Thursday, 26 September 2019

MIDEAST STOCKS-Egypt extends gains; other markets subdued - Reuters

MIDEAST STOCKS-Egypt extends gains; other markets subdued - Reuters:

Egyptian stocks on Thursday extended
gains from the previous session offsetting some of its wide
losses incurred in the first three sessions of the week
following protests in several Egyptian cities.

Anti-government protests broke out last weekend against
President Abdel Fattah al-Sisi, causing shares to plunge on the
Cairo bourse early in the week.

Egypt's blue-chip index rebounded for a second day,
gaining 1.9% with 27 of 30 stocks rising on the index.

The country's largest lender Commercial International Bank
jumped 4.1% and Cairo for Investment and Real Estate
Development (CIRA) surged 10%, its biggest since April
2011.

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