EGX30 Downward Trend Analysis

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EGX30 stock started to fell reaching the 31,661.82 support line, showing the sellers' dominance over the buyers. This is a result of investors' waiting for the outcome of U.S.-China trade talks on the weekend. In addition, blue-chip developer Emaar Properties reported Q1 net profit of 3.71 billion dirhams that missed the analysts' estimate of 4 billion dirhams.

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