Cairo - Mubasher: The Egyptian Exchange (EGX) is expected to continue its sideways trend through this week’s trade, while the benchmark index EGX30 will move between the levels of 6,200 and 6,640 points, technical analysts told Mubasher.

The benchmark targets the levels of 6,640 and 6,800 points respectively, after it succeeded in keeping its position above the level of 6,420 points, said Ayman Fouda, head of capital market committee at the African Economic Council.

The benchmark will gain support at the level of 6,320 points, noted Fouda.

On other hand, the small and mid-cap index EGX70 will gain support at the levels of 348 and 344 points, and face resistance at the levels of 357 and 353 points.

EGX indices ended on a mixed note on Thursday, as the benchmark index EGX30 erased early losses gaining 0.58% or 36.75 points to close at 6,427.82 points enhanced by leading stocks.