Google+ Followers

Wednesday, 4 January 2017

MIDEAST STOCKS-Egypt hits record high as Palm Hills surges, Saudi lags | Daily Mail Online

MIDEAST STOCKS-Egypt hits record high as Palm Hills surges, Saudi lags | Daily Mail Online:
"Stock markets in the Middle East where foreign funds are most active outperformed for a second straight day on Wednesday, with Egypt's index hitting a record high while Saudi Arabia was dragged lower by profit-taking.

Egypt's main index gained 1.5 percent to 12,608 points in the highest trading volume this week, surpassing the intra-day record high of 12,534 points hit on Dec. 22.

Palm Hills Development jumped 8.5 percent after saying it signed an agreement with the Ministry of Housing to buy a major plot in West Cairo to build a new project close to the company's existing developments."

'via Blog this'