Sunday 9 December 2012

STOCKS NEWS MIDEAST-Egypt rallies after Mursi cancels decree - Yahoo! News Maktoob

Egypt's bourse jumps at the open, in a relief rally after President Mohamed Mursi scrapped a decree that expanded his powers and triggered a political crisis.
The benchmark index rises 3.9 percent to 5,027 points, up for a third session in the last five.
The market has been volatile since Mursi's decree on Nov. 22, which gave him sweeping powers and put him above legal challenge until new parliamentary elections.

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