Cairo – Mubasher: The Egyptian Exchange (EGX) expected to see sideways movement between the levels of 8,000 and 8,300 on Wednesday, technical analysts told Mubasher.
Today’s trades are likely to be effected by upcoming Eid AL Adha vacation as well as the beginning of trading the stocks of Misr Fertilizers Production Company (MOPCO) as of today 7 September 2016.
“The benchmark index EGX30 moves near the support level of 8,000 on the short-run and its movement seen neutral as long as it keeps its position above the resistance level of 8,300 points,” Hesham Hassan, technical analysts at Acumen- securities told Mubasher.
Egypt’s equities closed on mixed note on the previous session amid lackluster trades .
