Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to move sideways on Monday with the benchmark EGX30 index likely to move between a resistance level of 13,029 points and a support level of 12,700 points, market analyst Shahd Raafat told Mubasher.
Technical analyst Ayman Fouda said that the main gauge faces resistances at 13,029, 13,200, and 13,340 points, and has support at 12,880 and 12,745 points in the short-term.
The small- and medium-sized enterprises index EGX70 is likely to face resistances at 564 and 570 points, while its support levels are expected to be 550 and 545 points, Fouda added.
The EGX30 index fell on Monday by 1.06% or 138.6 points to the level of 12,969.64 points.
