Cairo – Mubasher: The benchmark EGX30 index of the Egyptian Exchange (EGX) may test the level of 13,200 points on Wednesday, then the mark of 13,500 points in the upcoming sessions, analysts told Mubasher.
Market analyst, Ibrahim El Nimr, said that the main gauge may continue rising to reach the level of 13,225 points then 13,550 points.
The EGX70 index succeeded in exceed the resistance level of 483 points, which may push it to the levels 510-550 points on the short term, El Nimr added.
Technical analyst, Ayman Fouda, suggested that the EGX30 will face resistances at 132,000-13,544 points, and have supports at 13,125-12,850 points.
The EGX70 index faces resistance level of 530-540 points, while its support levels are 516-503 points, he said.
The benchmark index closed yesterday with a rise of 2.18% or 279.85 points to the level of 13,129.27 points.
