Cairo - Mubasher: The Egyptian Exchange (EGX) is expected to resume upside trend on Monday, technical analysts told Mubasher.
The benchmark index EGX30 targets the levels of 6,800 points and 6,950 points respectively, said Ayman Fouda, head of capital market committee at the African Economic Council.
The market's success in continuing current upside trend depends on the liquidity levels, noted Fouda.
The main gauge will see resistance at the levels of 6,800 and 6,950 points, while it will gain support at the levels of 6,650 and 6,580 points, added Fouda.
In the same vein, Mona Hassan, chief technical analyst at MubasherTrade said, "The benchmark ended Sunday's session up at the level of 6,707 points and it is expected to face resistance at the levels of 6,700 and 6,900 points".
EGX indices advanced collectively on Sunday, as the benchmark added 0.57% or 37.8 points to close at the level of 6,707 points on the institutions buying.
