Cairo – Mubasher: The Egyptian Stock Exchange (EGX) is expected to move sideways between 7,250 and 7,750 points on Wednesday, analysts have said, adding that increased liquidity will likely push Egyptian indices upwards.
Sideways movement is likely to be dominant today until strong and positive catalysts arise, paving the way for increased liquidity, which in turn will boost indices to higher levels, said capital market analyst Ayman Fouda.
Mona Hassan, technical analyst at Mubasher International, and Hanan Ramsis, CEO of Cairo Stock Brokerage concurred.
The EGX30 index ended Tuesday in the green, rising 1.08% or 80.25 points and closing at 7,497.3 points.
