Wednesday 10 July 2013

MIDEAST STOCKS-Egypt rises after billions in Gulf aid; regional trading slumps | Reuters

"Egypt's bourse rose on Wednesday after Gulf countries pledged billions of dollars in aid but gains were capped in muted trade due to the onset of the Ramadan fasting month.

Thin trading volumes plagued regional markets with activity in Saudi Arabia and Kuwait falling to its lowest this year.

After Tuesday's close, Saudi Arabia announced $5 billion in aid for Egypt, including central bank deposits, energy products and cash, while the United Arab Emirates offered $3 billion in grants and loans."

'via Blog this'

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