Wednesday 20 November 2013

MIDEAST STOCKS-Egypt rallies after protest ends; Qatar retreats | Reuters

MIDEAST STOCKS-Egypt rallies after protest ends; Qatar retreats | Reuters:

"* Egypt jumps 1.4 pct after relatively peaceful protest

* Strong uptrend continues on political, economic hopes

* Qatar consolidates as it resumes trade after technical outage

* Emaar pushes up Dubai before World Expo decision

* Bahrain dragged down by Ahli United Bank

By Olzhas Auyezov

DUBAI, Nov 20 (Reuters) - Egypt's main stock index jumped 1.4 percent on Wednesday to its highest level since January 2011 after a major political protest in the capital ended relatively peacefully, while other Gulf markets were mixed.

Egyptian police fired teargas to drive protesters out of Cairo's Tahrir Square on Tuesday night, breaking up a demonstration commemorating 42 protesters who were killed two years ago as they opposed the government that took power after Hosni Mubarak's downfall.

However, no fatalities were reported on Tuesday and police only intervened shortly before midnight after an otherwise relatively quiet rally."

'via Blog this'

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