The Egyptian Exchange (EGX) is likely to see a sideways-to-declining trend on Thursday, the last trading session of the week, analysts told Mubasher.

The benchmark EGX30 index has a short-term resistance at 15,320 points, while it has support at 15,000 and 14,903 points, head of the capital market committee at the African Economic Council Ayman Fouda highlighted.

Moreover, the small- and mid-cap EGX70 index has short-term resistance at 688 and 695 points, while it has support at 669 and 660 points, he indicated.

For his part, Osama Naguib, head of technical analysis at Arab Finance Securities, said that the EGX30 index is still moving sideways above the main support level of 14,600 points and below main resistance at 15,300 points.

The benchmark may retest 15,300 points if the heavyweight Commercial International Bank (CIB) settled above EGP 71.5, he noted.

-Mubasher