The Egyptian Exchange (EGX) drew varied expectations from analysts for its Tuesday performance, amid continuous mixed performance on its indices and thin trading volumes.

"EGX indices are likely to resume their mixed movement, while the benchmark is expected to witness declines following dividend payouts from Commercial International Bank (CIB)," said Mona Mostafa, a technical analyst at African Group brokerage.

"On contrary, blue chips are likely to move forward in an attempt to confirm their positions above their resistance levels, where they may see some profit-taking operations," added the analyst

EGX indices rose on Monday, gaining around EGP 2.99 billion ($392.5 million) in capitalisation, backed by strong buying among local institutions.

The benchmark index EGX30 erased early losses to end 0.62% higher at 9,118.97 points.