Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to resume its upside trend on Monday, technical analysts told Mubasher.
“The benchmark index EGX30 declined slightly in the previous session as it reached the level of 6,126 points and it is expected to move higher on Monday to retest the level of 6,320 points,” said Mona Hassan, Chief technical analyst at MubasherTrade.
The stocks are likely to keep their current positions, especially on the absence of any negative economic figures through the current period, said Sameh Gharib, head of technical research at Roots Securities.
EGX indices closed on mixed zone on Sunday, as the benchmark index EGX30 fell 1.2% or 75.7 points to close at 6,126 points.
