it will move most probably upward near level of EGP16.20/shr, added El Nemr.

 

During today's session the stock saw sealing of 149 spot transactions, worth more than EGP7.1 million with some 79.3 thousands shares changing hands.