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Market Update: Egypt stocks soaring 5.6 pct after Morsi victory announcement

Ahram Online, Monday 25 Jun 2012
Views: 1062
Views: 1062

Egyptian stocks are seeing another surge, the benchmark EGX30 soaring 5.65 per cent to 4,402 points just 40 minutes into Monday's trading session.

The broader EGX70 is also up 3.98 per cent.
Orascom Telecom Media & Technology is continuing to see the market's heaviest trade.
The main index climbed 3.3 per cent on Sunday after investors betted on a peaceful outcome to a bitterly divisive presidential election, whose results were due just a half-hour after the exchange closed.
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