Market Update: Egypt stocks up 1.6 pct by Tuesday close

Ahram Online, Tuesday 27 Mar 2012

Egyptian stocks have bounced back into the green, the benchmark EGX30 closing Tuesday up 1.57 per cent at 4,985 points.

The performances of select high-cap stocks seem to have fuelled the rally, with the broader EGX70 seeing less pronounced gains of 0.62 per cent.
Total market turnover was around LE412 million ($68.2 million), with trade clustered around the Commercial International Bank, Orascom Telecom and Orascom Construction Industries.
A detailed market report will follow shortly
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