Google+ Followers

Thursday, 13 October 2016

MIDEAST STOCKS-Egypt rallies on $2 bln Saudi deposit; Gulf mixed | Reuters

MIDEAST STOCKS-Egypt rallies on $2 bln Saudi deposit; Gulf mixed | Reuters:

"Egypt's stock market surged on Thursday as local investors welcomed news that Saudi Arabia had deposited $2 billion in the Egyptian central bank. Gulf markets were mixed.

Cairo's index of the 30 most valuable companies rallied 3.9 percent to 8,505 points in its heaviest trade since early August.

Global Telecom soared 11.6 percent to 5.20 Egyptian pounds. Investment bank EFG Hermes jumped 4.4 percent."



'via Blog this'