MIDEAST STOCKS-Egypt rises to 5-month high on political compromise hopes | Reuters:
"Egypt's bourse surged to a five-month high on Sunday as signs that supporters of deposed president Mohamed Mursi might be willing to compromise with the interim government raised hopes for a political resolution after weeks of street violence.
A spokesman for a pro-Mursi delegation said it wanted a solution that would "respect all popular desires", a sign that supporters could be backing away from demands to reinstate Mursi.
Also, the weekend passed without major violence. Many investors had been concerned there could be more bloodshed if the army took action against Mursi supporters protesting on the streets; security forces shot dead 80 of them a week ago."
'via Blog this'
No comments:
Post a Comment