Sunday, 14 September 2014

Egypt, Qatar edge up; UAE markets slip | Reuters

Egypt, Qatar edge up; UAE markets slip | Reuters:



"Egypt's stock market edged up in early trade on Sunday after the Cairo government said it would invite an International Monetary Fund mission to visit, while Qatar's bourse rose after the country took a step to reconcile with its Gulf neighbours.



The Cairo benchmark rose 0.6 percent shortly after opening as most stocks were up. Developers Medinet Nasr and Talaat Moustafa Group were the main supports, gaining 3.8 and 1.1 percent respectively.



Egypt will ask the IMF for a long-delayed economic assessment in the hope of improving the country's image before a February investment conference, the country's finance ministry said in a statement on Saturday."



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