Cairo – Mubasher: The Egyptian Exchange is likely to keep moving upwardly on Thursday to target 11,400 points amid talks on a wave of partial profit-taking, analysts told Mubasher.
Market analyst Ayman Fouda expected EGX to deliver a positive performance today and the main index is likely to face resistance at the 11,029-400 zone while having support at 10,688-225 area.
Market analyst Ahmed Thabet anticipated the bourse to slightly decline at Thursday's opening due to the aggressive increase that blue-chip stocks saw yesterday.
But the market is moving upwardly on the long and mid-term, the analyst added, noting that foreign trading activities look solid and stimulating to extent EGX upward trend after free floating the Egyptian pound on 3 November.
