Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices are expected to move sideways on Sunday as traders are waiting for the decision of the Central Bank of Egypt's (CBE) Monetary Policy Committee on the interest rates, analysts told Mubasher.

Market analyst Ehab Saied said that the benchmark EGX30 index will target the resistance level of 13,100 points during the week, while the small- and medium-sized enterprises index EGX70 is likely to face resistance at 600 points.

Meanwhile, technical analyst Sameh Ghareeb said that the EGX30 failed for the second week in a row to break above the level of 13,050 due to the selling pressure, noting that trading values rose last week and exceeded the level of EGP 1 billion in some sessions.

Ghareeb expected the index to stand above 12,860 points and retest the level of 13,050 points; a level that paves the way for the EGX30 to reach resistances at 13,200 and 13,400 points.

The main gauge fell on Thursday by 0.85% or 111.64 points to the level of 12,952.38 points.