Sunday 30 June 2013

Egypt Stocks Rise Amid Protests After June Slump; Kuwait Drops - Bloomberg

"Egyptian shares climbed to the highest in almost three weeks on investor bets the steepest monthly drop since November was overdone even as the government faces nationwide protests.
Commercial International Bank Egypt SAE, the nation’s largest publicly traded lender, jumped 3.8 percent and Orascom Telecom Holding rose the most in a month. The EGX 30 Index advanced 1.4 percent to 4,752.22, the strongest close since June 11 and trimming this month’s retreat to 13 percent. About 45 million shares traded compared with a one-year daily average of almost 124 million."

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