Cairo - Mubasher: The Egyptian Exchange (EGX) is expected to continue its upside trend on Monday, technical analysts told Mubasher.
The benchmark index EGX30 may test the levels of 7,200, 7,250 and 7,400 points, said Ahmed Thabet technical analyst at Taycoon brokerage
The benchmark moved higher on Sunday, closing at the level of 7,089 points supported by the strong gains of the heavy weight Commercial International Bank - Egypt, said Mona Hassan, chief technical analyst at MubasherTrade. .
The main gauge currently targets the level of 7,400 points, but might slow down near the level of 7,270 points, therefore the investors are advised to keep their current market's positions.
On Sunday, EGX indices advanced collectively, in 2016's first session, as the benchmark index EGX30 gained 1.19% or 83.05 points to close at 7,089.06 points.
The benchmark hit its highest level in 37 sessions or since 9 November 2015.
