Cairo – Mubasher: Stock market analysts forecast the Egyptian Exchange (EGX) to witness a sideways movement on Thursday, with the benchmark EGX30 likely to break through 13,500 points.
Shahd Raafat from Mubasher International for Securities said that the main index rose on Wednesday to the level of 13,264 points, and is expected to continue rising to face its previous peak of 13,540 points.
Similarly, analyst Mohamed Mamdouh suggested that the main gauge is forecast to test the level of 13,500 points in the forthcoming period after breaking through 12,700 and 13,000 points.
The benchmark EGX30 rose on Wednesday by 0.19% or 25.24 points to the level of 13,289.99 points.
