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Tuesday, 3 January 2017

MIDEAST STOCKS-Region rises, markets exposed to foreign funds outperform | Daily Mail Online

MIDEAST STOCKS-Region rises, markets exposed to foreign funds outperform | Daily Mail Online:
"Stock markets in the Middle East gained on Tuesday, with those most exposed to international funds outperforming as global equities and crude oil prices firmed on their first full-scale trading day of 2017.

Cairo's main index closed 1.1 percent higher with gainers outnumbering losers 25 to two. Foreign traders were net buyers, exchange data showed, a trend which has been consistent since the float of the Egyptian pound two months ago.

Telecommunications firms performed well with Global Telecom jumping 5.8 percent and Telecom Egypt adding 3.8 percent."

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