Arab Today, arab today egypt becomes world\s secondbest performer
Last Updated : GMT 19:23:21
Arab Today, arab today
Arab Today, arab today

Egypt becomes world\'s second-best performer

Arab Today, arab today

Arab Today, arab today Egypt becomes world\'s second-best performer

Cairo - Arabstoday

Egypt\'s benchmark stock index rose to become the world\'s second-best performer as foreign investors returned after peaceful nation-wide protests on the first anniversary of the popular uprising that ousted Hosni Mubarak. Orascom Telecom Holding increased 9.8 per cent. EFG-Hermes Holding SAE, the biggest publicly traded Arab investment bank, headed for the highest close in more than two months. The benchmark EGX 30 Index jumped 6.9 per cent, the most since March 28 and the second-best among 91 global indexes tracked by Bloomberg after Cyprus, to 4,421.26 in Cairo. The bourse suspended trading for 30 minutes after the EGX 100 Index rose five per cent. Article continues below Foreign investors were net buyers of 40.2 million Egyptian pounds ($6.7 million) in stocks, according to Egyptian Exchange data. \"Yesterday\'s protests were peaceful so they calmed fears by some investors leading up to the anniversary,\" said Tamer Nigm, head of sales and trading at Cairo-based Watheeqa Securities Brokerage. \"We expect the rally to continue but for investors to be more selective, focusing more on blue chips with good fundamentals.\" The yield on the 5.75 per cent dollar bonds due in April 2020 dropped three basis points to 6.93 per cent, the lowest level since November 24. The rate dropped 36 basis points yesterday, according to prices compiled by Bloomberg. The pound was little changed at 6.0385 against the dollar. The benchmark plunged 49 per cent last year, ranking it the third-worst performer among world equity indexes tracked by Bloomberg. About 123 million shares exchanged hands, compared with a daily average of 61 million shares in the last six months. Orascom Telecom, the Cairo-based mobile phone company, climbed for a fourth day to 3.36 pounds after a near two-month trading suspension to allow it to split its assets and as it draws closer to selling its Algerian unit.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt becomes world\s secondbest performer Arab Today, arab today egypt becomes world\s secondbest performer

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt becomes world\s secondbest performer Arab Today, arab today egypt becomes world\s secondbest performer

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday