Tuesday, 15 September 2015

MIDEAST STOCKS-Egypt extends rally, Etisalat lifts Abu Dhabi | Reuters

MIDEAST STOCKS-Egypt extends rally, Etisalat lifts Abu Dhabi | Reuters:



"Egypt's stock market rose for a
third day in a row on Tuesday, supported by foreign inflows,
while Gulf markets were mixed as oil prices remained volatile.

The Cairo index edged up 0.2 percent as Commercial
International Bank, the country's biggest listed
lender, rose 1.0 percent to 51.00 pounds.

Pharos Capital on Tuesday raised its target price for the
stock by 4 percent to 61.14 pounds, citing income tax rate cuts
announced last month."



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