The Egyptian Stock Exchange (EGX) indices are forecasted to rebound towards the next resistance levels during Tuesday's trading amid the appearance of strong purchasing power, as stock prices reach appealing levels, said experts and analysts.

Liquidity will be a main factor that will control the extent of the market’s rebound, they said.

"The benchmark index EGX30 will face resistance at the levels of 9,460 and 9,588 points, while it will gain support at the levels of 9,300 and 9,280 points," said Mona Mostafa, a technical analyst at African Group brokerage.

EGX indices ended on a mixed note on Monday, as the market capitalisation lost EGP 380 million ($48.8 million) amid a strong buying spree from local and Arab institutions.

The EGX30 inched up 0.21% to 9,374.12 points, while the small and mid-cap index EGX70 fell 0.20% to 527.13 points and the broader EGX100 went down 0.10% to 1,077.15 points.