Cairo-Mubasher: The Egyptian Exchange (EGX)is forecasted to continue positive performance on Thursday, last trading session in 2015, technical analysts told Mubasher.
The benchmark index is likely to extend its upside trend as it targets the levels of 7,080 and 7,138 points, said Bashr Alhasina- Member of the Egyptian Association for Development and Investment.
The purchasing operations are likely to slow down near the levels of 6,900 and 6,897 points, added the analyst.
"The main gauge ended its sideways trend on Wednesday, as it closed above the barrier of 6,900 points for the first since last October," said Mona Hassan, chief technical analyst at MubasherTrade.
If the benchmark kept its movement above the level of 6,900 points, then it may target the level of 7,400 points on the short run, noted Hassan.
The analyst pointed out that the investors are advised to keep their current positions in the market.
EGX30 added 2.74% or 186.26 points closing at 6,981.01 points on Wednesday, its highest level in 36 sessions.
