Wednesday 12 December 2012

STOCKS NEWS MIDEAST-Egypt rises to 3-wk high; Saudi up - Yahoo! News Maktoob

Foreign buying lifts Egypt's bourse to a three-week high, helping the index recover most of the losses sparked by President Mohamed Mursi's decree last month that expanded his powers and triggered a political crisis.
Cairo's index jumps 2.8 percent to 5,158 points, its highest close since Nov. 22.
Palm Hills Development surges 9.4 percent, the most active stock on the index. Talaat Mostafa Group
follows, with a 6.4 percent gain. Citadel Capital climbs 6 percent.
Arab and non-Arab foreign investors are net buyers on the bourse, according to its website.

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