Egypt proves best destination for stock market investors - FT.com

Egypt proves best destination for stock market investors - FT.com:



"Egypt was 2014’s best destination for stock market investors, producing a total return including dividends and share price rises of more than 30 per cent in a year in which the US led equity rallies in developed economies.



In spite of the Egyptian army coup, which toppled the democratically elected government of the Muslim Brotherhood 18 months ago, the MSCI index for Egypt has almost doubled since mid-2013.



Total returns based on MSCI indices were calculated in dollar terms, so the recent collapse of the rouble aggravated the woeful state of the Russian market, where investors suffered a “negative return” — or loss — of minus 42.3 per cent."



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