Cairo – Mubasher: The Egyptian Exchange (EGX) is forecast to move sideways between the marks of 7,850 and 8,065 points on Wednesday, according to analysts.
The benchmark index EGX30 has been pushed down to re-test the 7,850-7,900 area after failing to hold above 8,000 points, said market analyst Ahmed Al-Bagory.
In case the main index is dragged lower below 7,900 points, it will then target 7,750 points and 7,600 points afterwards, Al-Bagory added.
MubasherTrade Research expected the main index to keep the downward trend today towards 7,900 points.
The EGX30 lost 0.32% or 25.91 points, closing at the level of 7,948.93 points. The EGX70 also declined 0.12% to 347.28 points.
