Google+ Followers

Thursday, 17 November 2016

MIDEAST STOCKS-Egypt gains in record volume, Saudi underperforms peer markets | Reuters

MIDEAST STOCKS-Egypt gains in record volume, Saudi underperforms peer markets | Reuters:
"Egypt's blue chips carried the Cairo stock index to fresh eight-year highs in the heaviest trading volume on record on Thursday as foreign funds continued to flow in, while Saudi Arabia edged down in modest volumes.

The Cairo blue chip index jumped 2 percent as a record 770 million shares traded hands, bringing its gains to 32 percent since the Egyptian pound was floated on Nov. 3.

Bourse data showed foreign investors remained net buyers of Egyptian equities on Thursday to the tune of about $8 million; they have been net buyers every day since the float."

'via Blog this'