Cairo – Mubasher: The Egyptian exchange is expected to move sideways between 7,350 points and 7,750 points in Monday's trading session, said analysts, adding that market's trend will be probably decided by breaking any of the previous two levels.

Mohamed Ismail, technical analyst at Golden Hand Brokerage, said the benchmark index (EGX30) is moving sideways between the resistance of 7,750 points and the support of 7,350 points.

By holding above the resistance mark or breaking below the support level, the market's trend will likely be determined on the short-term, putting an end as well to the current weak liquidity ratio, Ismail added.

Ahmed Abdel-Hamid, Managing Director of Watheeqa Securities, attributed lower trading value and liquidity ratio to the latest speculations about the country's exchange rate, expecting liquidity rate to slightly improve on Monday.

Investors are not advised to build new position amid the current downturn that has started since the end of April, Mubasher International for Securities analyst Shahd Raafat.