Cairo-Mubasher: The Egyptian Exchange (EGX) is expected to continue fluctuating trend on Wednesday, while the benchmark movement is correlated with testing the level of 7,200 points, analysts told Mubasher.

"The market is likely to show sideways-accumulating-trend through the rest of the week, which will be an opportunity for the investors to enter the market," said Ayman Fouda, head of capital market committee at the African Economic Council.  

If the benchmark index EGX30 kept its position above the level of 7,200 points, then it will target the levels of 7,260, 7,380 and 7,500 points respectively, added Fouda.

On Tuesday, EGX30 edged down 0.67% or 48.57 points to close below the 7,250 level at 7,203.86 pts.