Sunday 16 December 2012

MIDEAST STOCKS-Egypt climbs to fresh 3-wk high; Gulf mkts mixed - Yahoo! News Maktoob

Egypt's bourse rallied to a fresh three-week high on Sunday as foreign investors bought into risk but Egyptians were net sellers after a vote tally showed a narrow favour for a constitution shaped by Islamists.
Cairo's benchmark index rose 2.7 percent to its highest close since Nov. 22. All stocks, except two, gained on
the bourse.
Palm Hills Development climbed 5.4 percent, Orascom Telecom and El Saeed Contracting added 0.8 and 5.1 percent respectively. The trio were the most actively traded stocks on the EGX30 index.

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