A month of peaceful political developments led to cautious optimism in Egypt this January, helping the stock market become the best performing among the world’s leading exchanges so far this year.
The rally has been inspired primarily by political rather than economic events, onlookers say. But after the unprecedented violence of late 2011, when more than 50 protesters died on Cairo’s streets, many say sentiment toward the political transition is rebounding from what may eventually be seen as a long-term low.
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