Cairo – Mubasher: The Egyptian Exchange is forecast to test the 8,150 zone on Wednesday, maintaining the upwardly sideways movement on the mid-term, according to analysts.
The market's index is likely to decline towards 8,150-8,060 before testing the key resistance one more time, according to a report by MubasherTrade Research.
The 8,257-8,280 zone has become the new central focus of the benchmark index (EGX30), which will decide whether the index will test higher level or deliver a jittery performance with bearish view, said market analyst Hoda El Menshawy, Head of research at Egyptian group securities
The EGX30 lost 131.23 points, or 1.57% yesterday to close at 8,232.77 points.
