Egypt's bourse and most Gulf markets rose on Monday as investors bought stocks oversold in recent days on euro zone fears, while a rise in oil prices helped improve local sentiment.
Having hit a 2012 low on Friday, Brent crude rose 73 cents to $107.87 a barrel by 1246 GMT on hopes China could take steps to stimulate growth and lift fuel demand at the world's second largest oil user.
However, the spectre of European sovereign debt and a potential 'Grexit' event - Greece leaving the euro zone - would continue to be a primary driver of regional trading on a lack of domestic catalysts.
No comments:
Post a Comment