Wednesday 9 September 2015

MIDEAST STOCKS-Global rally lifts Egypt, Saudi Arabia | Reuters

MIDEAST STOCKS-Global rally lifts Egypt, Saudi Arabia | Reuters:



"Egypt's stock market rebounded in early trade on Wednesday, supported by a global equities rally, and Saudi Arabia's bourse also rose broadly.



The Cairo index jumped 2.2 percent with most components positive. Heavyweight lender Commercial International Bank rose 2.8 percent.



Egypt's stock market had fallen sharply on Tuesday after the country's agriculture minister was arrested on suspicion of corruption, with the sell-off largely driven by sentiment rather than fundamentals."



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