Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to witness a mixed performance on Wednesday as profit-takings continue on blue chips, analysts told Mubasher.
Market analyst Shahd Raafat said that the benchmark EGX30 index declined on Tuesday to the level of 12,905 points and is forecast to continue moving downward to 12,850 and 12,700 points.
The EGX30 is likely to face resistances at 13,090 and 13,130 points, while it has support levels at 12,880 and 12,745 points, said technical analyst Ayman Fouda.
Fouda added that the EGX70 index faces resistances at 555 and 564 points, while its support levels are 540 and 529 points.
The main gauge fell on Tuesday by 0.91% or 118.12 points to the level of 12,905.37 points, while the EGX70, EGX100, and EGX50 indices rose 3.66%, 2.29%, and 0.50%, respectively.
