Cairo - Mubasher: The Egyptian Exchange (EGX)is expected to resume sideways trend on Tuesday, while the benchmark index EGX30 is forecasted to move between the levels of 6,300 and 6,900 points, technical analysts told Mubasher.
The benchmark ended Monday's session near the level of 6,744 points on moderate trading volumes, said Mona Hassan, chief technical analyst at MubasherTrade.
"Tuesday's session early trade is expected to see more selling pressures, until the benchmark rebound again moving towards the level of 6,800 points," said Hanan Ramsis, executive director at Cairo Securities Brokerage.
EGX indices slide collectively on Monday, as the benchmark index EGX30 fell 0.07% to close at 6,744 points, while the market capitalisation shed nearly EGP 117 million to reach EGP 424.6 billion.
