Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to continue Wednesday its upside trend seen in the last two sessions, technical analysts told Mubasher.
The benchmark index EGX30 moved higher on Tuesday, for the second day in row, amid strong trading volumes and it is expected to extend upside trend until the level of 5,950 points, said Mona Hassan, chief technical analyst at MubasherTrade.
The market is seen bullish on Wednesday’s session as the benchmark moves near the level of 6,200 points amid sideways trend with downward bias on the short run, said Hanan Ramsis, executive director at Cairo Securities.
EGX indices closed in green zone on Tuesday, as the benchmark index EGX30 added 1.6% or 94.5 points to close at the level of 5,894.6 points on buying activity by Arab and foreign investors.
