Sunday 6 December 2015

MIDEAST STOCKS-Egyptian stocks lifted by upward revision to growth; Gulf mixed | Reuters

MIDEAST STOCKS-Egyptian stocks lifted by upward revision to growth; Gulf mixed | Reuters:

"Egyptian stocks bourse rose in the first trading session of the week after the government revised GDP upward on Saturday; Gulf markets were mixed and thinly traded as oil dropped to within a few cents of a new six-year low.

Positive economic growth lifted Egypt's stock index by 0.9 percent to 6,837 points in the final hour of trade.

The Planning Ministry revised its target gross domestic product upward to 5.5 percent from 5 percent on Saturday and said the economy grew at 4.2 percent in the 2014/2015 fiscal year, up from 2.2 percent the previous year."



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