Cairo – Mubasher: It is expected that the sideways performance will continue to dominate Egyptian Stock Exchange (EGX) indices on Thursday, analysts have said, noting that the EGX30 index is likely to move between the levels of 7,280 points and 7,680 points.

Ayman Fouda, capital market analyst at the Economic African Council, said that resistance will be seen at the levels of 7,580 and 7,660 points, respectively, while support will be seen at the levels of 7,520 and 7,450 points, respectively.

As for the small and medium-sized stocks index (EGX70) resistance will be seen at 379 and 383 points and support will be seen at the levels of 372 and 368 points, respectively.

Meanwhile, Mona Hassan, technical analyst at Mubasher International for Securities, said that the EGX’s closing at 7,543 points on Wednesday was accompanied by average trading. She noted that the market will continue to move sideways between the levels of 7,280 points and 7,680 points.