Cairo-Mubasher: The Egyptian Exchange (EGX) forecasted to witness swing trend on Tuesday, amid the struggle between both the selling and the purchasing power.
"The benchmark index EGX30 targets the levels of 7,330 and 7,500 after it break above the level of 7,260," said Ayman Fouda, head of capital market committee at the African Economic Council.
On Monday, The benchmark rose 2.79% or 197.15 points to close above the 7,250 mark at 7,252.43 points, while the market capitalisation added around EGP 6.8 billion ($863.5 million).
Source:
Mubasher Exclusive