Cairo-Mubasher: The Egyptian Exchange(EGX)is expected to continue its upside correction trend on Thursday, while the benchmark index EGX30 may test the level of 7,000 points, if it maintained its position above the level of 6,800 points, said Mona Mustafa, technical analyst at African Group brokerage.

The duration of this correction movement depends on the amount of the available liquidity, added Mona noting that the benchmark will gain support at the level of 6,500 points.

"The benchmark's first upcoming resistance zone will be at the level of 7,000 points, while it will gain support at the level of 6,640 points," said Sameh Gharib, head of technical research at Roots Stock Brokerage.

On Wednesday, the benchmark added 0.53% or 36.54 points to close at 6,873.49 points, while market capitalisation added around EGP 94.9 million ($12.1 million) backed by foreign and Arab buying appetite.