Cairo – Mubasher: The Egyptian Exchange (EGX) may witness correction movement on Tuesday amid the weakness of the purchasing power and expected profit taking, said Waled Helal Deputy Manager of Egyptian Group securities.
“On Monday the market rebounded amid random selling trend adopted by the investors as they fear the market to decline again,” added Helal.
Egypt’s bourse closed on positive note on Monday as the benchmark index EGX30 added 2.21% or 280.81 points to close at 13,002.89 points.
