Cairo – Mubasher: The Egyptian Exchange (EGX) is forecast to keep delivering a jittery performance on Tuesday, said analysts, expecting the main index to target the 11,700 zone.
The benchmark index was dragged lower on a strong selling power to close at 11,426 on average volume, said MubasherTrade Research in a report on Tuesday.
“Visiting 11,300 is likely and lateral moves will take place”, the research agency added, advising traders to spread between the high and low prices (Trading Ranges) over the session.
The index is currently moving sideways between 11,030 and 11,700 points, said market analyst Ahmed Al-Bagory, expecting the main gauge to start in red, but to recover and steady in the second part of the session.
The bourse finished Monday’s trading session in the red territory as EGX30 decreased 204.9 points or 1.8% to the mark of 11,426.5 points.
