Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices are expected to move sideways during Tuesday’s session, with the benchmark EGX30 index likely to test the level of 12,900 points, an analyst told Mubasher.
Technical analyst Ayman Fouda said that the EGX30 index is forecast to continue its volatile sideways performance during the remaining session of the week as it failed to stand above the level of 12,904 points on Monday.
Fouda expects the EGX30 index to face resistances at 12,905, 12,950, and 13,050 points, while the support levels are likely to be 12,840, 12,745, and 12,670 points.
The small- and medium-sized enterprises index EGX70 is likely to face resistances at 594 and 597 points, and has supports at 588 and 583 points, the analyst added.
The main gauge fell on Monday by 0.04% to 12,866.06 points.
