Tuesday 21 July 2015

MIDEAST STOCKS-Blue chips lift Egypt's market | Reuters

MIDEAST STOCKS-Blue chips lift Egypt's market | Reuters:



"Egypt's stock market edged up in early trade on Tuesday, supported by blue chips, but was roughly equally split between gainers and losers.



The Cairo benchmark added 0.6 percent and Commercial International Bank, the country's biggest listed lender, was the main support, rising 1.9 percent. Rating agency Moody's last week improved its outlook on Egypt's banking system to "stable".



Investment bank EFG Hermes rose 1.1 percent, having announced a bonus share issue last week of 0.146 new share for each outstanding one."



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