Wednesday, 26 June 2019

MIDEAST STOCKS-Egypt snaps losing streak while most of Gulf slips - Reuters

MIDEAST STOCKS-Egypt snaps losing streak while most of Gulf slips - Reuters:

Egypt's stock market ended six straight
days of losses on Wednesday, while Gulf bourses mostly dropped
as regional political concerns persisted.

Egypt's blue-chip index traded 1.3% higher. El
Sewedy Electric and real estate investment firm Talaat
Mostafa Group Holding jumped 4.8% and 4.5%,
respectively.

The market has been on the back foot in recent sessions
after Egypt's first democratically elected president Mohamed
Mursi died while on trial in a Cairo court. His death has
triggered calls for an inquiry by Amnesty International and the
U.N. Human Rights office.

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