Sunday 3 November 2013

MIDEAST STOCKS-Egypt mkt muted ahead of Mursi trial; Saudi up | Reuters

MIDEAST STOCKS-Egypt mkt muted ahead of Mursi trial; Saudi up | Reuters:

"Egypt's benchmark rose slightly in thin trade on Sunday, a day before the trial of deposed Islamist president Mohamed Mursi begins, while other Middle East markets were also lacklustre.

Egypt's index edged up 0.1 percent, taking its gains since the army ousted Mursi from power on July 3 to 24.5 percent.

Amer Group was the most active stock with 9.7 million shares changing hands as it fell 3.5 percent. Four other index stocks traded more than 2 million shares.

"The market is pretty flat - everybody is waiting for Mursi's trial tomorrow," said Mohamed Radwan, director of international sales at Pharos Securities in Cairo."

'via Blog this'

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