Cairo – Mubasher: The Egyptian Exchange’s (EGX) performance is expected to be positive on Wednesday as the correction movement came to an end on Tuesday, analysts told Mubasher.
Market analyst Sameh Ghareeb said that the EGX30 index will first face resistance at 12,100 points, then 12,400 points.
The index is likely to test the level of 12,000 points today, said technical analyst Saied El-Feqy noting that the prices of some stocks became attractive for purchase.
El-Feqy expected traders to form purchasing positions to drive the index to the level of 12,000 points, then 12,300 points.
The main gauge declined on Tuesday by 0.72% or 86.26 points to the level of 11,937.67 points - its lowest level in 100 days.
