Thursday 15 November 2018

MIDEAST STOCKS-Most of region firm, blue chips boost Egypt sharply | Reuters

MIDEAST STOCKS-Most of region firm, blue chips boost Egypt sharply | Reuters:

Most Middle Eastern stock markets were firm on Thursday while Egypt rose sharply in active trade on buying of blue chips that was encouraged by strength in emerging markets, generally due to optimism over the Sino-U.S. trade dispute.

The Egyptian blue-chip index rose 1.4 percent, far outperforming the broader EGX100, which was almost flat.

Global Telecom gained 3.2 percent and Edita Food added 7.3 percent. Orascom Investment Holding rose 2.8 percent after reporting a profit for its third quarter compared with a loss last year.

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