Cairo – Mubasher: The Egyptian Exchange (EGX) is forecast to maintain its upturn on Sunday, according to analysts.
The main index (EGX30) sharply rose to 8,505 points on Thursday with a heavy volume, said MubasherTrade Research, expecting the index to keep rising towards 8,800 points.
Market analyst Hesham Hassan said the benchmark is moving between the support of 8,300 and the resistance mark of 8,600, which will, if ticked, change the short-term outlook from negative to neutral.
The main index added 319.17 points, or 3.9%, on Thursday to close at 8505.12 points, which is the highest mark since 28 June 2015.
