Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to carry on the sideways trend on Tuesday, analysts told Mubasher.
The main indices of the EGX are likely to see a sideways trend on the mid-week's trading session, head of capital market committee at the African Economic Council Ayman Fouda said.
The benchmark EGX30 is moving in a downward direction in the short-term, Fouda highlighted, stressing that the index is still moving upwardly in the medium- and long-term.
The index may retest 18,000 points if it breaks resistance above 17,600 and 17,700 points, he indicated, adding that the index has support at 17,450 and 17,360 points.
Moreover, the EGX70 index has a short-term resistance at 878 and 885 points, while it has support at 860 and 855 points.
