Cairo – Mubasher: The Egyptian Exchange is forecast to resume running bullish on Tuesday, only if the benchmark index breaks above 11,332 points, according to analysts.
Market analyst Hoda El-Menshawi said the main index is still moving upwardly in the wide price channel extending from 3,375 points to 12,046 points.
By shooting above 11,332 points, the upward trend will be resumed and confirmed; otherwise, the bourse will extend a jittery performance with a bullish view, the analyst added.
MubasherTrade Research said, "The index rose slightly closing at 11,261 and it is expected to rise towards 11,500."
The bourse closed Monday’s trading on a positive note, backed by purchases of foreign investors.
The benchmark index rose 1.04% or 115.8 points to the level of 11,261.82 points.
