Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to resume its upward movement on Wednesday as the benchmark EGX30 index is likely to target 13,000 and 13,300 points, analysts told Mubasher.
Market analyst Ibrahim El Nimr expected the main index to target support levels at 13,130 and 13,300 points.
Meanwhile, analyst Ahmed Abdel Hamid suggested that the EGX30 will face resistances at 13,000 and 13,240 points, backed by optimism among traders after the adoption of the New Investment Law.
The main gauge rose on Tuesday by 0.82% or 105.75 points to the level of 12,933.68 points.
