Wednesday 19 December 2012

MIDEAST STOCKS-Egypt surges ahead of voting; Gulf mkts rise - Yahoo! News Maktoob

Egypt's bourse extended gains on Wednesday, as Arab investors continued to buy into risk ahead of a second round of voting on the new constitution, while most Gulf markets also gained.
Cairo's benchmark index rose 1.9 percent to finish at 5,420 points, back to the pre-crisis levels of late November when the market plunged because of the controversy over President Mohamed Mursi's moves to award himself wider powers and push through a new constitution.
Small-caps dominated trading with Palm Hills Development rising 3.7 percent, Citadel Capital up 6.3 percent and El Saeed Contracting gaining 2.5 percent.

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