Sunday 21 July 2013

MIDEAST STOCKS-Egypt rises to 7-wk high on constitution rework; Dubai rallies | Reuters

MIDEAST STOCKS-Egypt rises to 7-wk high on constitution rework; Dubai rallies | Reuters:

"Egypt rose to a seven-week high on Sunday as work began to amend the country's constitution, with sentiment also buoyed by weekend protests less violent than feared, while Dubai's bourse hit a near five-year high on quarterly earnings expectations.

Legal experts in Egypt were due to begin meeting on Sunday to study changes to the constitution, with an amended version having to be in place before Egypt can hold parliamentary elections.

The constitution, which was suspended earlier this month, was drawn up last year by an Islamist-dominated assembly that was boycotted by liberals and Christians, who said it failed to properly protect human rights and social justice."

'via Blog this'

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