Egypt: the army bounce? | beyondbrics

Egypt: the army bounce? | beyondbrics: "Egyptian debt premiums might be at an all time high (see beyondbrics 1 hour ago), but equity investors are taking a bet that things will improve for Egypt.

The cairo bourse was closed on Monday for a holiday, but opened on Tuesday with a flourish, surging nearly 5 per cent.

In particular, property and property-related financial stocks were up, with National Real Estate Bank for Development, Amer Group, Six of October Development and Pioneers Holding all up over 9 per cent.

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