Cairo – Mubasher: The Egyptian Exchange (EGX) is like to continue the positive performance on Wednesday.
The benchmark EGX30 index is expected to retest 13,525 and 13,640 points if it breaks resistance at 13,400 points, head of capital market committee at the African Economic Council Ayman Fouda told Mubasher.
Fouda added that the index has support at 13,350 and 13,220 points.
As for the small- and mid-cap EGX70 index, he indicated it has a short-term resistance at 695 and 699 points and has support at 682 and 677 points.
For his part, Osama Naguib, head of technical analysis at Arab Finance Securities, said that the EGX30 index has main resistance at 13.400 points and has support at 13,225 and 13,150 points.
The EGX closed Tuesday up on the back of purchases by the Egyptian and Arab investors, gaining 59.62 points at 13,402.7 points.
