Wednesday 5 December 2012

STOCKS NEWS MIDEAST-Egypt extends gains; Saudi ticks up - Yahoo! News Maktoob

Egypt's bourse climbs in late-trade, extending gains as non-Arab foreigners buy on attractive prices, while Saudi Arabia's market resumes a rally.
Cairo's benchmark climbs 1.6 percent to finish at 5,072 points, trimming its losses to 6.7 percent since President
Mohamed Mursi issued a decree that gave him more powers and triggered a political crisis.
Local investors are selling among fresh protests planned. Muslim Brotherhood called for a rally backing Mursi, outside his palace on Wednesday and leftists planned a counter-demonstration, raising fears of clashes in a crisis over a disputed push for a new constitution.

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