Cairo – Mubasher: The Egyptian Exchange is forecast to move sideways and to deliver a jittery performance on Tuesday amid lack of positive data as well as lower liquidity level, analysts told Mubasher.  

The benchmark index is having support at the 8,130 area, while facing resistance at the mark of 8,315 points, said market analyst Ibrahim Al-Nimr, clarifying that on the short term the index has support at 8,780 points.

"If the index shoots above the current resistance, it will likely test the 8,600-700 point once more. But in case the market index fails to hold above the former main support level, it will probably move back to the 7,900-870 zone", Al-Nimr added. 

MubasherTrade Research said the index on Monday managed to hold above 8,200 which may lead to further rise towards 8,300 over the mid-week trading session.

"Generally, we believe that the lateral moves are likely to continue, as long as it holds above 7,900", the research agency concluded.

The bourse finished Monday's trading session in the red territory amid foreign and national selling activity and the EGX30 lost 46 points, or 0.6%, to close at 8228.13 points.