Cairo – Mubasher: Analysts forecast the Egyptian Exchange’s (EGX) indices to move sideways on Wednesday, noting that the benchmark EGX30 index is expected to test the level of 13,000 points.
Head of research at Egyptian Group for Securities Hoda El-Menshawy said that the benchmark will try to target 13,224 and 13,500 points after maintaining the level of 12,950.
Market analyst Shahd Raafat stated that the index closed Tuesday’s session below the mark of 13,000 points amid low trading volume, which refers to the continuing sideways movement.
The main gauge rose on Tuesday by 0.10% or 13 points to the level of 12,982.66 points.
