Egypt's main share index edges up 0.3 percent, with local retail investors buying on optimism a visit to Cairo by the head of the IMF will help clear the way toward a $4.8 billion loan the government is seeking.
International Monetary Fund chief Christine Lagarde arrives in Cairo on Wednesday in what the IMF said is a show of support during a period of transition. Newly elected President Mohamed Mursi appointed his first government last month.
"Trading volume was dominated by retail and local investors today," says Tariq Hussein of CIBC Brokerage. "It went up early in the session on optimism over the IMF visit, but then fell back later in the day."
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