Cairo – Mubasher: The Egyptian Exchange is expected to see positive performance through this week’s trades, as the benchmark index is anticipated to test the level of 6,000 points, technical analysts told Mubasher.
“The benchmark index EGX30 is likely to focus its movement near the support levels of 5,900 and 6,000 points,” said Ehab Saeed, head of technical analysis at Osool Securities.
The benchmark is anticipated to test the levels of 6,200 and 6,250 points, as long as it succeeded in keeping its position above the levels of 5,900 and 6,000 points, added the analyst.
As for the small and mid-caps index EGX70, the analysts noted that it is expected to move near the resistance level of 354 points.
EGX70 may move higher towards the previous support level of 360 points, if it succeeded in breaking above the level of 354 points, said Saeed.
