Cairo – Mubasher: The benchmark EGX30 index of the Egyptian Exchange (EGX) is expected to continue the upward movement on Sunday, despite witnessing correction movements.
Market analyst, Sameh Ghareeb, said that the index remains in a correction movement after declining from 13,544 points to the level of 12,600 points; the index’s current main support level.
Technical analyst, Ayman Fouda, said that the main index will face resistance at the levels of 12,950 and 13,090 points, while it will have support at the level of 12,740 and 12,630 points.
Meanwhile, the EGX70 index will face resistance levels of 500 and 508 points, while it will have support at the level of 483 and 477 points.
The EGX30 index fell last week by 2.18% or 284.98 points to the level of 12,806.07 points, while the EGX70 index grew 3.2%.
