Cairo – Mubasher: Analysts expect the Egyptian Exchange (EGX) to move upward on Tuesday after the Easter holiday.
Market analyst Saied Al Feqy said that the benchmark EGX30 index is likely to face resistances at 13,000 and 13,200 points, and expected the small- and medium-sized enterprises index EGX70 to face resistance at 630 points on the short-term.
The EGX decreased slightly last week after the Palm Sunday attacks in Alexandria and Gharbia governorates, which negatively affected the stock market’s performance coinciding with the visit of President Abdel Fattah El-Sisi to Washington, technical analyst Waleed Hilal told Mubasher.
Hilal forecast the main gauge to break above the mark of 13,000 points this week.
