Thursday 27 December 2012

STOCKS NEWS MIDEAST-Egypt bounces from 9-day low; Telecom Egypt up - Yahoo! News Maktoob

Egypt's bourse bounces from a nine-day low, once again showing its resilience in the face of political
instability and economic worries. Turnover is thin but local investors are net buyers, stock exchange data shows.
Cairo's benchmark index rises 1.3 percent to 5,367 points, extending its 2012 gains to 48.5 percent.
Shares in Telecom Egypt gain 1.9 percent, having risen as much as 3.0 percent in early trade, after the Egyptian
regulator said it would grant the landline monopoly a licence by mid-2013 to provide mobile services.

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