Tuesday 4 December 2012

STOCKS NEWS MIDEAST-Egypt rallies after judges agree to oversee vote - Yahoo! News Maktoob

Egypt's bourse rallies after the Supreme Judicial Council cleared the way for a referendum on a new constitution
which President Mohamed Mursi hopes will end a political crisis that has split the country.
Cairo's benchmark rises 2.9 percent to 4,965 points, with trading volatile since Mursi's decree on Nov. 22 that expanded his powers and sparked widespread protests.
Some judges had called for their colleagues to shun the Dec. 15 plebiscite, which must be supervised by the judiciary like all elections in Egypt. But the council's decision suggests enough officials can be mobilised to oversee the vote.

No comments:

Post a Comment