MIDEAST STOCKS-Egypt rallies after calm holiday follows Mursi trial | Reuters:
"Egypt's bourse made its biggest one-day gain in almost two months on Wednesday as it resumed trading after a public holiday that passed peacefully following the start of ousted President Mohamed Mursi's trial.
The index jumped 2.4 percent to its highest level since January 2011, the biggest one-day move up since Sept. 10.
"People were expecting violence in reaction to Mursi's trial over the holiday, but nothing happened and things are easing up," said Ashraf Akhnoukh, co-head of sales trading at CIBC Brokerage.
Mursi's trial on charges of inciting violence was adjourned to January 8 on Monday after he interrupted the session repeatedly. His now-banned Muslim Brotherhood movement has said it would continue staging street protests to pressure the army to reinstate Mursi."
'via Blog this'
No comments:
Post a Comment