Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to continue the positive performance on Monday, analysts told Mubasher.
The benchmark EGX30 index has seen an upward trend on Sunday, terminating the bearish wave it witnessed last week, Michael Armia, head of technical analysis department at Arabeya Online said.
The index has resistance at 15,400 and 15,615 points and has support at 15,360, 15,190, and 15,000 points, Armia added.
The EGX70 index is targeting 885 and 942 points to maintain rising, while the EGX100 index is moving towards 2,050 and 2,132 points in the medium- and long-term, he indicated.
Furthermore, Ayman Fouda, head of capital market committee at the African Economic Council, said that the EGX ended Sunday’s trading session in the green as the EGX30 closed up 0.93% at 15,311 points on the back of foreign institutional and retail buying.
