Market Update: Egypt stocks gain 1.8 pct by Monday close

Ahram Online, Monday 21 May 2012

Indexes bounce back into the green as stocks roll back some of their losses from previous session

Egyptian stocks have bounced back into the green, the benchmark EGX30 up 1.8 per cent at 4,878 points by the close of Monday's session.

The broader EGX70 gained 1.39 per cent.
The main index dropped 2 per cent on Sunday as investors cut their exposure ahead of this week's long-awaited presidential elections.
Market turnover was above LE270 million, with Orascom Telecom Media and Technology seeing the heaviest trade.
A more detailed market report will follow shortly
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