Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to continue its upward movement on Monday, with the benchmark EGX30 index swinging between a support level of 12,000 points and a resistance of 12,800 points on the short-term, technical analyst Ayman Fouda told Mubasher.
Fouda forecast the EGX30 index to face resistances at 12,630 points and 12,810 points, and have support at 12,380 points and 12,240 points.
The EGX70 index is expected to face resistance levels of 500 points and 508 points, while the support levels are 490 points and 486 points, he added.
The main gauge rose on Sunday by 1.54% or 189.12 points to the level of 12,499.61 points.
