The Egyptian Stock Exchange (EGX) indices are expected to continue their mixed movement on Monday amid the current thin volumes and investors' concerns over political instability in the region, said capital market experts.

"Both the indices and stocks are expected to continue their mixed performance until the appearance of strong purchasing power that is capable of stopping the market’s current sharp declines," said Mona Mostafa, technical analyst at African Group brokerage.

The benchmark index EGX30 will gain support at the levels of 9,050 and 8,950 points, while it will face resistance at the levels of 9,150 and 9,280 points, added the analyst.

EGX indices ended on a mixed note on Sunday, as the market capitalisation gained nearly EGP 2.3 billion ($299 million) amid a buying spree from local investors.

The benchmark index EGX30 gained 0.12% to close at 9,062.99 points.