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Egypt stocks surge further into green mid-Tuesday

Main index rockets 2 per cent in opening two hours of trade amid institution spending spree

Ahram Online, Tuesday 25 Sep 2012
Egypt Bourse
Strong gains for Egypt's Bourse early on Tuesday (Photo: AP)
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Views: 521

Egyptian stocks are staging a strong revival after several days in the doldrums, fuelled by a spending spree from local and international institutions.

The benchmark EGX30 is trading up 2.04 per cent at 5,950 points around 90 minutes before the close of Tuesday's session.
Commercial International Bank and real estate giant Talaat Moustafa Group are seeing the heaviest trade.
The broader-based EGX70 is performing nearly as well, up 1.92 per cent.
Egypt's main index edged up 0.27 per cent on Monday, its first gains after two sessions of losses.
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