Egypt stocks close up 1.5pct after new key ministers revealed

Ahram Online, Wednesday 1 Aug 2012

Egypt’s stocks close up on Wednesday after ministers in the new government are announced.

The main index EGX30 rose by 1.5 per cent recording 4.935.59 points.

The broader index EGX70 also gained 2 per cent.

Egypt largest steel producer Ezz Steel (up 2.3 per cent) resumes trading on Wednesday after responding to recent newspapers reports claiming that some banks have frozen financing worth $148 million for the Ezz Group. On Tuesday trading on Ezz Steel was suspended.

A detailed report will follow shortly 

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