CCAP
Cairo – Mubasher: Qalaa Holdings’ stock has maintained a clear upward trend over the past period, trading above its two-year 200-day moving average.
This reflects the continued buying power despite the sharp corrections, according to Mubasher Research.
The stock has recently seen a significant increase of nearly 7.00%, indicating increased buying interest. This is supported by technical indicators that support this upward trend.
Meanwhile, the Relative Strength Index (RSI) is at 52.49, noting that the stock is in a neutral zone, far from overbought or oversold areas, allowing room for continued positive movement.
Likewise, the MACD indicator is showing a positive crossover, reinforcing the positive signals.
Trading volume also appears to be increasing in conjunction with price increases and slowing down during declines, indicating continued upward momentum.
Technically, the stock appears poised to test resistance at 2.86, and if it breaks through with a strong close, it could push the stock towards 3.00-3.40, towards the July high.
On the other hand, key support remains at 2.40. If prices decline towards this level, it will be necessary to monitor market behavior there to ensure the uptrend continues, especially with the emergence of profit-taking on the leading index.
Price Action Summary
The shares of Qalaa Holdings have been experiencing volatile performance since the beginning of 2025, as this year began at 2.00, then reached higher lows and traded in an upward trend that continued until mid-July, when the stock peaked at around EGP 3.40.
Later on, the stock experienced a sharp decline, trading in a downward trend during August and September, before stabilizing in October. This reflects significant fluctuations between buying and selling forces in the stock's movement, and indicates clear changes in the stock's direction throughout the year.
Company Overview
Qalaa Holdings is one of Egypt's leading private equity and non-banking financial services companies. It has diversified investments in several strategic sectors, including energy, mining, industries, transportation, and financial services.
Its investments are spread across several countries, including Egypt, Germany, the UK, the US, and Saudi Arabia, through subsidiaries, most notably Asek Company for Mining, National Development and Trade Company, Med Medical Industries, and Golden Crescent Investments Limited.
The company's market cap stands at approximately EGP 3.49 billion, and it has a relative weight of 0.43% within the EGX30 index.
Disclaimer:
This analysis is based on technical analysis tools and reflects a comprehensive analytical view that may vary depending on interpretation methods.
It does not constitute a direct recommendation to buy or sell, nor an invitation to make investment decisions. This is intended solely for monitoring and study purposes. Investment decisions are the sole responsibility of the investor, based on their financial situation and investment goals.