Sunday 27 March 2011

A rush to buy Egyptian bargains as exchange opens - The National

Bargain hunters are expected to be busy in the Egyptian stock market this week as undervalued shares are overriding uncertainty about the country's political situation.

Modest gains were a surprise last week after trading resumed on the Egyptian Exchange for the first time in 38 business days.

The benchmark EGX 100 Index ended the week 0.9 per cent higher as foreign investors swept in on shares available at 10 per cent below their average trading value.

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