Thursday 26 May 2011

MIDEAST STOCKS- Egypt extends rise; Oman slumps to 17-month low | News by Country | Reuters

Egypt's main index .EGX30 hit a seven-week high on Thursday as concerns eased that demonstrations planned for Cairo the following day could turn violent and wreak further damage on fragile investor sentiment.

The EGX30 rose 1.1 percent to its highest close since April 7.

Youth and democracy movements plan a big demonstration in Tahrir Square on Friday to call for a faster move to democracy following the end of former president Hosni Mubarak's 30-year rule in February.

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