Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to continue its sideways movement on Monday, technical analysts told Mubasher.
The benchmark index EGX30 is likely to move between the resistance level of 6,130 points and the support level of 5,500 points, said Mohamed Ismail, technical analyst at Golden Hand Brokerage.
“The main gauge moved higher in Sunday’s session on strong trading volumes, but it failed in breaking above the level of 6,100 points. Accordingly, it is expected to move down again towards the level of 5,880 points,” said Mona Hassan chief technical analyst at MubasherTrade.
The benchmark advanced 0.10% or 5.94 points on Sunday, as it closed at the level of 5,992.72 points.
