Cairo – Mubasher: The benchmark index of the Egyptian Exchange (EGX) is expected to decline to the mark of 12,400 in Wednesday’s early trading due to the selling pressure, market analyst, Shahd Raafat, told Mubasher.
Technical analyst, Ahmed Abdel Hamid, said that the EGX30 index have support levels at 12,400, 12,180 and 12,000 points.
Similarly, analyst Ayman Fouda expected the bourse’s indices to close today’s trading in red, noting that the main gauge faces resistances at 12,580-12,740 points, and have supports at 12,250-12,039 points.
The EGX70 index faces resistance levels at 520-527 points, while its support levels are 508-503 points.
The EGX30 index declined yesterday by 1.85% or 236.3 points to the level of 12,503.73 points.
