Cairo – Mubasher: The Egyptian Exchange (EGX) is anticipated to run bullish on Monday and to hold above the mark of 13,000 points, analysts told Mubasher.
The benchmark is facing resistance at 12,946 – 13,100 points, while having support at 12,825 points, said Ayman Fouda, head of capital market committee at the African Economic Council.
MubasherTrade Research said, “The market's benchmark continued rising to reach 12,946 before closing at 12,891, accompanied by average volume.”
“The level 13,000 is a medium term target and inability of crossing above this level calls for partial profit taking, as the index is about to witness lateral moves on the short and medium term”, the research firm added.
