Cairo – Mubasher: The benchmark EGX30 index of the Egyptian Exchange (EGX) is expected to rise on Tuesday, with the small- and medium-sized enterprises EGX70 index is forecasted to continue its positive performance to reach 540 points, analysts told Mubasher.
Market analyst, Saied Al Feqy, said that the index swung between 12,800 and 13,000 points this week, expecting the main gauge to target the mark of 13,100 points, paving the way to hit 13,500 points.
The EGX70 index is targeting the mark of 540 points in the medium term, Al Feqy added.
Technical analyst, Ayman Fouda, suggested that the EGX30 will face resistances at 13,000 points, while its support level is 12,630 points.
The main index declined on Monday by 0.26% to 12,549.42 points.
